EC951-7-AT-CO:
Economics of Incentives
2022/23
Economics
Colchester Campus
Autumn Special
Postgraduate: Level 7
Current
Thursday 06 October 2022
Friday 16 December 2022
20
31 May 2023
Requisites for this module
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MSC L104JS Management Economics
Students should come away with a good intuitive and formal understanding of the basics of contract theory, incentive theory, and the theory of the firm. They should understand how to apply these to real world issues in policymaking, finance, and management, how these fit into the broader economic models and discussion, and to use this in conducting research. In this context, they should be able to set up a simple formal model, understand its key assumptions and components, derive its predictions, explaining the intuition behind these results.
Students should come away with a good intuitive and formal understanding of the basics of contract theory, incentive theory, and the theory of the firm. They should understand how to apply these to real world issues in policymaking, finance, and management, how these fit into the broader economic models and discussion, and to use this in conducting research. In this context, they should be able to set up a simple formal model, understand its key assumptions and components, derive its predictions, explaining the intuition behind these results.
The students should attain a deeper understanding of the principles behind compensation schemes, and the trade-offs at play in setting incentives. They will also gain a broad understanding of key issues related to the scope of the firm that will be relevant to private enterprise decisions, merger analysis, and government procurement. The student will gain logical thinking skills, and the ability to build a model distilling the essence of the problem, abstracting from complications, but being aware of the costs of such simplifications. They will learn to discuss economic theory in plain language, relating this to real world issues and empirical data. This module incorporates literacy and numeracy skills, as well as research, and communication skills.
No additional information available.
A 2 hour lecture and a 1 hour class per week.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
Test |
|
|
| Exam |
Main exam: In-Person, Open Book, 120 minutes during January
|
| Exam |
Reassessment Main exam: In-Person, Open Book, 120 minutes during Summer (Main Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Dr Aditya Kuvalekar, email: a.kuvalekar@essex.ac.uk.
Lectures & Classes: Dr Aditya Kuvalekar
For further information, send an email message to pgteco@essex.ac.uk.
No
No
No
Dr Domenico Moro
university of Birmingham
Lecturer
Available via Moodle
No lecture recording information available for this module.
Economics
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