ECON137
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Decision Modeling and Information
Economics
H&S - Humanities & Sciences
Course Description
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 Basis
ROP - Letter or Credit/No Credit
Min
5
Max
5
Course Repeatable for Degree Credit?
No
Course Component
Discussion
Enrollment Optional?
Yes
Course Component
Lecture
Enrollment Optional?
No
This course has been approved for the following WAYS
Formal Reasoning (FR), Applied Quantitative Reasoning (AQR)
Does this course satisfy the University Language Requirement?
No
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ECON137
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Programs
ECON137
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