ECON 448 - Economics of Information

Bilkent Özel Dersler

ECON 448 dersinde Hocanın derste ödev olarak verdiği Study Sheetler üzerinden soruları çözüyor; gerekirse geçmiş yıl sınavlarının üzerinden geçiyoruz.  

 

 

Ders Tanıtımı:

The aim of this course is to analyze asymmetric information in markets and organizations. Selective topics from mechanism design, contract theory, principal-agent problems, global games and information aggregation will be covered.

 

Haftalık Konular: 

  1. Contract Theory, Mechanism Design, Assymmetric Information: The Preliminaries

  2. Contracts: The Base Model - Symmetric Information

  3. Contracts: Types of Asymmetric Information

  4. Contracts: Moral Hazard Problem

  5. Contracts: Adverse Selection Problem

  6. Contracts: Signalling

  7. Mechanism Design / Implementation: The preliminaries and the perspective

  8. Auctions as Mechanisms for allocating objects

  9. First Price and Second Price Auctions and Revenue Equivalence.

  10. Mechanism Design in general: The preliminaries

  11. Revelation Principle and Direct Mechanisms

  12. The VCG Mechanism

  13. Myerson- Satterthwaite Theorem: Impossibility of IR, IC, Efficiency and Budget Balance in a bilateral trade setting with asymmetric information

  14. Group research project presentations

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