Microeconomic Theory IV OpenCourseWare: A Free Online Graduate Study Course on Information Economics by MIT

Published Jan 31, 2009

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Graduate students who have a strong background in basic business practices and a solid understanding of economic theories should consider 'Microeconomic Theory IV' a free OpenCourseWare offered by MIT. This is a graduate-level course, that provides students with an introduction to topics in information economics, such as risk sharing, moral hazard, adverse selection and decision making amid uncertainty. This course can be considered an introduction to more detailed courses dealing wth contract theory.

Microeconomic Theory IV: Course Specifics

Degree Level Free Audio Video Downloads
Graduate Yes No No Yes

Lectures/Notes Study Materials Tests/Quizzes
No Yes No

Microeconomic Theory IV: Course Description

A number of basic concepts that underline business agreements are covered in this course. A thorough study of the field of information economics includes information on uncertainty choices, averse and moral hazards, and decision making strategies when faced with imperfect information. The course consists of 12 lectures that examine these and other subjects. Graduate students who complete this course will have a solid foundation for future studies in contract theory. This course is taught by Professor Bengt Holmstrom, of MIT, who recommends three texts dealing with microeconomic topics.

No lecture notes or exams are available, but four homework assignments are available for free download, along with a list of suggested readings. If you're interested in taking this free graduate economics course, visit the microeconomic theory IV page.

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