University of St Andrews - Scotland's first university, founded 1413

Module Catalogue

For information on which modules are specific to your programme, please see : Programme requirements index 2017-2018.

Curricular information may be subject to change.

EC3305 Incentives, Contract and Markets

Academic year(s): 2017-2018

Key information

SCOTCAT credits : 20

ECTS credits : 10

Level : SCQF level 9

Semester: 2

Planned timetable: To be arranged.

This module will address economic institutions when agents interact under informational asymmetries. The main models of the theory of contracts, particularly the basic models of adverse selection, signalling, and moral hazard, as well as the theory of mechanism and market design, will be discussed with emphasis on their applications for understanding the internal organisation of firms, taxation, regulation, insurance and labour markets, education, and many other aspects of economics.

Relationship to other modules

Pre-requisite(s): Permission of the Economics Honours Adviser

Learning and teaching methods and delivery

Weekly contact: 20 hours of lectures over 11 weeks, 1-hour tutorial (x 5 weeks) plus 1 office hour (x 12 weeks).

Scheduled learning hours: 25

Guided independent study hours: 175

Assessment pattern

As used by St Andrews: 2-hour Written Examination = 50%, Coursework (incl. 2 x Class Tests 25%) = 50%

As defined by QAA
Written examinations : 75%
Practical examinations : 0%
Coursework: 25%

Re-assessment: 2-hour Written Examination = 100%

Personnel

Module teaching staff: Dr G Gerasimou