Universität Wien

040186 KU Contracts, coordination, and incentives (MA) (2020W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

service email address: opim.bda@univie.ac.at
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 60 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

All November classes will be held in an online format via BBB.
Midterm: DI 17.11.2020 Digital
Endterm: DI 26.01.2021 Digital

  • Tuesday 06.10. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 13.10. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 20.10. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 27.10. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 03.11. 16:45 - 18:15 Digital
  • Tuesday 10.11. 16:45 - 18:15 Digital
  • Tuesday 17.11. 16:45 - 18:15 Digital
  • Tuesday 24.11. 16:45 - 18:15 Digital
  • Tuesday 01.12. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 15.12. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 12.01. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 19.01. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 26.01. 16:45 - 18:15 Digital

Information

Aims, contents and method of the course

This course provides an introduction to the theory of contracts and its applications. Many economic situations are characterized by informational asymmetry, i.e. by the fact that some party in an interaction has more information than the other. The aim of this course is to cover basic models with (and without) asymmetric information and understand its implications on decision making/incentive provision.

Among others, we will deal with the theoretical analysis of the following questions:

-Why do we engage in economic exchange?
-How exactly can and should an employer compensate its employees?
-What role does education play in the job market?
-Why do companies offer warranties on their products?
-What auction types are there and how does the optimal bid look like?
-How should a firm with market power price its products?

Assessment and permitted materials

Evaluation will be based on two written tests (mid and end-term), homework and active participation.

No formal requirements for this course. A general interest and willingness to study+understand contractual models in a formal way is required.

Minimum requirements and assessment criteria

Notice, that due to the particular course schedule (blocked) this semester, it is necessary to put in daily effort in order to prepare for the following sessions and exams.
Please note that all of your submissions may be checked for plagiarism using Turnitin.

Examination topics

Topics and methodology: Decision and game theory, constrained optimization, moral hazard, adverse selection (screening, signaling), bargaining, auctions.

Reading list

Association in the course directory

Last modified: Fr 12.05.2023 00:12