UE1 Common courses - Microeconomics 3 - Information

The course introduces the theory of information, as it is used in microeconomics. I will first present models of decision under risk and uncertainty, and the role and value of information in economics. I will then review basic issues in the field of microeconomics: the theory of insurance, the theory of agency, the problems of adverse selection and moral hazard. Specific economic situations were these situations arise will be taken as examples.