Academic year(s): 2017-2018
SCOTCAT credits : 20
ECTS credits : 10
Level : SCQF Level 9
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.
Pre-requisite(s): Permission of the economics honours adviser
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
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%
Re-assessment: 2-hour Written Examination = 100%
Module coordinator: Dr L Bridet
Module teaching staff: Dr G Gerasimou