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

Courses

ECON137 is a prerequisite for:

Programs

ECON137 is a completion requirement for: