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Design and Analysis of Mechanisms and Institutions - ECO00089M

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  • Department: Economics and Related Studies
  • Module co-ordinator: Prof. Zaifu Yang
  • Credit value: 20 credits
  • Credit level: M
  • Academic year of delivery: 2023-24
    • See module specification for other years: 2024-25

Module summary

To provide a solid foundation of analysing, designing and improving economic and social mechanisms and institutions for an efficient, fair, stable, and sustainable society.

Module will run

Occurrence Teaching period
A Semester 2 2023-24

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.

Assessment

Task Length % of module mark
Closed/in-person Exam (Centrally scheduled)
Design and Analysis of Mechanisms and Institutions		 3 hours 100

Special assessment rules

None

Reassessment

Task Length % of module mark
Closed/in-person Exam (Centrally scheduled)
Design and Analysis of Mechanisms and Institutions		 3 hours 100

Module feedback

Feedback will be provided in line with University policy

Indicative reading

Arrow, K., 1963, Social Choice and Individual Values

Krishna, V.,2010, Auction Theory

Roth, A., and M.Sotomayor, 1990, Two-Sided Matching

Many articles will be provided during the lectures.


The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.