ECON 2812 - INCENTIVES AND INFORMATION

Minimum Credits: 3
Maximum Credits: 3
Incentives and Information are central to modern economics, and this course studies the question of how individuals and firms respond to incentives. These incentives are shaped, in large part, by the information possessed by each relevant party. In this course we study how such informational issues can lead to market inefficiencies, and what can be done to exploit or combat them. How should a seller design an auction, or the products available, to extract as much revenue as possible from buyers? How can firms design compensation schemes to get efficient effort from employees? What are the limits of what can be achieved through regulation? Students will learn how to address these and other similar questions using rigorous economic tools.
Academic Career: Graduate
Course Component: Lecture
Grade Component: Grad LG/SNC Basis

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