Courses Master Display 2019-2020

Course Description To PDF
Course title Market Design
Course code EBC4242
ECTS credits 5,0
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
5 15-4-2020 7-6-2020 X X
Level Advanced
Coordinator Christian Seel
For more information: c.seel@maastrichtuniversity.nl
Language of instruction English
Goals
The first goal is to become familiar with key theories of market design, including aspects of matching theory, implementation theory, auctions, and mechanism design. The second goal to study prominent real life examples of market design.
Description
Many markets have evolved spontaneously, shaped by various economic forces. This course is devoted to markets that have instead been created, engineered, or designed. Online auctions such as eBay is one example of such markets. Another group of examples are the mechanisms designed to allocate students to universities or children to schools. Such markets and mechanisms have been designed to serve a specific goal. Thus online auctions usually serve the purpose of revenue maximization. University admission mechanisms strive to attain a stable and fair matching of students to universities. The course covers aspects of matching theory, implementation theory, auctions, and mechanism design. These ideas are illustrated by prominent examples of market design such as the Boston mechanism of school choice and spectrum auctions.
Literature
Prerequisites
Advanced Microeconomics (EBC4232) or equivalent.
Keywords
Teaching methods PBL / Lecture / Assignment
Assessment methods Participation / Assignment / Presentation
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Economics - Market Regulation and Design Compulsory Course(s)
Master Economics - No specialisation Elective Course(s)
SBE Exchange Master Master Exchange Courses