The design of processes that efficiently allocate resources and foster exchange are crucial in society, organizations, personal interactions, and individual decision-making. Economic systems design is the scientific study of the design, development, testing, and understanding of economic institutions. Economic systems design explores problems in the design of allocation systems and provides a method to develop and test the properties of such systems. A minor in economic systems design prepares students to undertake the scientific process of understanding and developing systems of exchange and their incentives. The skills offered through this minor can be of use to e-commerce designers, policy analysts, systems designers, engineers, and computer scientists.
Policies
Eight credits of coursework must be unique to the minor and students must complete all coursework with a minimum GPA of 2.00. For policies governing all minors, see AP.5.3.4 Minors.
Minor Requirements
Total credits: 15
Students should be aware of the specific policies associated with this program, located on the Admissions & Policies tab.
Core Courses
| Code | Title | Credits |
|---|---|---|
| ECON 440 | Economic Systems Design: Principles and Experiments | 3 |
| ECON 441 | Economic Systems Design: Case Studies and Analysis | 3 |
| ECON 442 | Economic Systems Design: Implementation | 3 |
| Total Credits | 9 | |
Electives
Students can choose from the courses below or others chosen in consultation with the director of the minor.
| Code | Title | Credits |
|---|---|---|
| Select 6 credits from the following: | 6 | |
| Seminar in Management Information Systems | ||
| Deterministic Operations Research | ||
| Network Analysis | ||
| Human Factors Engineering | ||
| Introduction to Artificial Intelligence | ||
| Analysis of Algorithms | ||
| Environmental Economics | ||
| Law and Economics | ||
| Total Credits | 6 | |