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
Requisites
Prerequisite
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