Microeconomics 4: Information Economics (2019)


Basic Information

  • Organizer: Aalto University
  • Location: Helsinki, Arkadiankatu 7, Economicum building
  • Time schedule
    • Lectures: Mon 14-16 and Tue 14-16 (11.3. - 16.4.2019)
    • Exercise sessions: Tue 10-12 (19.3. - 9.4.2019)
    • Exam: 6.5.2019 (10-12)
    • Retake exam: 27.5.2019 (10-12)
    • Please note that all changes to this original schedule will only be posted on the course home page, see above
  • The course includes 24 hours of lectures and 8 hours of exercises, a final exam and a possibility to retake the exam.

Teaching Staff

  • Instructor: Daniel Hauser, PhD (Aalto University)
  • Teaching assistant: NN

Course Syllabus

Aims and objectives: This course introduces the students to topics and methods in modern information economics at the graduate level. After taking this course, the students are familiar with the analytical techniques used in microeconomics and have the necessary skills for modeling interactions under incomplete information.

Topics covered:

  • Adverse selection and mechanism design.
  • Moral hazard and imperfect monitoring.
  • Dynamic models of incomplete information including signaling and cheap talk.
  • Selected applications, for example: auctions, bargaining, market microstructure, reputation formation.

Course Material

  • Course material will be posted here