Course guide of Microeconomics 4 (2261134)

Having passed the subjects on Mathematics and Microeconomics of the previous semesters

• Nash equilibrium: Basic concepts
• Economics of information
• Repeated games

• Students will be able to understand and model the strategic behavior of different agents.
• Students will be able to understand the principal-agent problem.

• Lesson 0. Introduction.
• Lesson 1. Basic concepts.
• Lesson 2. Decision under uncertainty
• Lesson 3. Base model
• Lesson 4. Moral hazard
• Lesson 5. Adverse election

• Lesson 0. Introduction.
• Lesson 1. Basic concepts.
• Lesson 2. Decision under uncertainty
• Lesson 3. Base model
• Lesson 4. Moral hazard
• Lesson 5. Adverse election

• Macho-Stadler, I, Pérez.Castrillo, D. (2001): An introduction to the economics of information. OUP Oxford.

• Bolton, P., Dewatripoint, M. (2004) Contract Theory. MIT Press.
• Gibbons, R. (1992) A primer in Game Theory. Pearson

• Final exam, 70%. This exam will be a multiple choice test. Wrong answers will penalize.
• Group assessment, 15%. It will be a presentation on applications of some of the models analyzed during the course.
• Student participation, 15%. Student’s active participation will be evaluated according to her performance, behavior, quantity and quality of his comments/questions, etc.

In order to pass the subject, it is required to get a grade higher or equal to 3 (out of 10) in the final exam. Otherwise, the global mark will be "non passed", with the numeric grade resulting from the minimum between 2.5 and the weighted sum of the three components of the assessment.

This exam will be a multiple choice test. Wrong answers will penalize. The grade of this assessment will be the mark obtained in this exam.

This exam will be a multiple choice test. Wrong answers will penalize. The grade of this assessment will be the mark obtained in this exam.

The Department of Economic Theory and History, in accordance with the Regulations for the attention to students with disabilities and other specific educational support needs (approved by the Governing Board of the University of Granada on 20th September 2016) will promote the right to education under conditions of equal opportunities to students with disabilities and other specific educational support needs. The necessary assistance actions will be established to achieve their full and effective inclusion, guaranteeing their right to inclusive education, in accordance with the principles of non-discrimination, equal opportunities and universal accessibility, so that they can achieve the maximum possible development of their personal and , in any case, the objectives established in general for all students.

The information in this guide may be modified due to supervening circumstances, changes in regulations or new guidelines that may be given by the health authorities, the University, or the School of Economics and Management.

Información de interés para estudiantado con discapacidad y/o Necesidades Específicas de Apoyo Educativo (NEAE): Gestión de servicios y apoyos (https://ve.ugr.es/servicios/atencion-social/estudiantes-con-discapacidad).

Información de interés para estudiantado con discapacidad y/o Necesidades Específicas de Apoyo Educativo (NEAE): Gestión de servicios y apoyos (https://ve.ugr.es/servicios/atencion-social/estudiantes-con-discapacidad).