AEP-31806 Economic Analysis of Coordination

Course

Credits 6.00

Teaching methodContact hours
Individual Paper2
Lecture16
Tutorial18
Independent study
Course coordinator(s)dr. LKE Dries
Lecturer(s)dr. LKE Dries
dr. MJJ Handgraaf
dr. ir. JHM Peerlings
Examiner(s)dr. LKE Dries
dr. ir. JHM Peerlings
dr. MJJ Handgraaf

Language of instruction:

English

Assumed knowledge on:

Institutional Economics and Economic Organization Theory, Microeconomics.

Contents:

The focus of this course is on the study of institutions to overcome coordination problems. The characterizing feature of such problems is that cooperation between individuals would lead to efficient outcomes, but that this efficient outcome can only be reached if adequate institutions are in place. Without a suitable institutional environment, deviating from the efficient cooperative outcome is rational for individuals. As a result, transactions will not be undertaken and economic growth will be hampered. Our interest lies with the structure and features of organizations that mitigate such economic coordination problems. Content-wise the course will rely heavily on the concepts and theories that were introduced in the course aep-20806 (Institutional Economics and Economic Organization Theory). This course will add to aep-20806 by emphasizing the empirical applications. To this end, students are also advised to have a thorough background in microeconomic thinking and calculations.

Learning outcomes:

After successful completion of this course, students are expected to be able to:
- apply theoretical knowledge gained in aep-20806, and refreshed in aep-31806, to current topics in the world of business, development, natural resource management, and other;
- make calculations based on quantitative models applied to economic coordination problems;
- understand the use of and interpret experiments in the analysis of coordination problems;
- interpret the results of econometric analyses in the field of economic coordination;
- distinguish advantages and disadvantages of different methodological approaches for the analysis of economic coordination problems;
- write a research proposal within the field of economic coordination that identifies a clear research objective, a suitable theoretical approach and a clear methodological design.

Activities:

- attending lectures and studying the materials;
- writing an essay;
- practical sessions with modelling exercises;
- writing a paper based on experiments performed;
- writing a research proposal.

Examination:

- essay (25%);
- tests (25%);
- individual paper (25%);
- research proposal (25%).
Each of the 4 components requires a minimum mark of 5.0 to pass.

Literature:

Required reading: See course guide
The course is supported by a Blackboard site

ProgrammePhaseSpecializationPeriod
Compulsory for: BEBEconomics and GovernanceBSc6AF
MinorPeriod
Compulsory for: WUECPBSc Minor Economics and Policy6AF