ECC3841 Network economics
Faculty of Business and Economics
ECC3841 Network economics is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 2 at Clayton. It needs ECC2000, ECF2731, ECB2731 or ECW2731.
- Credit points
- 6
- Offered in 2023
- Semester 2
- Clayton
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
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Requisites
Before ECC3841
Prerequisites
Pass these before you enrol.
After ECC3841
No unit lists ECC3841 as a prerequisite in the 2023 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
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 because they wish to be connected to other individuals for economic reasons, such as the benefits of collaboration, exchange and sharing of information.
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 in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish 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.
Workload and teaching
- Seminars24 hours
- Tutorials12 hours
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Where it fits
ECC3841 is part of 2 areas of study in the 2023 handbook.
Contacts
- Unit Coordinators
- Professor Yves Zenou
- Chief Examiners
- Associate Professor Arthur Campbell
Common questions
What are the prerequisites for ECC3841?
You need ECC2000, ECF2731, ECB2731 or ECW2731 before you enrol. Enrolment rules also apply.
When is ECC3841 offered?
In 2023, ECC3841 runs in Semester 2 at Clayton.
How much work is ECC3841?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC3841 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ECC3841?
ECC3841 is part of Economic analysis and Economics.