ECON 395 - Topics in Microeconomics and Microeconomic Policy
Winter 2014, Section 001 - Auction Design
Instruction Mode: Section 001 is (see other Sections below)
Subject: Economics (ECON)
Department: LSA Economics
See additional student enrollment and course instructor information to guide you in your decision making.


Waitlist Capacity:
Class Misc Info:
Meets Wednesday, January 08, 2014-Tuesday, April 22, 2014. (Drop/Add deadline=Tuesday, January 28, 2014.).
Enforced Prerequisites:
ECON 101 (completed with a minimum grade of C or better).
Advisory Prerequisites:
ECON 102 (unless ECON 101 completed with B or higher).
May be repeated for a maximum of 6 credit(s). May be elected more than once in the same term.
Primary Instructor:


The theory of games is providing greater and greater insights for economists into the complex problem of how to design market institutions. An area where game theory has proved especially useful is in the design of auction mechanisms. The auction is becoming increasingly useful in modern commerce, having been applied to environments as diverse as the IPO market, the sale of online advertising space, allocation of tradable emissions permits, procurement of franchises, allocation of permits to use broadcast frequencies as well as the ubiquitous eBay. We will examine some of the theoretical ideas that explain the usefulness of auctions in these environments, and explore some of the complex design problems that market makers face when designing a new auction.


ECON 395 - Topics in Microeconomics and Microeconomic Policy
Schedule Listing
001 (LEC)
 In Person
Th 8:30AM - 10:00AM
003 (LEC)
 In Person
TuTh 8:30AM - 10:00AM

Textbooks/Other Materials

The partner U-M / Barnes & Noble Education textbook website is the official way for U-M students to view their upcoming textbook or course material needs, whether they choose to buy from Barnes & Noble Education or not. Students also can view a customized list of their specific textbook needs by clicking a "View/Buy Textbooks" link in their course schedule in Wolverine Access.

Click the button below to view and buy textbooks for ECON 395.001

View/Buy Textbooks


Syllabi are available to current LSA students. IMPORTANT: These syllabi are provided to give students a general idea about the courses, as offered by LSA departments and programs in prior academic terms. The syllabi do not necessarily reflect the assignments, sequence of course materials, and/or course expectations that the faculty and departments/programs have for these same courses in the current and/or future terms.

Click the button below to view historical syllabi for ECON 395 (UM login required)

View Historical Syllabi

CourseProfile (Atlas)

The Atlas system, developed by the Center for Academic Innovation, provides additional information about: course enrollments; academic terms and instructors; student academic profiles (school/college, majors), and previous, concurrent, and subsequent course enrollments.

CourseProfile (Atlas)