808SYL.02 - ECONOMICS 808 The Ohio State University...

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ECONOMICS 808 The Ohio State University Spring 2002 Department of Economics Classes: T, TH 1:30-3:18 (ARPS 387) Recitations: F 9:30-11:18 (SB 0210) F 1:30-3:18 (SB 0200) Prof. Dan Levin Prof. James Peck Rui Che Office: 443B Arps Office: 440 Arps Office: 310 Arps Tel. 688-4239 Tel. 292-0182 Tel. 292-1361 [email protected] [email protected] [email protected] Office Hours : (by appointment) Office Hours : M 3:30-5:00 W 3:30-5:00 (or by appointment) Office Hours : (by appointment) Course Website: http://www.econ.ohio-state.edu/jpeck/Econ808.htm Syllabus--Microeconomic Theory III Required Texts: Varian H., 1992, Microeconomic Analysis , New York and London, Norton, 3ed ed. Mas-Colell A., Whinston M. D., and Green J. R., 1995, Microeconomic Theory , Oxford. Recommended Texts: Kreps D., 1990, A Course in Microeconomic Theory , Princeton. Course Objectives: This course completes the topic of General Equilibrium theory, and introduces you to market failures such as asymmetric information, externalities, public goods, and agency problems. Topics include: General Equilibrium with production and with uncertainty; models of asymmetric information in markets, including screening, signaling, and lemons; markets with externalities or public goods; optimal contracts, principal-agent models with hidden actions, and principal-agent models with hidden information; mechanism design and the revelation principle; and auction markets. Course Requirements: There will be two exams, a midterm and a final. The final is not comprehensive (only material presented after the midterm). There will be 4-6 Problem Sets (PS), that you should turn in on the time instructed. The PS will be discussed in the Friday recitations.
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