|Area of Study||Type of Course||Level of Study|
|Business and economics||Award||Specialist Certificate|
|Course||Specialist Certificate in Economic Design - Melbourne|
|Partner Faculty||Faculty of Business and Economics|
|Course Description||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. 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 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.
|Delivery Mode||Face to Face and Online (via LMS)|
|Who Should Apply||The program is aimed at public policy professionals|
The course comprises of two subjects totalling 25 credit points:
This subject introduces four key elements;
ECON90070 Advanced Topics in Economic DesignThis subject explores four advanced economic elements:
1. ‘Contracts and Matching Mechanisms’ and
2. A capstone experience exploring antitrust and collusion behaviours.
|Assessment||Each of the eight topics in the course has participatory, experimental and written assessments. |
For each topic two written assessments are required to be completed outside of the classroom:
|Pathways to Further Study||Further studies maybe achieved through a number of postgraduate programs offered by the Faculty of Business and Economics, including a first year of a Masters.|
|Entry Requirements||In order to be considered for entry, applicants must have prerequisites: |
The minimum English language requirements for this course are Band 6.5.
|Course Fees||$8040 ($4020 per subject)|
|FEE HELP||If you are an Australian citizen, you may be eligible for the Australian Government’s FEE-HELP loan program, a scheme that helps you defer all or part of your tuition fees. |
Fee-Help is a loan from the Australian Government to cover tuition fees and is available to Australian Citizens only.
|Key Dates||Opening and Close dates to be advised|
|Additional Information||Existing University of Melbourne Masters of Econonic students are eligible to enrol in these 2 subjects ECON90069 and ECON90070 please contact the Porgram Coordination or your Course Coordinator for further information about this process.|
|Delivery Dates and Times||Stream 1 |
3 and 6 July 2017
10 and 13 July 2017
17 and 20 July 2017
24 and 27 July 2017
4 and 7 July 2017
11 and 14 July 2017
18 and 21 July 2017
25 and 28 July 2017
|Delivery Venue||Venue to be confirmed|