5210 – Topics in microeconomics
Course content
- Game theory (the study of multi-person decision problems): Equilibrium and rationalizability concept for strategic and extensive games and their epistemic foundations.
- Various applications of game theory.
- Contract theory (the study of contract-based transactions of goods and services): basic static and dynamic models of moral hazard, adverse selection and contract incompleteness.
- Various applications of contract theory
Learning outcome
The first part of the course provides a formal understanding of game-theoretic solution concepts. It seeks to give the participants a critical attitude when applying such concepts in economic applications. The second part of the course provides similarly an understanding of basic information problems (such as hidden action, hidden knowledge, non-verifiable information) and how they can be partly solved through contract design. It seeks to enable the participants to apply the theoretical tools developed in contract theory in economic applications.
Admission
Students who are admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.
Students enrolled in other Master's Degree Programmes can, on application, be admitted to the course if this is cleared by their own study programme.
If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.
Other information: This is an advanced course at phd-level, but open for speially interested masters students.
The subject is open for both Norwegian and International applicants.
Prerequisites
Formal prerequisite knowledge
No obligatory prerequisites beyond the minimum requirements for entrance to higher education in Norway.
Teaching
See detailed course plan.
Examination
The students will be evaluated by means of portfolio assessment, based on an assignment that will be given towards the end of the course.
Resit an examination
The Department of Economics has passed following resolution for ECON-courses: It will no longer be possible for candidates to register for an exam in a lower level course after having passed exams in intermediate and advanced level courses in the same subject area (also where there are no pre-requisites that apply to the intermediate course). Further information can be found here.