Objectives
In recent years, there has been growing recognition of the importance of understanding how real-world markets function and how people actually make decisions within them. Traditional economic models often assume full rationality, yet practitioners across the public and private sectors are increasingly turning to insights from behavioral economics and market design to better understand consumer behaviour, improve policy outcomes, and design more effective mechanisms—from auctions to incentive schemes.
The Graduate Certificate in Market Mechanisms and Behavioral Analysis is a response to the growing need for economists who can work in complicated decision-making situations with both analytical rigor and behavioral insight. The program was created by the Department of Economics at NUS. It builds on the department's strengths in behavioral economics, auction and mechanism design, and microeconomic theory. It is meant to do more than just teach students basic tools; it is also meant to show them how these tools work in the real world, such as in market design, policy evaluation, or strategic interaction. Microeconomics, Auctions and Market Design, and Applied Behavioral Economics are already popular electives in the Master of Social Sciences in Economics program.
This program is a good choice for people who want to learn skills that are in high demand in public policy, technology platforms, finance, and consulting but aren't quite ready to commit to a full Master's degree. It gives working professionals a useful way to improve their analytical skills and use economic reasoning to solve real-world problems that involve strategic interactions and human behavior.
