Uppgifter om studieperioden
ECOMG311 Microeconomics 2, 5 sp
Kod 
ECOMG311 
Giltighet 
01.01.2017 

Namn 
Microeconomics 2 
Förkortning 
Micro 2 
Omfattning  5 sp 


Undervisningsform  Fördjupade studier 
Klass/Kategori  Studieperiod 




Bedömning  Allmän skala 
 
 nej 


Kan genomföras flera gånger  nej 
Ansvarig enhet 
Magisterprogrammet i ekonomi 

Lärare
Beskrivning
Målgrupp 
Master’s Programme in Economics (General Track). Open to all. 
Timing 
First autumn term, after completing Microeconomics 1 
Kunskapsmål 
After the course, the student should
 Be familiar with main problems in the economics of information as well as the standard modelling techniques.
 Understand the mechanisms behind standard problems of information economics: adverse selection, moral hazard and signalling

Studieavsnittets form 
The course consists of lectures (24 hours) and exercises either in separate sessions or integrated into the lectures. The lectures and exercise sessions are not mandatory. There is a written final exam and four internet quizzes based on the homework assignments. The homework assignments consist of mostly theoretical exercises. 
Tidigare studier eller kunskaper 
The course builds partly upon the contents of Microeconomics 1. Hence, the student is assumed to be familiar with the expected utility theory and the theory of choice 
Rekommenderade valfria studier 
Knowledge of basic analysis is certainly an advantage. 
Innehåll 
The course provides an overview of the issues arising in the economics of information. We cover the problems of moral hazard, adverse selection and signalling. Understanding how private information and incentives in these problems interact is a prerequisite for understanding many of the problems in labour and financial markets as well as in the field of politics. We also cover problems related to externalities and some auction theory. 
Studiematerial och litteratur 
Jehle and Reny: Advanced Microeconomic Theory (3rd ed.), Chapter 7. The information economics part is based mostly on lectures. 
Aktiviteter och undervisningsmetoder som stöder lärandet 
All material related to the course is delivered through Moodle. It also contains a discussion forum where students can discuss issues related to the course with each other and the teacher. Each homework assignment involves multiplechoice questions that the students answer through Moodle before the exercise sessions related to the homework assignment. 
Bedömningsmetoder och kriterier 
The grade on a scale from 0 (fail) to 5 is based on the sum of points earned in the final exam and from the homework assignments and potential classroom activities. The points are scaled such that the maximum number of points is 100, of which 60 come from the final exam and 40 from the homework assignments and other activities. To pass the course, the student must earn at least 50 points in total and at least 30 points from the final exam. 

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