Written By: Zuleykha Gasimova
The scale of impact COVID-19 has had on global economies calls to mind the effects of previous major recessions that have reshaped the economy and the views on governments’ role in navigating crises.
All posts by Zuleykha Gasimova
What is Economics of Information?
Article Written by Zuleykha Gasimova
Introduction
Economics of Information is a field of microeconomic theory which studies how the imperfect allocation of information affects economic analysis. If we examine the Neoclassical Theory, one of its main assumptions is that everyone has access to the same information (complete information) and everyone has perfect information about the prices of goods and services in the economy (perfect information).