This subject is an introduction to economic design, the interaction of modern economic theory, economic policy and experimental economics. The subject will cover mechanism design, auction theory, contract theory, and the fundamental results on the limits to efficiency in asymmetric information environments. The theory will be illustrated with case studies of recent policy applications of economic design techniques. -- Course Website
Prerequisites: Admission into BH-COM or BH-ARTS (Economics) and Subject Study Period Commencement: Credit Points: ECON40001 Advanced Microeconomics Semester 1 12.50