Microeconomics II


Masters in Economics

This site provides information about the course, and materials and references useful to prepare it.

DESCRIPTION: This course provides an introduction to the topics of the economics of information.

INSTRUCTOR: Diego Moreno

TA: Derek Lougee

PROGRAM
1. Introduction: Games with Asymmetric Information.
2. Risk Distribution: the Principal-Agent Problem.
3. Adverse Selection: Screening, Signaling.
4. Moral Hazard.

4. Bilateral Trade, Auctions.

TEXTBOOK
R. Gibbons: A premier in Game Theory, Prentice Hall, 1992.
V. Krishna, Auction Theory, Academic Press, 2010.
I. Macho and D. Pérez-Castrillo: An Introduction to the Economics of Information, Ariel, 1994.

OTHER TEXTBOOKS
P. Bolton and M. Dewatripont: Contract Theory, MIT Press, 2005.
J.-J. Laffont and D. Martimort: The Theory of Incentives, Princeton UP, 2002.
J. E. Harrington: Games, Strategies, and decision making, Worth Publishers, 2009.
M. J. Osborne: An introduction to Game Theory, Oxford UP, 2003.
B. Salanié: The Economics of Contracts: A Primer, MIT Press, 2005.

GRADING: There will a midterm exam (March 26), and a comprehensive final exam (May 28).

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