The Economics of Uncertainty and Information

Third year module

Lecturer: Peter Postl

This is a mathematical economics course. A large component of the course concerns trade between agents who have different information. Relevant applications are discussed such as auctions, and revelation of the demand for public good.

Learning Outcomes

On completion of this module the student should be able to: demonstrate an understanding of and be able to formally model adverse selection and moral hazard and solve problems involving these concepts; display knowledge of the application of these concepts to such problems as auctions, regulation of monopolies, second degree price discrimination and revelation of the demand for a public good.

Assessment

Final assessment 80%, coursework 20%