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The Economics of Search and Matching
Aarhus University
AU Summer University| Application Deadline: | 15 March | ||
| Tuition Fee: | ≈ € 336 - ≈ € 530 (non-EEA) | ||
| Location: | Aarhus / Denmark / View location on map ▾ Hide location on map ▴ | ||
| Duration: | 5 days | Start Date: | August |
| Educational Form: |
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| Education Variants: |
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| Credits (ECTS): | 5 | ||
| Languages: | English | ||
Location of Aarhus University
Search and matching problems are central to many economic questions regarding markets and social interactions. These questions range from figuring out the reasons for wage inequality to understanding why money is valued.
Search and matching problems also introduce important trade-offs at the individual level - for example a woman might face a choice between a marriage with a less than ideal partner, in order to share the burden of early child rearing, or to wait for a better match with the associated costs of delaying her fertility.
The decision to accumulate and develop firm specific human capital is a related (and much more market oriented) example. Department of Economics and Business.
Level - Master
Date 20-24 August
Lecturers
John Kennes, Aarhus University
VENUE DESCRIPTION
AU Summer University will take place on campus in the architecturally renowned yellow-brick buildings in the beautiful university park.
At the venue you will have access to a helpdesk and service centre. You find our Main Help Desk in the International Centre and the opening hours are 08.30-15.00 from Monday to Friday.
The International Centre is the central hub for all international and PhD activities at Aarhus University, and in the same building you find Dale's Café. Here you can buy sandwiches, coffee, snacks, and beers. With its informal lounge area this is the ideal place to relax and hang out with your fellow Summer University students.
Contents
Qualification description
The students should be able to:
* Formulate problems of search and matching, then solve and analyze them.
* Describe several alternative theories of search and matching and explain the difference
between them.
* Reflect on the relevance of the theoretical analysis to the real world.
Course objective
This course offers an advanced introduction to the economics of search and matching.
We give a broad overview of the field but we also focus on recent advances
within two active research areas: the theory of directed search and the theory
market design applied to optimal assignment mechanisms. The main lectures over
5 days are titled as follows.
* A primer on exchange and cooperative game theory
* A primer on preferences and decision making in a collective unit.
* Directed search
* The DMP (Diamond-Mortensen-Pissarides) model
* Block recursivity of frictional assignment equilibrium
* Money and memory
* The Gale-Shapley algorithm
* The top trading cycles algorithm
* School assignment
* Kidney exchange
IELTS
You are normally required to take an English Proficiency Test.
Most European Universities recognise the IELTS test.
Take testRequirements
Students coming as Free-movers/non-Partner students (EU and non-EU students who do not have a bilateral partnership agreement with Aarhus University) applying for AU Summer University courses must apply by using the online form attached to each individual course. Afterwards you must hand in the required documentation for your university studies. Please remark that all freemovers are obliged to pay participation fees where as tuition fees only apply to freemovers from countries outside the EU/EEA/Switzerland.
Requirements:
1. You are expected to have the same requirements that apply to regular students. Freemovers therefore need to provide documentation for their subject levels in applicable subjects. Mathemathics if applying for courses offered by the School of Business and Social Science. Mathematics, chemistry, and physics if applying for courses offered by Faculty of Science and Technology.
2. If you are applying for admission to AU Summer University courses at Master level, you must hold a relevant Bachelor's degree (Or as a minimum 180 ECTS in your study programme)
3. An English test as you are expected to have a high level of English proficiency
English language requirements - 'English B' and 'English A'
English language requirements for applicants with a non-Danish/Nordic entry qualification.
According to the Danish Ministry of Science's Order no. 181 on Admission to Danish Universities, and the Danish Ministry of Education’s Order no. 239 on Admission to Higher Education in Denmark (The Admission Order), all applicants must, as a minimum, document English language qualifications comparable to an "English B level" in the Danish upper secondary school (Gymnasium). A few courses require 'English A', which is one level higher than 'English B'.
English language qualifications can be documented as follows:
TOEFL:
English B – Test results of at least 560 (paper-based) or 83 (internet-based test)
English A – Test result of at least 600 (paper-based) or 100 (internet-based test)
IELTS:
English B – Test results with a minimum score of 6.5 points
English A – Test results with a minimum score of 7.0 points
Cambridge/Oxford:
English B – Certificate in Advanced English (CAE)
English A – Certificate of Proficiency (CPE)
CEFR validated English language course:
English B – C1 level
English A – C2 level
”Native speakers” with an English taught qualifying exam (including applicants from USA, Canada, Australia, New Zealand and Great Britain). Applicants from all other countries (including African and Asian countries, where the exam has been taught in English) must submit a test.
Danish/Nordisk entrance examination
With an English level the Danish Agency for International Education considers comparable to a Danish B/A level in English.
Additional Requirements
| Minimal degree required: | Bachelor's degree |
| Minimal amount of work experience | Not specified |
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