The Economics of Information and Uncertainty
How do rational agents make decisions when faced with uncertainty? How do markets and other institutions deal with risks? How do markets behave when some actors are better informed than others? What incentives influence whether economic decision-makers hide or reveal information? Topics include the value of information, the purchase of warranties, agency problems in management, adverse selection and moral hazard in insurance, and signaling in education.
Topics
- the value of information
- the purchase of warranties
- agency problems in management
- adverse selection and moral hazard in insurance
- and signaling in education
Topics explicitly listed in official catalogue description
Prerequisites & course information
Prerequisite: 1 course with a minimum grade of C- from ( ECON306 , ECON326 ); and 1 course with a minimum grade of C- from ( ECON230 , BMGT230 , ECON321 , STAT401 ). Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics Bachelor of Science; Economics minor; Social Data Science-Economics). Credit Only Granted for: ECON498U or ECON434 . Formerly: ECON498U.
Sources
- Course catalogue ↗2026-2027
- Catalogue entry ↗
Catalogue variants
- The Economics of Information and Uncertainty · 3 Credits