MGC2600 - Behaviour, rationality and organisation

Leader: Dr Elias Khalil, Dr Ingrid Nielsen

Offered

Clayton First semester 2007 (Day)

Synopsis

A basic pillar of economic theory is that behaviour is governed by the response to incentives (what psychologists term "extrinsic motivation"). But "intrinsic motivation" plays a great role. People conceive incentives differently depending on the context. The unit elaborates on the interface of incentives and psychological factors in order to understand the complexity of human motivation. The unit also focuses on how organisations come to prevail in the marketplace given the constraints of time, information and the limited capabilities of human reasoning.

Assessment

Mid-semester test: 20%
Assignment (3000 words): 30%
Examination (2 hours): 50%

Contact hours

3 hours per week

Prerequisites

ECC1000 and MGC1010