ECON 6760 - Advanced Economic Theory

This is an advanced course in economic theory. Approximately 50% of the course is dedicated to topics in macroeconomics; 50% of the course is dedicated to topics in microeconomics. It is common for individuals to behave without full information regarding the effects of their actions, and often some decision makers have more or less information than others. This course will explain how economists view and approach such problems. Tools used in models of moral hazard and adverse selection will be covered, with the aim of developing a general set of techniques to solve such problems. Applications to Labor Economics, Public Economics, Financial Economics, and Health Economics will be incorporated for a fuller understanding of issues arising from incomplete information.

Note: Open to graduate students only.

Prerequisites/Corequisites: Prerequisites: (ECON 5040 or ECON 6040) and ECON 6750

Credits: 3 hours