14.124 Microeconomic Theory IV

As taught in: Spring 2003

Two disembodied hands shaking in front of skyscrapers.

Decision making. (Image courtesy of Karen Grant.)




Prof. Bengt Holmstrom

Course Description

The topic of the class is information economics. The purpose is to give an introduction to some of the main subjects in this field: risk sharing, moral hazard, adverse selection (signaling, screening), mechanism design, decision making under uncertainty. These subjects (and others) will be treated in more depth in the advanced theory courses on Contract Theory.

*Some translations represent previous versions of courses.