Design and Analysis of Mechanisms and Institutions - ECO00089M
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.
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 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.