Modulhandbuch (Module manual)

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M.184.5490 Seminar Information Economics
(Seminar Information Economics)

Koordinator (coordinator):	Prof. Dr. Burkhard Hehenkamp
Ansprechpartner (contact):	Alexander Koch (alexander.koch[at]uni-paderborn.de) Tahmina Faizi (tahmina.faizi[at]uni-paderborn.de)
Credits:	5 ECTS
Workload:	150 Std (h)
Semesterturnus (semester cycle):	WS
Studiensemester (study semester):	1-4
Dauer in Semestern (duration in semesters):	1

Lehrveranstaltungen (courses):
	Nummer / Name (number / title)	Art (type)	Kontaktzeit (contact time)	Selbststudium (self-study)	Status (P/WP) (status)	Gruppengröße (group size)
a)	K.184.54901 / Seminar Information Economics		30 Std (h)	120 Std (h)	P	30 TN (PART)
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Keine

Empfohlene Voraussetzungen (prerequisites):
Basic knowledge of game theory is helpful but not essential.

Inhalte (short description):
This master's course covers selected topics in Information Economics including fundamental as well as recent theories. This includes the theories of Adverse Selection, Signaling, Screening, Moral Hazard, Information Design and Bayesian Persuasion. You will learn about the role of information and how these affect economic decisions. Examples of applications of these theories are job interviews, the insurance market, marketing, court cases, political campaigns, etc. Each student explores, discusses, and presents a topic based on a scientific paper. Those papers will focus on theoretical approaches. Further information will be provided in the mandatory introductory session. Outline: (a) We start with one lecture session giving you a brief introduction into general theories and the topics of the scientific papers in the 1st week of the lecture period. (b) You pick an issue or a case and phrase a research question that you want to explore. This has to be submitted as a short proposal in the 5th week of the lecture period. (c) You write a research paper, which you submit in the 13th week of the lecture period. (d) You present your work to the class in the last or second to last week of the lecture period. (e) You discuss and provide constructive feedback on other students' topics in the last or second to last week of the lecture period.

Inhalte (short description):

This master's course covers selected topics in Information Economics including fundamental as well as recent theories. This includes the theories of Adverse Selection, Signaling, Screening, Moral Hazard, Information Design and Bayesian Persuasion. You will learn about the role of information and how these affect economic decisions. Examples of applications of these theories are job interviews, the insurance market, marketing, court cases, political campaigns, etc.

Each student explores, discusses, and presents a topic based on a scientific paper. Those papers will focus on theoretical approaches.

Further information will be provided in the mandatory introductory session.

Outline:

(a) We start with one lecture session giving you a brief introduction into general theories and the topics of the scientific papers in the 1st week of the lecture period.

(b) You pick an issue or a case and phrase a research question that you want to explore. This has to be submitted as a short proposal in the 5th week of the lecture period.
(c) You write a research paper, which you submit in the 13th week of the lecture period.
(d) You present your work to the class in the last or second to last week of the lecture period.
(e) You discuss and provide constructive feedback on other students' topics in the last or second to last week of the lecture period.

Lernergebnisse (learning outcomes):

Fachkompetenz Wissen (professional expertise):
Studierende... learn about the role of information and how these affect economic decisions acquire a deep understanding of fundamental and recent theories in Information Economics search independently for literature understanding of theoretical approaches
Fachkompetenz Fertigkeit (practical professional and academic skills):
Studierende... apply concepts from information economics phrase a research question and answer it learn how to address a research topic write and present your own scientific paper
Personale Kompetenz / Sozial (individual competences / social skills):
Studierende... learn how to give and receive constructive feedback
Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously):
Studierende... learn how to evaluate a research topic independently learn how to present and discuss scientific ideas present and discuss topics in information economics

Prüfungsleistungen (examinations)
Art der Modulprüfung (type of modul examination): Modulteilprüfungen
	Art der Prüfung (type of examination)	Umfang (extent)	Gewichtung (weighting)
a)	Hausarbeit	seminar paper (12 - 15 pages)	65.00 %
b)	Präsentation	20 minutes	35.00 %

Studienleistung / qualifizierte Teilnahme (module participation requirements)
Nein

Voraussetzungen für die Teilnahme an Prüfungen (formal requirements for participating in examinations)
Keine

Voraussetzungen für die Vergabe von Credits (formal requirements for granting credit points)
Die Vergabe der Credits erfolgt, wenn die Modulnote mindestens „ausreichend“ ist

