040186 KU Contracts, coordination, and incentives (MA) (2019W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Continuous assessment of course work

service email address: opim.bda@univie.ac.at

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).

Registration is open from Mo 16.09.2019 09:00 to Mo 23.09.2019 12:00
Registration is open from Th 26.09.2019 09:00 to Fr 27.09.2019 12:00
Deregistration possible until Mo 14.10.2019 12:00

Details

max. 60 participants

Language: English

Lecturers

Markus Eigruber

Classes (iCal) - next class is marked with N

    
    Monday
    04.11.
    09:45 - 11:15
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Tuesday
    05.11.
    09:45 - 11:15
    Hörsaal 17  Oskar-Morgenstern-Platz 1  2.Stock
    
    Wednesday
    06.11.
    09:45 - 11:15
    Hörsaal 16  Oskar-Morgenstern-Platz 1  2.Stock
    
    Thursday
    07.11.
    09:45 - 11:15
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Friday
    08.11.
    09:45 - 11:15
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Friday
    08.11.
    13:15 - 14:45
    Hörsaal 16  Oskar-Morgenstern-Platz 1  2.Stock
    
    Friday
    15.11.
    09:45 - 11:15
    Hörsaal 6  Oskar-Morgenstern-Platz 1  1.Stock
    
    Monday
    18.11.
    09:45 - 11:15
    Hörsaal 12  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    19.11.
    09:45 - 11:15
    Hörsaal 14  Oskar-Morgenstern-Platz 1  2.Stock
    
    Wednesday
    20.11.
    09:45 - 11:15
    Hörsaal 16  Oskar-Morgenstern-Platz 1  2.Stock
    
    Thursday
    21.11.
    09:45 - 11:15
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Friday
    22.11.
    09:45 - 11:15
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Friday
    22.11.
    13:15 - 15:45
    Hörsaal 16  Oskar-Morgenstern-Platz 1  2.Stock
    
    Wednesday
    27.11.
    09:45 - 11:15
    Hörsaal 6  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. A general interest and willingness to study+understand contractual models in a formal way is required.

Minimum requirements and assessment criteria

Notice, that due to the particular course schedule (blocked) this semester, it is necessary to put in daily effort in order to prepare for the following sessions and exams.

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 07.09.2020 15:19