Olena Rarytska | Teaching

Topics: Economics of Information

• Taught: Fall, 2006 - SBU

Course description: Most introductory courses in economics assume that all decision makers have the same information about environment. However the decision-making problem changes dramatically if we allow for information asymmetry; information based models may explain many economic phenomena which cannot be modeled using traditional structure with symmetric information. Thus, in this course we will study different economic situations involving informational asymmetry.

Topics

1. Moral hazard

2. Adverse selection

3. Signalling

4. Auctions

5. Winner’s curse

6. Provision of public goods

7. Two-sided matching