In case of conflicting information consider the Sisu/Courses/Moodle pages the primary source of information.
Please note that the course will be lectured for the last time!
The course covers the key areas of incentive theory, information economics and organisation theory, highlighting common themes and methodologies, and presenting the main ideas in an accessible way. Discussed applications include labour economics, industrial organisation and corporate finance. The course outline is as follows: 1. Moral hazard: static one principal, one agent model. 2. Moral hazard in teams and tournaments. 3. Adverse selection. 4. Mechanism design and auctions. 5. Implementation, incomplete contracts, and authority.
- Completion method: contact teaching
- Schedule: can be found in Course Page and Sisu
- Study materials: can be found in Moodle
- A link and a Moodle course key will be sent by email before the course starts and/or they will be provided on the Courses page: you can view the information on this site without logging in or registering, but some of the content added by teachers to course pages may be available to course participants only, for example Moodle course enrolment key.
- Log in with your UH username to be able to use all the features of the course workspace
Please register for the course in the UH Sisu with your UH username. Further instructions (link to be added here later).
After the course, the student should:
- Be familiar with the principles of contract theory: the main questions and the useful modelling frameworks
- Be able to model real world institutions using the theory of incentives