Universität Wien FIND
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040186 KU Contracts, coordination, and incentives (MA) (2018W)

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

Details

max. 60 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Monday 01.10. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 08.10. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 15.10. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 22.10. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 29.10. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 05.11. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 12.11. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 19.11. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 26.11. 08:00 - 09:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
Monday 26.11. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 03.12. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 10.12. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 07.01. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 14.01. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 21.01. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 28.01. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

This course provides an introduction to the theory of contracts and its applications. Many economic situations are characterized by informational asymmetry, i.e. by the fact that some party in an interaction has more information than the other. The aim of this course is to cover basic models with (and without) asymmetric information and understand its implications on decision making/incentive provision.

Among others, we will deal with the theoretical analysis of the following questions:

-Why do we engage in economic exchange?
-How exactly can and should an employer compensate its employees?
-What role does education play in the job market?
-Why do companies offer warranties on their products?
-What auction types are there and how does the optimal bid look like?
-How should a firm with market power price its products?

Assessment and permitted materials

Evaluation will be based on two written tests (mid and end-term), homework and active participation.

No formal requirements for this course. Please bring general interest and willingness to study+understand contractual models in a formal way.

Minimum requirements and assessment criteria

Examination topics

Topics and methodology: Decision and game theory, constrained optimization, moral hazard, adverse selection (screening, signaling), bargaining, auctions.

Reading list


Association in the course directory

Last modified: Mo 04.02.2019 15:47