ECON 2021Y(3) - ACTUARIAL ECONOMICS
Market structures. Pricing practices. Product differentiation. Industry Structure and Performance. Risk
Analysis. Economics of information. Adverse selection and moral hazards. Incomplete markets.
Principal-agent problem. Financial and labour markets. Commodity markets. Game theory, collusion and
contestable markets. Strategic Behaviour. Globalisation of markets. Property rights.
Consumption and investment. Government spending and borrowing. Fiscal policy. Money and financial
markets. Central banking and macroeconomic management. Labour market. Theories of business cycle.
Growth models. Structural adjustment. Harmonisation of fiscal, monetary, trade and exchange rate
policies.
