Microeconomic Theory IV

Two disembodied hands shaking in front of skyscrapers.

Decision making. (Image courtesy of Karen Grant.)

Instructor(s)

MIT Course Number

14.124

As Taught In

Spring 2003

Level

Graduate

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Course Description

The topic of the class is information economics. The purpose is to give an introduction to some of the main subjects in this field: risk sharing, moral hazard, adverse selection (signaling, screening), mechanism design, decision making under uncertainty. These subjects (and others) will be treated in more depth in the advanced theory courses on Contract Theory.

Holmstrom, Bengt. 14.124 Microeconomic Theory IV, Spring 2003. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/economics/14-124-microeconomic-theory-iv-spring-2003 (Accessed). License: Creative Commons BY-NC-SA


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