Modul
Market Engineering [M-WIWI-101446]
Credits
9Recurrence
Jedes SemesterDuration
1 SemesterLanguage
German/EnglishLevel
4Version
9Responsible
Organisation
- KIT-Fakultät für Wirtschaftswissenschaften
Part of
Bricks
Identifier | Name | LP |
---|---|---|
T-WIWI-102613 | Auction Theory | 4.5 |
T-WIWI-107501 | Energy Market Engineering | 4.5 |
T-WIWI-108880 | Blockchains & Cryptofinance | 4.5 |
T-WIWI-110797 | eFinance: Information Systems for Securities Trading | 4.5 |
T-WIWI-112823 | Platform & Market Engineering: Commerce, Media, and Digital Democracy | 4.5 |
T-WIWI-102614 | Experimental Economics | 4.5 |
T-WIWI-113160 | Digital Democracy | 4.5 |
T-WIWI-107503 | Energy Networks and Regulation | 4.5 |
T-WIWI-102640 | Market Engineering: Information in Institutions | 4.5 |
T-WIWI-111109 | KD²Lab Hands-On Research Course: New Ways and Tools in Experimental Economics | 4.5 |
T-WIWI-107504 | Smart Grid Applications | 4.5 |
Competence Certificate
The assessment is carried out as partial exams (according to Section 4 (2), 1-3 SPO) of the core course and further single courses of this module, whose sum of credits must meet the minimum requirement of credits of this module. The assessment procedures are described for each course of the module separately.
The overall grade of the module is the average of the grades for each course weighted by the credits and truncated after the first decimal.
Competence Goal
The students
- know the design criterias of market mechanisms and the systematic approach to create new markets,
- understand the basics of the mechanism design and auction theory,
- analyze and evaluate existing markets regarding the missing incentives and the optimal solution of a given market mechanism, respectively,
- develop solutions in teams.
Content
This module explains the dependencies between the design von markets and their success. Markets are complex interaction of different institution and participants in a market behave strategically according to the market rules. The development and the design of markets or market mechanisms has a strong influence on the behavior of the participants. A systematic approach and a thorough analysis of existing markets is inevitable to design, create and operate a market place successfully. the approaches for a systematic analysis are explained in the mandatory course Market Engineering [2540460] by discussing theories about mechanism design and institutional economics. The student can deepen his knowledge about markets in a second course.
Recommendation
None
Workload
The total workload for this module is approximately 270 hours. For further information see German version.