Courses NonDegree Display 2017-2018

Course Description To PDF
Course title Social Choice Theory
Course code EBC4005
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
2 30-10-2017 22-12-2017 X X
Level Intermediate
Coordinator Ton Storcken
For more information: t.storcken@maastrichtuniversity.nl
Language of instruction English
Goals
In this course the student will learn to formally analyse collective decision rules w.r.t. various aspects such as anonymity, Pareto-optimality, neutrality, and strategy-profess.
Description
In collective decision-making (e.g., elections) the rules and procedures used to arrive at a decision may have a considerable impact on the final result. Different rules may lead to different decisions. In this course such rules are studied. In particular, desirable properties like Pareto-optimality and non-manipulability are investigated.
Some topics are:
- voting schemes for two alternatives, theorem of May;
- voting schemes for more than two alternatives, score rules, veto rules;
- Condorcet winners, dictatorial rules, anonymity, neutrality, positive association, impossibility theorems of Arrow, Gibbard and Satterthwaite;
- location problems;
- strategy-proof division;
- implementation.
Literature
Lecture notes.
Prerequisites
A mathematic level comparable to a BSc Econometrics & Operations Research meets the prerequisites.
Exchange students need to have obtained a Bachelor degree and an advanced level in mathematics.
An advanced level of English.
Teaching methods PBL / Lecture
Assessment methods Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Economic and Financial Research Track Econometrics Electives
Master Economic and Financial Research Track Econometrics Track Econometrics Core Courses
Master Economic and Financial Research Electives
Master Econometrics and OR Econometrics & OR Electives
Master Econometrics and OR Mathematical Economics
SBE Exchange Master Master Exchange Courses
SBE Non Degree Courses Master Courses