ECON-L2400 - Advanced Microeconomics 4 D, Lecture, 13.3.2023-8.5.2023

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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: 13.03.2023 - 08.05.2023

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Daniel Hauser

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:

    Exam and assignments

Workload

  • valid for whole curriculum period:

    - Contact Teaching 24h

    - Exercise sessions 8h

    - Exam 4h

    -Independent work 124h

DETAILS

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Helsinki GSE course. More information on the course in HSGE study guide: https://www.helsinkigse.fi/courses/
    Registration in Sisu.

    Teaching Language : English

    Teaching Period : 2022-2023 Spring IV
    2023-2024 Spring IV

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof