Economics

Social choice(ECON416)

Course Code Course Name Semester Theory Practice Lab Credit ECTS
ECON416 Social choice 6 3 3 3 3 5
Prerequisites
Admission Requirements
Language of Instruction French
Course Type Elective
Course Level Bachelor Degree
Course Instructor(s) Bilge ÖZTÜRK GÖKTUNA goktunabilge@gmail.com (Email)
Assistant
Objective This course is a deepening of knowledge in game theories and studies the design of the interaction between the agents in order to reach the desired social choices.
Content The course studies the design of the interaction of agents around three topics: social choice theory (collective decision-making and voting systems), mechanism design and auctions. The course ends with an introduction to social networks.
Course Learning Outcomes 1. Strategic approach to collective decision-making
2. Analysis of the behaviour of agents
3. Game theoretic formulation of voting systems, mechanisms and auctions
Teaching and Learning Methods The course begins with a study on social choice and follows with student presentations on voting systems, mechanisms and auctions.
References Yoav Shoham and Kevin Leyton-Brown, Multiagent Systems: Algorithmic, Game-Theoretic, and Logical Foundations Cambridge University Press, 2009.
Matthew O. Jackson A Brief Introduction to the Basics of Game Theory.
Matthew O. Jackson (2008) Social and Economic Networks, Princeton University Press.
Print the course contents
Theory Topics
Week Weekly Contents
1 Introduction et examples: Voting systems and difficulties with collective decision making
2 Arrow theorem
3 Gibbard-Satterthwaite and Muller-Satterthewaite theorems
4 Mechanism designs: applications
5 Revelation principle and transferable utility
6 Mechanism design as a problem of optimisation
7 Vickrey-Clarke-Growes mechanism (examples et limitations)
8 Auctions and revenue equivalence theorem
9 Social networks
10 Presentation
11 Presentation
12 Presentation
13 Presentation
14 Presentation
Practice Topics
Week Weekly Contents
Contribution to Overall Grade
  Number Contribution
Contribution of in-term studies to overall grade 1 50
Contribution of final exam to overall grade 1 50
Toplam 2 100
In-Term Studies
  Number Contribution
Presentation 1 40
Other 1 10
Toplam 2 50
No Program Learning Outcomes Contribution
1 2 3 4 5
Activities Number Period Total Workload
Class Hours 14 3 42
Working Hours out of Class 14 4 56
Presentation 1 15 15
Final Examinations (including preparation) 1 15 15
Total Workload 128
Total Workload / 25 5,12
Credits ECTS 5
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