ACE 501
Fall 2026 All Classes
Credit: 4 hours.
Applications of the theory of economic behavior under uncertainty and asymmetric information. Analysis of individual decision making under uncertainty includes: tests of the expected utility hypothesis; comparative statistics of changes in risk preferences and risk; and moment based models of decision making. Analysis of economic equilibrium under uncertainty and asymmetric information includes tests for complete markets and applications of noncooperative game theory.
Prerequisite: Concurrent enrollment in ECON 500 and ECON 506.
Satisfies the ACE Ph.D. Core I requirement.