Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

This course introduces the students to topics and methods in modern information economics at the graduate level. After taking this course, the students are familiar with the analytical techniques used in microeconomics and have the necessary skills for modeling interactions under incomplete information.

Credits: 5

Schedule: 14.03.2022 - 09.05.2022

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Jan Knoepfle

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • valid for whole curriculum period:

    Adverse selection and mechanism design.-Moral hazard and imperfect monitoring.-Dynamic models of incomplete information including signaling and cheap talk.-Selected applications, for example: auctions, bargaining, market microstructure, reputation formation.

Assessment Methods and Criteria
  • valid for whole curriculum period:

    100% Exam

Workload
  • valid for whole curriculum period:

    - Contact Teaching 24h

    - Exercise sessions 8h

    - Exam 2h

    -Independent work 126h

DETAILS

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Further Information
  • valid for whole curriculum period:

    Textbook by Mas-Colell, Whinston and Green (Microeconomic Theory, 1995, Ox-ford University Press) Availability

    Teaching Period:

    2020-2021 Spring IV

    2021-2022 Spring IV

    Course Homepage: https://mycourses.aalto.fi/course/search.php?search=ECON-L2400


    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu (sisu.aalto.fi) instead of WebOodi.