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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This course focuses on the following topics: basic theory of consumer behavior; production and costs; partial equilibrium analysis of pricing in competitive and monopolistic markets; general equilibrium; welfare; and externalities. It is recommended for students planning to apply to graduate school in economics, accounting, or finance.
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Tag(s):
- economics
- microeconomic theory
- consumer behavior
- production
- cost
- pricing
- competition
- monopoly
- market
- equilibrium
- welfare
- externalities
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This course focuses on recent developments in contract theory. Topics include: advanced models of moral hazard, adverse selection, mechanism design and incomplete contracts with applications to theory of the firm, organizational design, and financial structure.
Author(s):
Tag(s):
- economics
- games with incomplete information
- bayesian-nash games
- auctions and mechanism design
- static models
- simple models
- multiple agents
- dynamic models
- dynamic adverse selection
- dynamic moral hazard
- surplus division
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