Overview

The explosive changes in our abilities to communicate over distances—spurred on by the evolution of communication technologies, coupled with the increased capabilities of the internet and social media—have made social networks very salient. An important reason for studying networks is to understand how networks affect behaviour. People often form relationships … For more content click the Read More button below. Network economics offers a tool for the analysis of the interaction of agents who are connected via a network and whose behaviours are influenced by those around them. This unit provides an introduction to network economics with an emphasis on real-world applications, including crime, education, labour, development economics, industrial organisation, political economy, financial economics, etc.

Offerings

S2-01-CLAYTON-ON-CAMPUS

Rules

Enrolment Rule

Contacts

Chief Examiner(s)

Associate Professor Arthur Campbell

Learning outcomes

On successful completion of this unit, you should be able to:
1.

identify real situations where network effects matter

2.

put a real situation with social interactions into game theoretical formalism

3.

propose adequate policies that are different when network effects matter and when they do not

4.

understand the impact of network structure on agents' behaviour.

Teaching approach

Active learning

Assessment

1 - Within semester assessment
2 - Examination

Scheduled and non-scheduled teaching activities

Lectures
Tutorials

Workload requirements

Workload