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Institut für Finanzwissenschaft Institut für Finanzwissenschaft

Priv.-Doz. Dr. Francesco Feri Priv.-Doz. Dr. Francesco Feri

404051

PS Angewandte Wirtschaftstheorie: Managerial Economics

PS 2

2,5

Positive Beurteilung des Pflichtmoduls gemäß § 6 Abs. 3 Z 1 Grundlagen der Volkswirtschaft und des Pflichtmoduls gemäß § 6 Abs. 3 Z 2 Theorie ökonomischer Entscheidungen: Strategisches Verhalten

wöch.

jährlich

Englisch

To be able to analyze organization’s structures and to solve organizational problems. To be able to identify the best firm’s policies.

A systematic treatment of the economics of the modern firm, this course draws on the insights of a variety of areas in modern economics and other disciplines, but presents a coherent, consistent, innovative treatment of the central problems in organizations of motivating people and coordinating their activities. The focus of this course will be on the structure of the incentives that firms use in their activities; in particular the course presents the basic principal-agent theory with complete contracts. It allows a first exposition of the transaction costs created by contracting under asymmetric information. A first part of the course presents the basic mathematical tools to study the theory of incentives (maximization with inequality constraints).

Lectures

Written exams

“The theory of incentives”, J. J. Laffont and D. Martimort “Mathematical methods for economic theory: a tutorial”, Martin J. Osborne (sections 4, 5, 6, 7)

Anmeldungsvoraussetzungen für Bachelorstudierende (C 033 571): Positive Beurteilung des Pflichtmoduls gemäß § 6 Abs. 3 Z 1 Theorie ökonomischer Entscheidungen 1: Märkte und Preise und des Pflichtmoduls gemäß § 6 Abs. 3 Z 2 Theorie ökonomischer Entscheidungen 2: Strategisches Verhalten
Beginn: 17.03.2009, 13:00 Uhr, UR 1