May 16, 2024  
2016-2017 University Catalog 
    
2016-2017 University Catalog [ARCHIVED CATALOG]

ECON 67600 - Economics Of Uncertainty And Information I


Credit Hours: 2.00 to 4.00. Covers topics in decision theory and the economics of information. Topics include: insurance, nonexpected utility theory, capital asset pricing models, stochastic calculus and options pricing models, organizational decision making, herd behavior, search theory and price dispersion models, principal-agent models, multiple agents, multiple tasks, multiple periods, incomplete contracts, and adverse selection topics. Applications of these models arise in industrial organization, labor economics, and public economics, as well as various areas in management. Course readings are primarily from journal articles. Prerequisite: ECON 60700 . Typically offered Fall Spring.