Matchings and Markets (ECON 688)

2020 Spring
Faculty of Arts and Social Sciences
Ahmet Alkan,
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Doctoral, Master
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Game theoretic analysis of the matching of individuals with other individuals or items, typically across two sides, as in marriage, university placement, employment, housing. Competitive cooperative solutions: existence, optimality order structures, constructive procedures; strategic properties; auctions, mechanisms; institution and market design.


Upon completion of this course, students should be able to:
1. Identify outcomes which are ?stable? or in ?competitive equilibrium? and provide proofs for their existence.
2. Describe the common-interest order (lattice) structure of stable and competitive equilibrium outcomes.
3. Describe procedures/algorithms (the Deferred Acceptance and Multi-object Auction) that find stable outcomes which are optimal for one side of the market.
4. Describe features which lead to ?assortative? outcomes.
5. Describe ?unravelling? and inefficiencies under imperfect information.
6. Explain the workings of an existing matching market (e.g., student university placement) and review desirable/undesirable aspects with reference to benchmark outcomes.
7. Blend tools and solution concepts of cooperative and noncooperative game theory.
8. Substantiate notions of economic design as ?mechanism/institution?, ?efficiency?, ?fairness?.
9. Visualize/analyze a ?market? with reference to abstract models.
10. Apply basic mathematical reasoning and give elementary proofs.


1. Develop and deepen the current and advanced knowledge in the field with original thought and/or research and come up with innovative definitions based on Master's degree qualifications

2. Conceive the interdisciplinary interaction which the field is related with ; come up with original solutions by using knowledge requiring proficiency on analysis, synthesis and assessment of new and complex ideas.

3. Evaluate and use new information within the field in a systematic approach.

4. Develop an innovative knowledge, method, design and/or practice or adapt an already known knowledge, method, design and/or practice to another field; research, conceive, design, adapt and implement an original subject.

5. Critical analysis, synthesis and evaluation of new and complex ideas.

6. Gain advanced level skills in the use of research methods in the field of study.

7. Contribute the progression in the field by producing an innovative idea, skill, design and/or practice or by adapting an already known idea, skill, design, and/or practice to a different field independently.

8. Broaden the borders of the knowledge in the field by producing or interpreting an original work or publishing at least one scientific paper in the field in national and/or international refereed journals.

9. Demonstrate leadership in contexts requiring innovative and interdisciplinary problem solving.

10. Develop new ideas and methods in the field by using high level mental processes such as creative and critical thinking, problem solving and decision making.

11. Investigate and improve social connections and their conducting norms and manage the actions to change them when necessary.

12. Defend original views when exchanging ideas in the field with professionals and communicate effectively by showing competence in the field.

13. Ability to communicate and discuss orally, in written and visually with peers by using a foreign language at least at a level of European Language Portfolio C1 General Level.

14. Contribute to the transition of the community to an information society and its sustainability process by introducing scientific, technological, social or cultural improvements.

15. Demonstrate functional interaction by using strategic decision making processes in solving problems encountered in the field.

16. Contribute to the solution finding process regarding social, scientific, cultural and ethical problems in the field and support the development of these values.

1. Develop the ability to use critical, analytical, and reflective thinking and reasoning

2. Reflect on social and ethical responsibilities in his/her professional life.

3. Gain experience and confidence in the dissemination of project/research outputs

4. Work responsibly and creatively as an individual or as a member or leader of a team and in multidisciplinary environments.

5. Communicate effectively by oral, written, graphical and technological means and have competency in English.

6. Independently reach and acquire information, and develop appreciation of the need for continuously learning and updating.

1. Develop a thorough knowledge of theories, concepts, and research methods in the field and apply them in research design and data analysis.

2. Assess the impact of the economic, social, and political environment from a global, national and regional level.

3. Know how to access written and visual, primary and secondary sources of information, interpret concepts and data from a variety of sources in developing disciplinary and interdisciplinary analyses.

1. Develop, interpret and use statistical analyses in decision making.

1. Construct reasoned arguments, synthesize relevant information, and critically analyze subject material.

2. Read and understand articles published in academic economics journals.

3. Come up with research questions about economic issues.

4. Construct a well-organized logical argument with clearly stated assumptions and hypotheses and, if necessary, be able to test or support it with relevant data.