EC 611 - Managerial Economics

Credits: 3

Managers need an intimate understanding of how incentive alignment affects outcomes when dealing with strategic agents given both symmetric and asymmetric information. This course introduces asymmetric information problems such as moral hazard, adverse selection, and signaling in the context of contracts. Additionally, the foundations of Game Theory are laid with advanced coverage of strategic interactions between firms/agents within imperfectly competitive markets. Students learn to solve for Nash Equilibria in Static and Dynamic games of complete and incomplete information.