Accessibility statement

Information, Strategy and Institutions - ECO00089M

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  • Department: Economics and Related Studies
  • Module co-ordinator: Prof. Zaifu Yang
  • Credit value: 20 credits
  • Credit level: M
  • Academic year of delivery: 2024-25
    • See module specification for other years: 2023-24

Module summary

This module studies how information should be used, what strategies should be taken, how institutions and mechanisms can affect and shape people’s behavior and performance, and should be designed and improved, when information is private or public, resources are scarce, and concerned agents are rational but strategic.

Related modules

Advanced Microeconomics

Module will run

Occurrence Teaching period
A Semester 1 2024-25

Module aims

To help students understand

1. how to think about, analyze and predict the impacts of private or public information held by agents on their rational but strategic decision making;

2. how to think about what strategy or action should be taken under the given information and institutions and how to predict the possible outcome;

3. how to analyze various real-life economic, financial, political and social institutions as examples, how to improve existing institutions and how to design new institutions for tackling various problems.

This module will enhance students’ confidence and ability to use economic theories and methodologies to deal with a variety of real life economic, financial, political and social problems, and also give them the opportunity to be familiar with one of the most active and important economic research frontiers.

Module learning outcomes

On completing the module students will be able:

(1) to solve various problems concerning information,strategy, rules, regulations, institutions and mechanisms;

(2) to appreciate the logical structure of how to develop a rigorous microeconomic argument under certain informational structures;

(3) to understand how many real life economic, financial and social institutions operate and to know how to analyze their performance;

(4) to be acquainted with fundamental principles and techniques for evaluating the outcomes of various institutions and mechanisms.

Assessment

Task Length % of module mark
Closed/in-person Exam (Centrally scheduled)
Information, Strategy and Institutions		 3 hours 100

Special assessment rules

None

Reassessment

Task Length % of module mark
Closed/in-person Exam (Centrally scheduled)
Information, Strategy and Institutions		 3 hours 100

Module feedback

Feedback will be provided in line with University policy

Indicative reading

Arrow, K., 1963, Social Choice and Individual Values.

Roth, A., and M.Sotomayor, 1990, Two-Sided Matching.

Fudenberg, D and J.Tirole, 1991, Game Theory.

Krishna, V.,2010, Auction Theory.

Osborne and Rubinstein, 1990, Bargaining and Markets.

Relevant articles will be provided during the lectures.


The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.