Course 2014-2015 a.y.
20296 - ADVANCED MICROECONOMICS
CLMG - M - IM - MM - AFC - CLAPI - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT
Department of Economics
Course taught in English
Go to class group/s: 31
CLMG (6 credits - II sem. - OP | SECS-P/01) - M (6 credits - II sem. - OP | SECS-P/01) - IM (6 credits - II sem. - OP | SECS-P/01) - MM (6 credits - II sem. - OP | SECS-P/01) - AFC (6 credits - II sem. - OP | SECS-P/01) - CLAPI (6 credits - II sem. - OP | SECS-P/01) - CLEFIN-FINANCE (6 credits - II sem. - OP | SECS-P/01) - CLELI (6 credits - II sem. - OP | SECS-P/01) - ACME (6 credits - II sem. - OP | SECS-P/01) - DES-ESS (6 credits - II sem. - OP | SECS-P/01) - EMIT (6 credits - II sem. - OP | SECS-P/01)
Course Objectives
This course introduces the student to two advanced topics in Microeconomics: asymmetric information and general equilibrium. The goal is to provide students with the analytical tools required to read and understand the current economic literature and its debates.
Course Content Summary
- Hidden information: screening.
- Hidden action: moral hazard.
- Signaling.
- Dynamic contracts.
- Applications to optimal income taxation.
- Applications to financial contracting.
- Applications to labour markets.
Detailed Description of Assessment Methods
Written Exam.
Textbooks
Examination is based on topics and exercises presented during the course. References are:
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P. BOLTON, M. DEWATRIPONT, Contract Theory, MIT press.
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J.J. LAFFONT, D. MARTIMORT, The Theory of Incentives, Princeton University press.
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I. MACHO-STADLER, J.D. PEREZ-CASTILLO, An Introduction to the Economics of Information: Incentives and Contracts, Oxford University Press.
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M.D. Mas-Colell, M. Whinston, J.R. Green, Microeconomic Theory, 1995.
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B. SALANIE, The Economics of Contracts, MIT press.
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Slides and other teaching material are distributed during the course.
Last change 17/06/2014 14:32