Decision Modeling and Information

ECON
137
Instructors
McKeon, S. (PI)
Weitze, J. (TA)
Section Number
1
Effective decision models consider a decision maker's alternatives, information and preferences. The construction of such models in single-party situations with emphasis on the role of information. The course then evolves to two-party decision situations where one party has more information than the other. Models examined include: bidding exercises and the winner's curse, the Akerlof Model and adverse selection, the Principal-Agent model and risk sharing, moral hazard and contract design. Prerequisite: ECON 102A or equivalent. Recommended: Econ 50, Optimization and simulation in Excel.
Grading
Letter or Credit/No Credit
Requirements
WAY-AQR, WAY-FR
Units
5
Undergraduate
Course Tags
Design of Public Institutions
Advanced Policy Analysis
Academic Year
Quarter
Spring
Section Days
Monday Wednesday
Start Time
4:00 PM
End Time
6:00 PM
Location
200-002