Universität Wien
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040073 UK Contract Theory (MA) (2023W)

Track in Competition and Regulation

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
ON-SITE
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Thursday 05.10. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 12.10. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 19.10. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 09.11. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 16.11. 13:15 - 14:45 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 23.11. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 30.11. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 07.12. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 14.12. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 11.01. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 18.01. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 25.01. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 25.01. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

The course will cover the most common topics in the economics of information and contract theory:
1) Adverse selection and the market for lemons
2) Signalling models
3) Competitive screening
4) Monopolistic screening
5) Hidden action and moral hazard

Some special attention will be devoted to applications in financial economics.

Assessment and permitted materials

The final grade is based on the grades for the final exam (50%), class participation (10%), and a midterm (40%). This is subject to changes communicated during the lecture.

Minimum requirements and assessment criteria

Passing grade is 50%.

Examination topics

The midterm covers all the material covered up until that point. The final covers all of the material covered in class. Points will be deducted from the participation grade for absences or phone or computer use that is not directly related to the class.

Reading list

Mas Colell, Whinston and Green, Microeconomic Theory, chapters 13 and 14, as well as various handouts and journal articles.

Some supplementary material might be used from Robbert Gibbons: A Primer in Game Theory, and Bolton and Dewatripont: Contract Theory

Association in the course directory

Last modified: Th 25.01.2024 10:45