<p>Lecture, three hours; discussion, one hour. Limited to Master of Applied Economics students. Introduction to concepts of information economics that lie at heart of modern economics and application of them to understand incentives within firms, as well as competition between them. Study of theoretical models and functioning of real-life markets, such as insurance, labor, and consumer markets. Consideration of whether we can design policies that improve market outcomes. Role of models in economics, and how to tie data and theory together. Letter grading.</p>

Economics

Combining rigorous, inclusive pedagogy with opportunities for co-curricular activities—including research, internships, and community engagement—the College provides students with diverse learning experiences that helps them thrive, become critical thinkers, and transform society.

College of Letters and Science

The department conducts cutting-edge research by developing and applying new methodologies to understand society's most critical issues and trains future generations of economic leaders.

General Catalog

Incentives, Information, and Markets

ECON 421

4 units