Courses Bachelor Display 2018-2019

Course Description To PDF
Course title Information, Markets and Organisations
Course code EBC2108
ECTS credits 6,5
Assessment None
Period
Period Start End Mon Tue Wed Thu Fri
5 15-4-2019 7-6-2019 X X
Level Advanced
Coordinator Stefan Terstiege
For more information: s.terstiege@maastrichtuniversity.nl
Language of instruction English
Goals
Knowledge of the main issues in information economics; skills in analyzing these issues in economic models.
Description
The course gives an introduction to the field “information economics”, which studies how asymmetry of information (e.g., about the quality of some good) affects markets and organizations. A common theme is that such asymmetry often leads to inefficiency. The course covers the main issues of the field, in particular adverse selection and moral hazard.
Literature
Bikhchandani, S., J. Hirshleifer, and J.G. Riley (2013), The Analytics of Uncertainty and Information, 2nd edition, Cambridge University Press, Cambridge.
Prerequisites
Prior knowledge in microeconomics equivalent to the course Microeconomics (EBC1012) is essential. Recommended are also the courses Probability Theory (EBC1024), Analysis II (EBC1032), and Game Theory and Economics (EBC2110). Elective and exchange student who have not taken these courses are expected to fill gaps in prior knowledge on their own.
Teaching methods (indicative; course manual is definitive) PBL / Lecture / Assignment
Assessment methods (indicative; course manual is definitive) Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Bachelor Economics and Business Economics - Economics QE Electives
Bachelor Economics and Business Economics - Emerging Markets QE Electives
Bachelor Economics and Business Economics - Economics and Management of Information QE Electives
Bachelor Economics and Business Economics - International Business Economics QE Electives
Bachelor Econometrics and Operations Research Year 2 Compulsory Courses
Bachelor International Business QE electives
SBE Exchange Bachelor Bachelor Exchange Courses
SBE Exchange Master Bachelor Exchange Courses
SBE Non Degree Courses Bachelor Courses