Bachelor
2024/2025
Applied Market Design
Type:
Elective course (HSE/NES Programme in Economics)
Area of studies:
Economics
Delivered by:
Department of Theoretical Economics
Where:
Faculty of Economic Sciences
When:
3 year, 3 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Oleg Baranov
Language:
English
ECTS credits:
3
Contact hours:
36
Course Syllabus
Abstract
The class offers an introduction to market design, providing students with a broad overview of issues related to the design and analysis of market mechanisms. It defines a market as a demand and a supply, without specifying a price system or mechanism. This allows to analyze a broad set
of situations (including such unconventional markets as college admissions and organ donation) and forces students to pay attention to details that might otherwise be overlooked. Students often complain that microeconomics is too abstract and disconnected from reality; the study of market design shows how theory can help solve existing, real-life problems (i.e., "economist as engineer" approach). The class focuses on the interplay between theory and applications. To keep the class accessible to undergraduate students, special effort is made to minimize formal description of the models while emphasizing the intuition, with detailed explanations and resolution of examples.