units
ECC5840
Faculty of Business and Economics
This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.
Level | Postgraduate |
Faculty | Faculty of Business and Economics |
Offered | Not offered in 2012 |
Coordinator(s) | Professor Nick Feltovich |
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 (signalling 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:
Within semester assessment: 50%
Examination (2 hours): 50%
3 hours per week