14.124 Microeconomic Theory IV

Spring 2003

Decision making.
Decision making. (Image courtesy of Karen Grant.)

Course Highlights

This course features a complete set of assignments.

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.

*Some translations represent previous versions of courses.

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Staff

Instructor:
Prof. Bengt Holmstrom

Course Meeting Times

Lectures:
Two sessions / week
1.5 hours / session

Recitations:
One session / week
1.5 hours / week

Level

Graduate