Syllabus

Titel
2303 Contract Theory
LV-Leiter/innen
Univ.Prof. Dr. Christian Laux
Kontakt
  • LV-Typ
    PI
  • Semesterstunden
    2
  • Unterrichtssprache
    Englisch
Anmeldung
01.09.2019 bis 30.09.2019
Anmeldung über LPIS
Hinweise zur LV
Planpunkt(e) Doktorat/PhD
Termine
Wochentag Datum Uhrzeit Raum
Donnerstag 17.10.2019 09:00 - 13:00 D4.4.008
Donnerstag 31.10.2019 09:00 - 12:00 D4.4.008
Donnerstag 07.11.2019 09:00 - 12:00 D4.4.008
Donnerstag 14.11.2019 09:00 - 12:00 D4.4.008
Donnerstag 21.11.2019 09:00 - 12:00 D4.4.008
Donnerstag 28.11.2019 09:00 - 12:00 D4.4.008
Donnerstag 05.12.2019 09:00 - 13:00 D4.4.008

Inhalte der LV

Contract theory studies the design of contractual, legal, and organizational arrangements in the presence of asymmetric information. The conceptual tools of contract theory, focusing on moral hazard, adverse selection and screening problems, are applied to a broad set of topics, including the design of managerial incentive systems, financial contracts, financial regulation, financial reporting, as well as the allocation of control and decision rights.

 

Lernergebnisse (Learning Outcomes)

The objective of the course is to provide participants with the knowledge to understand and analyse theoretical papers on a broad range of information problems in finance and accounting. Topics include, for example, managerial compensation, earnings management, myopic investment, voluntary and strategic disclosure, financial stability, and covenants.

Regelung zur Anwesenheit

Attendance is mandatory

Lehr-/Lerndesign

The course consist of lectures, exercises, and paper discussions. 

  • I follow the book Contract Theory by Patrick Bolton and Mathias Dewatripont to develop the foundations of key concepts.
  • The lectures will be accompanied by problem sets, which I will distribute in class. We will discuss the solutions to some of the exercises in class.
  • Each student has to present one paper, which is assigned in the first session.

Leistung(en) für eine Beurteilung

Successful completion of the class requires active class participation, preparation and discussion of exercises, a paper presentation, and participation in a final exam. Participants are required to work through the relevant chapters in Contract Theory and selected papers. It is essential that all participants try to solve the exercises prior to the discussion of the solution in class. The final grade is based on:

  • Class participation 1/3
  • Paper presentation 1/3
  • Exam 1/3
Zuletzt bearbeitet: 19.09.2019



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