This website provides information about the course, as well as materials and references useful to prepare it.
DESCRIPTION: This course studies market equilibrium and market failure, and provides an introduction to methods for dealing with individuals' incentives in the design of contracts and social institutions.
INSTRUCTOR: Diego Moreno
(email@example.com; office: 15.2.45; office hours: Tuesdays, 2-4 pm.)
(firstname.lastname@example.org; office: 15.2.40; office hours: Mondays 9-11 am, Thursdays 6-7 pm.)
Recitation Sessions: Feb. 22 (19:30-21), March 22 (17:45-21:00), April 19 (17:45-19:15), May 3 (19:30-21), and May 24 (19:30-21).
R. Serrano and M. Feldman: A Short Course in Intermediate Microeconomics with Calculus, Cambridge UP. (SF)
I. Macho and D. Perez-Castrillo: An Introduction to the Economics of Information, Oxford UP 2001. (MP)
1. Time and Uncertainty in Competitive Economies. (SF 15-17, MWG 19-20, JR 5)
2. Market Failure: externalities, public goods, market power, asymmetric information. (SF 17-18, JR 9, MWG 10-13)
3. Introduction to the Economics of Information. (MP 2-5)
GRADING: There will a midterm exam (on April 5, 17:45-20:15), and a comprehensive final exam on June 2.
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