Course Details in 2020/21 Session

Module Title	LM Risk, Uncertainty and Information
School	Birmingham Business School
Department	Birmingham Business School
Module Code	08 28063
Module Lead	Dr Michalis Drouvelis
Level	Masters Level
Credits	10
Semester	Semester 2
Pre-requisites
Co-requisites
Restrictions	None
Exclusions
Description	The module deals with questions of how economic agents make decisions in situations under risk and uncertainty. Topics discussed may include: foundations of expected utility theory and its applications, violations of expected utility axioms, alternative models and their applications, measurement of social preferences using a number of simple experimental games and their policy implications.
Learning Outcomes	By the end of the module students should be able to: demonstrate comprehensive knowledge and understanding of models and their application in a variety of decision making situations; demonstrate a critical understanding of concepts such as equilibrium and uncertainty; critically analyse current issues of decision-making and their applications.
Assessment
Assessment Methods & Exceptions	Assessments: 2 hour written examination (100%) Reassessment: 2 hour examination (100%)
Other
Reading List