? Credit Points : 10  ? SCQF Level : 11  ? Acronym : ECN-P-mic2

An introduction to models of information and incentives, including adverse selection, signalling and screening.

? Pre-requisites : Microeconomics 1 (P01214) Must also be registered for MSc Economics (C0180) & MSc Economics (Finance)(C0182) or by permission of the Programme Director

Home subject area

Economics, (School of Economics, Schedule W)

? Normal year taken : Postgraduate

? Delivery Period : Block 3 only

? Contact Teaching Time : 4 hour(s) per week for 5 weeks

All of the following classes

Type Day Start End Area Lecture Monday 10:00 12:00 Central Lecture Monday 14:00 15:50 Central

Knowledge and understanding of adverse selection, moral hazard and screening. Knowledge and understanding of the main models that describe the impact of these concepts on goods and labour markets including the seminal models of Spence and Ackerlof.

Degree Exam 100%

Exam times

Diet Diet Month Paper Code Paper Name Length 1ST February 1 class exam 2 hour(s) 1ST May 1 degree exam 1 hour(s) 30 minutes

The Course Secretary should be the first point of contact for all enquiries.

Course Secretary

Ms Marie Craft
Tel : (0131 6)51 1764
Email : Marie.Craft@ed.ac.uk

Course Organiser

Prof Andy Snell
Tel : (0131 6)50 3848
Email : a.j.snell@ed.ac.uk

Course Website : http://www.sgpe.ac.uk

School Website : http://www.ed.ac.uk/econ/

College Website : http://www.hss.ed.ac.uk/