Specialist Certificate in Economic Design
- On Campus (Parkville) or Off Campus
- Available to domestic and international students.
- Winter Intake - June, Winter Intake - July, and Spring Intake - November
Economic design provides a framework to understand the strategic interactions between parties in a given environment. The design and operation of markets and other economic institutions draws upon game theory and its applications in matching markets, auctions, and contract design. The specialist certificate is aimed at public policy makers as they diagnose and explore a range of policy problems, as well as potential solutions. Professionals with specific responsibility for procurement and other resource allocation roles will find the concepts and case studies especially valuable. The course comprises 2 x 12.5 point subjects or one 25 point subject depending on the chosen stream. The course will be taught by experts in their respective fields with extensive experience in theory and practice.
The program is designed to offer opportunities for government and industry professionals to extend their understanding of how economic design principles and mechanisms can improve a range of procurement and other resource allocation decisions. 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.