The course is conducted in English。Intensive courses。A required course for Ph.D. students. WED9,10 is the TA session. Prerequisites: ECON7009 (Introduction to Quantitative Methods).Intensive course (Week 9~ Week 16)

This class will introduce students to the problems of moral hazard and asymmetric information. We show how these forces can undermine the efficiency of markets and discuss how contracting can help address these problems. This class focuses on developing common tools, and draws applications from labor economics, industrial organization and public economics.

By the end of the course, students are expected to understand the basic toolkits of mechanism design and contract theory to formalize economic concepts and ideas.

Students are expected to understand undergraduate level Microeconomic theory and standard solution techniques for constrained optimization problems.

Please see the syllabus at https://www.dropbox.com/scl/fi/ww21hp7ga5fi4598q1wzh/syllabus_graduate_micro2B.pdf?rlkey=kz2ggl97ggmljqgnc6ki23d91&dl=0