Universität Wien

040202 KU Market Design: Theory and Applications (MA) (2022S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

service email address: opim.bda@univie.ac.at

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Thursday 03.03. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 10.03. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 17.03. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 24.03. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 31.03. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 07.04. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 28.04. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 05.05. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 12.05. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 19.05. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 02.06. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 09.06. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 23.06. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday 30.06. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Aims, contents and method of the course

This course is part of the module "Organization and Personnel II." The course introduces students to the world of Market Design, for which 4 Noble Prizes were given (2020, 2012, 2007, 1996). The course will consist of the theoretical part where we will analytically discuss the models and the applications part where we will see how the how theory is translated into practical solutions to real-world problems. In particular, we will discuss how results from auction theory, matching theory, mechanism design lead us to the use of spectrum auctions, internet ad auctions, kidney exchange programs, school assignment, etc.

Attendance:
Given the limited number of available places, I strongly recommend all of you interested in attending the course to attend the first introductory meeting, otherwise vacant places will be fulfilled.

Other information:
Other relevant information regarding the detailed structure of the course, office hours, suggested readings will be provided in class.

Assessment and permitted materials

Two exams: midterm and final.
The final grade is based on the total score which is the unweigthed average of the scores for two exam results.
Passing grades can generally not be earned by students who miss more than 10% of the total class time.

Conditional on legal and regulatory possibilities and the consent of the head of the faculty study programs, we strive to have examinations on-site. Students should therefore be advised to be available for such examinations. In case that this is possible, students who belong to one of the following groups,

Members of groups at increased risk according to legislation (acc. to the definition by the Federal Ministry of Labour, Social Affairs and Consumer Protection)
Students who work in healthcare and nursing
Students who live with persons belonging to risk groups or persons who work in healthcare of nursing in the same household
Students who care for persons belonging to risk group
Students who face restrictions on freedom of travel (regionally/nationally) or are self-isolating (quarantine) on the date of the exam/completion of the partial achievement
Students having care obligations who are indispensable due to the closure of schools or kindergartens, etc.,

should contact the group’s office ahead of time to arrange a different exam type. When contacting the office, they may be asked to provide proof/evidence.

Minimum requirements and assessment criteria

The basic knowledge of economic modeling and some prior knowledge of game theory will be helpful, although they are not required.

Examination topics

The midterm exam covers all material up to the exam date. The final exam covers all material of the course.

Reading list

In principal, slides should be enough. Additional readings:
1) Haeringer, Guillaume. Market design: auctions and matching. MIT Press, 2018.
2) Vulkan, Nir, Alvin E. Roth, and Zvika Neeman. The handbook of market design. OUP Oxford, 2013.

Association in the course directory

Last modified: Th 03.03.2022 15:47