ECON434

The Economics of Information and Uncertainty

Prerequisite: 1 course with a minimum grade of C- from (ECON306, ECON326); and 1 course with a minimum grade of C- from (ECON230, BMGT230, ECON321, STAT400). Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics Bachelor of Science). Credit only granted for: ECON498U or ECON434. Formerly: ECON498U. How do rational agents make decisions when faced with uncertainty? How do markets and other institutions deal with risks? How do markets behave when some actors are better informed than others? What incentives influence whether economic decision-makers hide or reveal information? Topics include the value of information, the purchase of warranties, agency problems in management, adverse selection and moral hazard in insurance, and signaling in education.

Past Semesters

Richard Stahnke

0 reviews
Average rating: N/A

Include P/F semesters During the Spring 2020 and Spring 2021 semesters, students could choose to take some of their courses pass-fail mid-semester which skews grade data aggregated across multiple semesters.

Average GPA of 3.28 between 39 students*

A-: 15.38%

A: 17.95%

B-: 7.69%

B: 35.9%

B+: 17.95%

C+: 5.13%

* "W"s are considered to be 0.0 quality points. "Other" grades are not factored into GPA calculation. Grade data not guaranteed to be correct.