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ECC5840 - Information, incentives and games

6 points, SCA Band 2, 0.125 EFTSL

Postgraduate Faculty of Business and Economics

Leader: Associate Professor Vai-Lam Mui


Clayton Second semester 2007 (Day)


This unit provides students with training in information economics and applied game theory. Discussion of key concepts in game theory; the nature of different kinds of information asymmetries (whether the informed party has private knowledge about certain events, whether he/she can undertake actions unobservable to others); and economic implications. Explore how different incentive mechanisms (signaling by the informed party and screening by the uninformed party) can be used to mitigate the impact of asymmetric information.


The learning goals associated with this unit are to:


Assignments: 15%
Research Essay (3500 words): 35%
Examination (2 hours): 50%

Contact hours

3 hours per week