Economics of Decision-Making Strategy

Catalog description

Credits 3. 3 Lecture Hours. Analysis of individual and strategic decision-making; develops formal models of choice under risk, uncertainty and interdependence; explores how preferences, information and incentives shape behavior and outcomes in competitive and cooperative settings; applies these concepts to the design and evaluation of mechanisms and institutions that govern exchange and allocation; topics may include auctions, matching, contract design, signaling, bargaining and repeated interaction. Prerequisites: Grade of C or better in ECON 323 .