The Economics of Uncertainty and Asymmetric Information
In this course you are introduced to the economic theory of uncertainty and asymmetric information, with focus on various types and measures that can be undertaken to deal with these.
Topics covered are the principal agent theory, moral hazard, adverse selection, signaling, screening and strategic interaction under uncertainty. Some of the practical applications examined are the analysis of measures to reduce exposure to risk, the supply and demand for insurance, the optimal risk distribution, market equilibrium under uncertainty and contract design.
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Course structure
This is a 7.5 credit course. One week of full-time studies equals 1.5 credits.
The language of instruction is English.
Course material will be available through the learning platform Athena during the course.
Teaching format
Instruction is given in the form of lectures and prepared calculation exercises.
Assessment
The course is examined on the basis of written examinations.
Examiner
Examiner and course director
Sten Nyberg -
Schedule
The schedule will be available no later than one month before the start of the course. We do not recommend print-outs as changes can occur. At the start of the course, your department will advise where you can find your schedule during the course. -
Course literature
Note that the course literature can be changed up to two months before the start of the course. -
Contact
Course administration
economics2@ne.su.se
Academic advisor and teacher
- Visiting address
Södra huset A, room A617
- Questions about:
Eligibility, admission and credit transfers.
- Phone hours
Mon-Thu 13.30-14.00
Director of studies bachelor's and master's level
- Visiting address
Södra huset A, room A791
