ECON 403 - Advanced Economic Theory
Section: 001
Term: WN 2008
Subject: Economics (ECON)
Department: LSA Economics
Waitlist Capacity:
Enforced Prerequisites:
ECON 401 with a grade of at least C-; or Graduate standing.
May not be repeated for credit.
Rackham Information:
Rackham credit requires additional work.
Primary Instructor:

This course focuses on incentives and the economics of asymmetric information. Applications include the compensation of managers and workers; non-linear pricing; and the design of the menus of contracts that insurance companies offer to their customers. This year we shall also consider incentives in auctions and in voting. We shall start from applied problems, and will work our way towards theoretical models that capture the essential ingredients of these problems.

This course uses and develops the tools of microeconomic theory, and students are expected to be familiar with the material covered by ECON 401. Students should also be familiar with basic calculus, including differentiation and integration, and with elementary probability calculations. The course will include some applications of game theory, but the needed game theoretic concepts will be introduced in the lectures.

For textbook information, please visit the ECON Textbook Information Website. Information will be posted for each class as soon as it is available.

ECON 403 - Advanced Economic Theory
Schedule Listing
001 (LEC)
MW 10:00AM - 11:30AM
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