040186 KU Contracts, coordination, and incentives (MA) (2020W)

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 14.09.2020 09:00 to We 23.09.2020 12:00
Deregistration possible until Sa 31.10.2020 12:00

Details

max. 60 participants

Language: English

Lecturers

Oliver Fabel

Classes (iCal) - next class is marked with N

All November classes will be held in an online format via BBB.
Midterm: DI 17.11.2020 Digital
Endterm: DI 26.01.2021 Digital

    
    Tuesday
    06.10.
    16:45 - 18:15
    Hörsaal 1  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Tuesday
    13.10.
    16:45 - 18:15
    Hörsaal 1  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Tuesday
    20.10.
    16:45 - 18:15
    Hörsaal 1  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Tuesday
    27.10.
    16:45 - 18:15
    Hörsaal 1  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Tuesday
    03.11.
    16:45 - 18:15
    Digital
    
    Tuesday
    10.11.
    16:45 - 18:15
    Digital
    
    Tuesday
    17.11.
    16:45 - 18:15
    Digital
    
    Tuesday
    24.11.
    16:45 - 18:15
    Digital
    
    Tuesday
    01.12.
    16:45 - 18:15
    Hörsaal 1  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Tuesday
    15.12.
    16:45 - 18:15
    Hörsaal 1  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Tuesday
    12.01.
    16:45 - 18:15
    Hörsaal 1  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Tuesday
    19.01.
    16:45 - 18:15
    Hörsaal 1  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Tuesday
    26.01.
    16:45 - 18:15
    Digital

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.
Please note that all of your submissions may be checked for plagiarism using Turnitin.

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: We 15.03.2023 00:13