Gewichtung für Gesamtnote (calculation of overall grade)
Das Modul wird mit der Anzahl seiner Credits gewichtet (Faktor: 1)

Verwendung des Moduls in den Studiengängen (The module can be selected in the following degree programmes)
M.Sc. International Business Studies M.Sc. Betriebswirtschaftslehre M.Sc. International Economics and Management M.Sc. Management M.Sc. Management Information Systems M.Sc. Taxation, Accounting and Finance M.Sc. Wirtschaftsinformatik M.Sc. Wirtschaftspädagogik M.Ed. Wirtschaftspädagogik

Umfang QT (participation requirements):

Lernmaterialien, Literaturangaben (learning material, literature):
- Ian Molho, The Economics of Information, Blackwell Publishers, Oxford 2003 - A.M. Spence, Market Signaling, Harvard University Press, Cambridge 1974- B. Hillier, The Economics of Asymmetric Information, MacMillan Press, Houndsmill, 1997 - L. Pholips, The Economic of Imperfect Information, University Press, Cambridge, 1989 - E. Rasmusen, Games and Information, Blackwell Publishers, Oxford 2007, 4th ed. - I. Macho-Stadler, J.D. Pérez-Castrillo, An Introduction to the Economics Information, Oxford, 2009

Lernmaterialien, Literaturangaben (learning material, literature):

- Ian Molho, The Economics of Information, Blackwell Publishers, Oxford 2003
- A.M. Spence, Market Signaling, Harvard University Press, Cambridge 1974- B. Hillier, The Economics of Asymmetric Information, MacMillan Press, Houndsmill, 1997
- L. Pholips, The Economic of Imperfect Information, University Press, Cambridge, 1989
- E. Rasmusen, Games and Information, Blackwell Publishers, Oxford 2007, 4th ed.
- I. Macho-Stadler, J.D. Pérez-Castrillo, An Introduction to the Economics Information, Oxford, 2009

Teilnehmerbegrenzung (participant limit):
30 Personen

Sonstige Hinweise (additional information):
Based on the chosen topics resp. scientific paper each student finds an own research question in information economics that is interesting and deserves further investigation. Each student hands in a 2–3 pages proposal that introduces the topic, motivates why it is interesting and important to address this question, and outlines how he/she intends to further examine his/her topic. In his/her seminar paper each student presents the outcome of his/her examination. In the introduction of his/her paper he/she states and motivates his/her topic resp. research question and outlines how he/she will proceed to examine this. In the main body of the paper he/she presents the outcome of his/her exploration. The final section summarizes his/her findings and draws further conclusions. Formalities for the seminar paper: 12-15 pages of text, 12pt font, DIN/A4 with 2.5 cm margins, line spacing 1.5, american quotation system (Harvard system). Each student presents his/her seminar paper to the class. Providing feedback to another student gives opportunity to study another case or issue and fosters the ability to phrase peer-feedback. teaching language: Englisch contact: wipo@wiwi.upb.de Students are selected according to the module selection regulations. Students who do not attend the first class meeting will be deregistered from the examination and the module. In case you are unable to attend the first meeting, please let us know by sending an e-mail to christiane.borghoff@upb.de before the first meeting. If you do not inform us beforehand, you will be expelled from the course.

Sonstige Hinweise (additional information):

Based on the chosen topics resp. scientific paper each student finds an own research question in information economics that is interesting and deserves further investigation. Each student hands in a 2–3 pages proposal that introduces the topic, motivates why it is interesting and important to address this question, and outlines how he/she intends to further examine his/her topic.

In his/her seminar paper each student presents the outcome of his/her examination. In the introduction of his/her paper he/she states and motivates his/her topic resp. research question and outlines how he/she will proceed to examine this. In the main body of the paper he/she presents the outcome of his/her exploration. The final section summarizes his/her findings and draws further conclusions.

Formalities for the seminar paper: 12-15 pages of text, 12pt font, DIN/A4 with 2.5 cm margins, line spacing 1.5, american quotation system (Harvard system).

Each student presents his/her seminar paper to the class.

Providing feedback to another student gives opportunity to study another case or issue and fosters the ability to phrase peer-feedback.

teaching language: Englisch

contact: wipo@wiwi.upb.de

Students are selected according to the module selection regulations. Students who do not attend the first class meeting will be deregistered from the examination and the module. In case you are unable to attend the first meeting, please let us know by sending an e-mail to christiane.borghoff@upb.de before the first meeting. If you do not inform us beforehand, you will be expelled from the course.

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