Introduction to Economic Design

Subject ECON90069 (2016)

Note: This is an archived Handbook entry from 2016.

Credit Points: 12.5
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2016:

May, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 05-May-2016 to 13-May-2016
Assessment Period End 10-Jun-2016
Last date to Self-Enrol 06-May-2016
Census Date 13-May-2016
Last date to Withdraw without fail 27-May-2016

June, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 01-Jun-2016 to 10-Jun-2016
Assessment Period End 10-Jul-2016
Last date to Self-Enrol 03-Jun-2016
Census Date 10-Jun-2016
Last date to Withdraw without fail 24-Jun-2016

Semester 1, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 29-Feb-2016 to 29-May-2016
Assessment Period End 24-Jun-2016
Last date to Self-Enrol 11-Mar-2016
Census Date 31-Mar-2016
Last date to Withdraw without fail 06-May-2016

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: 20 hours (10 x 2 hour workshops)
Total Time Commitment:

170 hours

Prerequisites: None
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Overview, Objectives, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this course are encouraged to discuss this matter with the Student Equity and Disability Support Team:


Mr Jun Xiao


School of Melbourne Custom Programs

Subject Overview:

This subject is the first of the market design program. The program is designed to offer opportunities for government professionals to extend their understanding of how economic design principles and mechanisms can improve a range of procurement and other resource allocation decisions. Economic design provides a valuable skillset for public policy professionals as they diagnose and explore a range of policy problems, as well as potential solutions. Economic design provides a framework to understand the strategic interactions between parties in a given environment. The course will introduce students to the design and maintenance of markets and other economic institutions: drawing upon game theory and its important applications in matching markets, auctions, and incentive design. A group of staff will be teaching the course. Each topic will be taught by the expert who has extensive experience in in both theory and practice.

This subject will comprise two modules. Module 1 ‘Introduction to Economic Design and understanding Strategic Behaviour’ provides an overview of the economics models to be presented in the course. Module 2 ‘Auctions and Secondary Markets’ will outline the role of these approaches to procurement and other government purchasing activities.

Learning Outcomes:

After completing this subject, participants should:

  • Understand the key theories and tools that form part of the economic design discipline
  • Be able to diagnose policy problems using an economic design framework in auctions and secondary markets
  • Identify potential mechanisms that could be used to solve problems in auctions and secondary markets and be able to explore some basic advantages/disadvantages of mechanisms.
  • Class participation which includes class discussion (6%) and participation in class experiments (6%) - 12%
  • Case study and reflection essay (4 x 1000 words) due 2 weeks after completion of each module - 88%
Prescribed Texts:

Background readings will be assigned before each lecture

Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:
  • Communication skills, written and verbal
  • Research skills in completing assignments
  • Teamwork skills in completing assignments
  • Analysis of relevant options for effective decision-making
Links to further information:
Related Course(s): Specialist Certificate in Economic Design

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