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Market Design Social Sciences Program Spring 2024 Semester - Budapest

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Market Design

Market Design Course Overview

OVERVIEW

CEA CAPA Partner Institution: Corvinus University of Budapest
Location: , Hungary
Primary Subject Area: Marketing
Instruction in: English
Course Code: OPR U03
Transcript Source: Partner Institution
Course Details: Level 300
Recommended Semester Credits: 3
Contact Hours: 45

DESCRIPTION

School choice, college admissions, entry-labour markets, auctions, courseallocations and organ exchanges are all examples for matching markets, where money does not necessaryhas a role. The task of a market designer is to set rules and construct allocation mechanisms so that theresulting solution is fair and in some sense optimal with regard to the true preferences of the participants.Grace to the easiness of collecting the preferences of the participants and the computational toolsavailable to obtain the desired solutions, many large scale centralised matching schemes have beenestablished in the past decades across the world. Our course will give insight into the topic of marketdesign motivated by real applications with theoretical background from applied economics, game theory,operations research and computer science.

Corvinus University of Budapest awards credits based on the ECTS system (2 ECTS credits equals 1 U.S. credit therefore, 6 ECTS credits is equivalent to 3 U.S. credits). At Corvinus University of Budapest, all classes meet for a minimum of 180 minutes per week. Contact hours are calculated through a combination of lecture hours and outside activities which can include (workshops, seminars, fieldwork activities, guest lectures, and independent work) therefore, contact hours may vary on syllabi.

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