Course 2014-2015 a.y.

20296 - ADVANCED MICROECONOMICS


CLMG - M - IM - MM - AFC - CLAPI - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT

Department of Economics

Course taught in English

Go to class group/s: 31
CLMG (6 credits - II sem. - OP  |  SECS-P/01) - M (6 credits - II sem. - OP  |  SECS-P/01) - IM (6 credits - II sem. - OP  |  SECS-P/01) - MM (6 credits - II sem. - OP  |  SECS-P/01) - AFC (6 credits - II sem. - OP  |  SECS-P/01) - CLAPI (6 credits - II sem. - OP  |  SECS-P/01) - CLEFIN-FINANCE (6 credits - II sem. - OP  |  SECS-P/01) - CLELI (6 credits - II sem. - OP  |  SECS-P/01) - ACME (6 credits - II sem. - OP  |  SECS-P/01) - DES-ESS (6 credits - II sem. - OP  |  SECS-P/01) - EMIT (6 credits - II sem. - OP  |  SECS-P/01)
Course Director:
NICOLA PAVONI

Classes: 31 (II sem.)
Instructors:
Class 31: NICOLA PAVONI


Course Objectives

This course introduces the student to two advanced topics in Microeconomics: asymmetric information and general equilibrium. The goal is to provide students with the analytical tools required to read and understand the current economic literature and its debates.


Course Content Summary

  • Hidden information: screening.
  • Hidden action: moral hazard.
  • Signaling.
  • Dynamic contracts.
  • Applications to optimal income taxation.
  • Applications to financial contracting.
  • Applications to labour markets.

Detailed Description of Assessment Methods

Written Exam.

Textbooks

Examination is based on topics and exercises presented during the course. References are:

  • P. BOLTON, M. DEWATRIPONT, Contract Theory, MIT press.
  • J.J. LAFFONT, D. MARTIMORT, The Theory of Incentives, Princeton University press.
  • I. MACHO-STADLER, J.D. PEREZ-CASTILLO, An Introduction to the Economics of Information: Incentives and Contracts, Oxford University Press.
  • M.D. Mas-Colell, M. Whinston, J.R. Green, Microeconomic Theory, 1995.
  • B. SALANIE, The Economics of Contracts, MIT press.
  • Slides and other teaching material are distributed during the course.
Exam textbooks & Online Articles (check availability at the Library)
Last change 17/06/2014 14:32