Spring 2022

Mechanism Design

Listed in: Economics, as ECON-470


Brian H. Baisa (Section 01)


Mechanism design uses game theory to design systems, institutions, and mechanisms to achieve desired outcomes. We will study the theory of mechanism design and how it is used to design auctions, tax schemes, and matching mechanisms. The course will approach these issues from a theoretical perspective and also examine real-world applications. Examples will include how Google sells advertising space, how medical students are matched to residencies, and how governments sell bonds. Students will read and discuss current research on these topics and also complete an independent research project related to the course material.

Requisite: ECON 301 or 420, MATH 211. Limited to 15 students. Spring semester. Professor Baisa. 

Students who enroll in this course will likely encounter and be expected to engage in the following intellectual skills, modes of learning, and assessment: Quantitative reasoning, writing analytical and theoretical economic papers, graphical analysis, regular readings, problem sets, and oral presentations. Students with documented disabilities who will require accommodations in this course should be in consultation with Accessibility Services and reach out to the faculty member as soon as possible to ensure that accommodations can be made in a timely manner.


2023-24: Not offered
Other years: Offered in Spring 2015, Spring 2018, Spring 2019, Spring 2022