Fall 2019 - ECON 402 D100
Advanced Microeconomic Theory (4)
Class Number: 2932
Delivery Method: In Person
Course Times + Location:
Tu 1:30 PM – 2:20 PM
AQ 5007, Burnaby
Th 12:30 PM – 2:20 PM
WMC 3250, Burnaby
Exam Times + Location:
Dec 16, 2019
3:30 PM – 6:30 PM
AQ 5005, Burnaby
1 778 782-3443
Prerequisites:ECON 302 and 331. Students who have completed both MATH 232 and 251 may substitute these courses for ECON 331. Entry into this course requires a minimum CGPA of 3.0 or permission of the department.
Advanced coverage of microeconomic theory for students intending to pursue graduate study in economics. Topics may include general equilibrium, game theory, and asymmetric information. Quantitative.
This course is an introduction to the economics of contracts and imperfect information, with applications to public policy. Using basic techniques from game theory and optimization, we will learn how private information and unobservable behavior prevent economic agents from reaching efficient outcomes, and study the design of contracts to address this problem. We apply this material to policy debates including financial markets, health insurance, and educational credentials.
Topics covered include:
- Contracts and the Coase Theorem
- Moral Hazard
- Adverse Selection, Screening, and Signaling
- Final exam 40%
- Midterm exam 25%
- In-class quizzes and bi-weekly assignments 10%
- Short papter 25%
There is no required text for this class. We will use a number of books and some online material, and read journal articles. The course has a Canvas page where all material will be available.
Department Undergraduate Notes:
***NO TUTORIALS DURING THE FIRST WEEK OF CLASSES***
Students requiring accommodations as a result of a disability must contact the Centre for Accessible Learning (CAL) at 778-782-3112 or firstname.lastname@example.org.
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