Module Identifier EC30610  
Module Title UNCERTAINTY AND ASYMMETRIC INFORMATION  
Academic Year 2003/2004  
Co-ordinator Mr Roberto Bonilla  
Semester Semester 2  
Pre-Requisite EC30230  
Course delivery Lecture   12 Hours  
  Seminars / Tutorials   4 Hours  
Assessment
Assessment TypeAssessment Length/DetailsProportion
Semester Exam1.5 Hours  100%

Learning outcomes

By the end of the module students should have an understanding of:


Aims

This module extends the microeconomic analysis of choice covered in EC30230 to consider choice under conditions of uncertainty. We then develop the closely related issue of asymmetric information and the related problems of market failure, adverse selection and moral hazard. Applications to the financial market are addressed in detail.

Reading Lists

Books
** Essential Reading
H Varian Intermediate Microeconomics
** Supplementary Text
W Nicholson Microeconomic Theory
M L Katz and H R Rosen Microeconomics
B C Eaton, D F Eaton and D W Allen Microeconomics 4th.

Notes

This module is at CQFW Level 6