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Georgetown University

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Detailed Course Information

 

Fall 2017
Oct 22, 2017
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ECON 408 - Economics of Information
In this course we will inspect a piece of the puzzle that has been mostly left out of the core courses in economics: Information.  Prices depend on individual preferences that are private information --- how does it come to pass that the competitive equilibrium price reflects this information?   In the stock market, individuals' decisions to buy or sell convey information about their estimate of a stock's value --- can such signaling account for stock market bubbles and crashes?  Slot machines have different payouts, but casino owners do not tell their customers what the payout is --- how should one optimally gamble when confronted with several different slot machines?

3.000 Credit hours
3.000 Lecture hours
0.000 Lab hours

Levels: MN or MC Graduate, Undergraduate
Schedule Types: Lecture

Economics Department

Course Attributes:
SFS/IECO Applied Courses

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Release: 8.7.2