ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | INFORMATIONAL ASYMMETRIES & MECHANISM DESIGN | ||
Code | ECON928 | ||
Coordinator |
Prof DM Demougin Economics, Finance and Accounting Dominique.Demougin@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2017-18 | Level 7 FHEQ | Second Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
None |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
EFPR |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
18 |
18 |
36 | ||||
Timetable (if known) | |||||||
Private Study | 114 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Coursework | 2500 words | Semester 2 | 50 | Yes | Standard UoL penalty applies | Individual assignment 1 |
Coursework | 2500 words | Semester 2 | 50 | Yes | Standard UoL penalty applies | Individual assignment 2 Notes (applying to all assessments) - none |
Aims |
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To introduce students to advanced microeconomic models. To provide students with the analytical skills to proceed to professional research. |
Learning Outcomes |
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Students should be able to solve advanced analytical problems which appear frequently in microeconomic theory. |
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Students should feel comfortable using economic models and be able to read academic research papers which use such models. |
Teaching and Learning Strategies |
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Lecture - |
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Seminar - |
Syllabus |
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1 |
1. The rent extraction-efficiency trade-off in adverse selection problems. 2. Incentive and Participation constraints in adverse selection problems. 3. Moral-hazard: the basic trade-offs. 4. Incentive and Participation constraints with moral-hazard. 5. Non-verifiability. 6. Mixed models. |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. Explanation of Reading List: |