Accessibility statement

Information and Institution Design - ECO00051H

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  • Department: Economics and Related Studies
  • Credit value: 20 credits
  • Credit level: H
  • Academic year of delivery: 2023-24
    • See module specification for other years: 2024-25

Module summary

The module covers the theory of and contemporary issues in the economics of information and institutional design.

Related modules

Pre-requisite modules

Co-requisite modules

  • None

Prohibited combinations

  • None

Module will run

Occurrence Teaching period
A Semester 2 2023-24

Module aims

To explore advanced topics and concepts representative of current research in microeconomic theory, particularly in the fields of information economics and institution design.

Module learning outcomes

The general learning objectives for the module can be summarised as:

  • The ability to develop and analyse formal models, in a variety of problems in information economics, social choice, matching and market design.

  • Understand the role of information in different markets and institutional frameworks.

  • Familiarity with the central techniques, concepts and issues of information economics and institution design, such as optimality, equilibrium, uncertainty, information, stability, efficiency and incentives.

Module content

Part 1 will cover topics in institutional design, including social choice and market design. Part 2 will cover topics in information economics.

Indicative assessment

Task % of module mark
Closed/in-person Exam (Centrally scheduled) 100

Special assessment rules

None

Additional assessment information

Formative assessment

  • Written feedback on two assignments (to be submitted for tutorials

  • Oral feedback during small-group tutorial sessions

Indicative reassessment

Task % of module mark
Closed/in-person Exam (Centrally scheduled) 100

Module feedback

Students will receive a score reflecting their performance in the exam. (If we ask them to hand in work for the seminars, they will also receive feedback on that.)

Indicative reading

“A Course in Microeconomic Theory” (D. M. Kreps)

“Market Design - Auctions and Matching” (G. Haeringer)

Selected articles


The information on this page is indicative of the module that is currently on offer. The University constantly explores ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary. In some instances it may be appropriate for the University to notify and consult with affected students about module changes in accordance with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.