Advanced Certificate in Market Design Fundamentals
-- ViewingNowThe Advanced Certificate in Market Design Fundamentals is a comprehensive course that equips learners with critical skills in market design, a rapidly growing field that applies economic principles to design and improve markets and public policies. This course is essential for professionals seeking to advance their careers in various industries, including technology, finance, and public policy.
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Here are the essential units for an Advanced Certificate in Market Design Fundamentals:
• Market Mechanism Design: This unit will cover the design of market mechanisms, including auction design and matching markets, and how to optimize them for different contexts.
• Game Theory and Market Design: This unit will explore the intersection of game theory and market design, including how to use game theory to design markets that incentivize desirable behaviors.
• Incentive Compatibility in Market Design: This unit will focus on incentive compatibility in market design, including how to design markets that align the incentives of buyers and sellers.
• Market Design and Information Economics: This unit will examine the role of information in market design, including how to design markets that elicit truthful revelation of preferences and how to handle asymmetric information.
• Experimental Methods in Market Design: This unit will cover experimental methods for evaluating market designs, including how to design experiments that can provide insights into market behavior.
• Market Power and Regulation: This unit will explore market power and regulation, including how to design markets that mitigate market power and promote competition.
• Market Design for Social Good: This unit will examine the use of market design to promote social good, including how to design markets that address social challenges such as poverty, inequality, and environmental degradation.
• Algorithmic Game Theory and Market Design: This unit will explore the role of algorithmic game theory in market design, including how to design algorithms that can optimize market outcomes and prevent gaming of the system.
• Behavioral Market Design: This unit will cover behavioral market design, including how to incorporate insights from behavioral economics into market design to better align with human behavior and promote desirable outcomes.
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