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This entry is from Winter semester 2016/17 and might be obsolete. You can find a current equivalent here.

M-INST/TIE — Theoretical Institutional Economics
(dt. Theoretical Institutional Economics)

Level, degree of commitment Specialization module, compulsory elective module
Forms of teaching and learning,
workload		 Lecture, tutorials,
180 hours (Contact hours: 56 hours Study time: 56 hours Time for exam preparation: 68 hours)
Credit points,
formal requirements		 6 CP
Translation missing. German original:
- Written examination (120 min.) or - Written examination (60 min./ 3 credit points) + Essay (3 credit points) Overall grade: Grade point average
Language,
Grading		 English,
The grading is done with 0 to 15 points according to the examination regulations for the degree program M.Sc. Economics and Institutions. Im Falle des Nichtbestehens stehen für die Prüfung insgesamt 0 Versuche zur Verfügung.
Duration,
frequency		 One semester,
each semester
Person in charge of the module's outline N.N.

Contents

Information economics and mechanism design are the branch of institutional economics that uses mathematical modelling techniques. This module acquaints students with models of moral hazard and adverse selection and with mechanisms that are built to overcome the corresponding inefficiencies.


Qualification Goals

Students learn to master models of institutions and to apply them to real-life questions. They become familiar with techniques of designing institutions based on a theoretical analysis of individual objectives and behavioral constraints.


Prerequisites

None


Applicability

Module imported from M.Sc. Economics and Institutions.

When studying M.Sc. Business Mathematics, this module can be attended in the study area Specialization Modules.

Die Wahlmöglichkeit des Moduls ist dadurch beschränkt, dass es dem Schwerpunkt Economics zugeordnet ist.


Recommended Reading

(not specified)



Please note:

This page describes a module according to the latest valid module guide in Winter semester 2016/17. Most rules valid for a module are not covered by the examination regulations and can therefore be updated on a semesterly basis. The following versions are available in the online module guide:

The module guide contains all modules, independent of the current event offer. Please compare the current course catalogue in Marvin.

The information in this online module guide was created automatically. Legally binding is only the information in the examination regulations (Prüfungsordnung). If you notice any discrepancies or errors, we would be grateful for any advice.