Design & Analysis of Mechanisms & Institutions - ECO00055M
- Department: Economics and Related Studies
- Credit value: 10 credits
- Credit level: M
- Academic year of delivery: 2022-23
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Spring Term 2022-23 |
Module aims
To show students how to analyse various real-life economic mechanisms or institutions such as auctions or double auctions. To illustrate how to improve existing institutions and how to design new mechanisms or institutions for tackling various economic problems.
To enhance students confidence and ability of using economic theories and methodologies to deal with a variety of real life economic problems.
To give students the opportunity to know and be familiar with one of the most active and important economic research frontiers.
Module learning outcomes
On completing the module students will be:
able to understand how many real-life economic mechanisms or institutions operate and to know how to analysze the performance of such mechanisms.
familiar with fundamental principles and techniques for evaluating the outcomes of various economic institutions or mechanisms.
Indicative assessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100 |
Module feedback
Feedback will be given in line with University guidelines
Indicative reading
Arrow, K., Social Choice and Individual Values, Wiley, 1963.
Krishna, V., Auction Theory, Academic Press 2002.
Roth, A., and M. Sotomayor, Two-Sided Matching, CUP, 1990.