Course Information
Course title
 Microeconomic Theory (Ⅱ) B 
Semester
 111-2 
Designated for
 COLLEGE OF SOCIAL SCIENCES  GRADUATE INSTITUTE OF ECONOMICS  
Instructor
 JUNROK PARK 
Curriculum Number
 ECON8813 
Curriculum Identity Number
 323EM0840 
Class
  
Credits
 2.0 
Full/Half
Yr.
 Half 
Required/
Elective
 Required 
Time
 第9,10,11,12,13,14,15,16 週
Monday 7,8,9(14:20~17:20) Wednesday 9,10(16:30~18:20) 
Remarks
 Restriction: MA students and beyond OR Restriction: Ph. D students
The upper limit of the number of students: 20. 
  
Course introduction video
 
Table of Core Capabilities and Curriculum Planning
 Table of Core Capabilities and Curriculum Planning
Course Syllabus
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Course Description

This class will introduce students to the problems of moral hazard and asymmetric information. We show how these forces can undermine the efficiency of markets and discuss how contracting can help address these problems. This class focuses on developing common tools, and draws applications from labor economics, industrial organization and public economics. 

Course Objective
 By the end of the course, students are expected to understand the basic toolkits of mechanism design and contract theory to formalize economic concepts and ideas.  
Course Requirement
 Students are expected to understand undergraduate level Microeconomic theory and standard solution techniques for constrained optimization problems. 
Student Workload (expected study time outside of class per week)
 In total, five hours per week. Two hours to review the class material and three hours to solve problem sets. 
Office Hours
 Tue. 09:10~10:00 
Designated reading
 Microeconomic Theory, Was-Collel, Whinston and Green
Lectures in Contract Theory, Segal and Tadelis (Online notes)
Contract Theory, Bolton and Dewatripont
An Introduction to the Theory of Mechanism Design, Borgers and Krahmer 
References
  
Grading
  
No.
Item
%
Explanations for the conditions
1. 
 Problem set 1 
5% 
  
2. 
 Problem set 2 
5% 
  
3. 
 Problem set 3 
5% 
  
4. 
 Problem set 4 
5% 
  
5. 
 Problem set 5 
5% 
  
6. 
 Final exam 
75% 
 2023/06/05, in class, three hours, closed book 
7. 
  
0% 
  
 
Progress
Week
Date
Topic
Week 9
 2023/04/17  Market failures, Moral hazard 
Week 10
 2023/04/24  Moral hazard 
Week 11
 2023/05/01  Moral hazard 
Week 12
 2023/05/08  Moral hazard, Dynamic contracts 
Week 13
 2023/05/15  Dynamic contracts 
Week 14
 2023/05/22  Asymmetric information 
Week 15
 2023/05/29  Asymmetric information 
Week 16
 2023/06/05  Final exam