040206 KU Incentive Contracts (MA) (2022W)
Continuous assessment of course work
Labels
ON-SITE
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 12.09.2022 09:00 to Fr 23.09.2022 12:00
- Registration is open from We 28.09.2022 09:00 to Th 29.09.2022 12:00
- Deregistration possible until Fr 14.10.2022 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
The course starts on site on October 4, 2022.
-
Tuesday
04.10.
09:45 - 13:00
Digital
Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock -
Tuesday
11.10.
09:45 - 13:00
Digital
Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock -
Tuesday
18.10.
09:45 - 13:00
Digital
Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock -
Tuesday
25.10.
09:45 - 13:00
Digital
Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock -
Tuesday
08.11.
09:45 - 13:00
Digital
Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock -
Tuesday
15.11.
09:45 - 13:00
Digital
Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock -
Tuesday
22.11.
09:45 - 13:00
Digital
Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock - Wednesday 30.11. 15:00 - 18:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Information
Aims, contents and method of the course
The development of the theory of incentives has been a major advance in economics in the last fifty years. The objective of this course is to provide easy access to this theory for graduate students in business administration, economics, and finance. Most of the course is devoted to the static principal-agent model with complete contracts. The course discusses the transaction costs created by contracting under asymmetric information in the simplest possible framework that does not require advanced game-theoretic concepts.For more information, please refer to the course syllabus at https://drive.google.com/file/d/1aI2i0kH1XtN4GeS20ed3iW9JUX_aKa-6/view?usp=sharing
Assessment and permitted materials
Grades for this course will be based on a midterm exam (35%), a final exam (45%), and class participation (20%). Both exams will be closed book, that is, you are not allowed to consult your lecture notes, textbooks, or other resources during the exam.
Minimum requirements and assessment criteria
To pass the course, you need to achieve an aggregate score of at least 50%.
Examination topics
All topics covered in class. (Please see the course syllabus.)
Reading list
LAFFONT, Jean-Jacques, and David MARTIMORT, 2002, The Theory of Incentives: The Principal-Agent Model, Princeton University Press.BOLTON, Patrick, and Mathias DEWATRIPONT, 2005, Contract Theory, MIT Press.
Association in the course directory
Last modified: Th 11.05.2023 11:27