Course Catalogue - Ashoka University

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Course Catalogue

Ashoka University’s undergraduate course curriculum is taught across three semesters: Spring, Summer and Monsoon (Fall). Courses are broadly divided into three categories – Foundation Courses (core curriculum), Major & Minor Courses and Co-Curricular Courses.

You may search courses offered at Ashoka here. Please use the drop down menu to choose the specific semester and subject to see the full list of courses under each department. Foundation courses are offered in all semesters and do not have prerequisites. Offerings in other categories differ in each semester. Some higher level major/minor courses may have prerequisites.

To view Summer Semester Courses-2024: Click here

Axiomatic Methods, Fair Division Problems and Welfare Economics

Code: ECO-3102-1

Faculty: Mihir Bhattacharya

1. Fair division problem: Proportional, uniform gains/losses and equal surplus/equal losses. Applications: mergers and acquisitions, bankruptcy problems and task scheduling problems. Axioms: merge-proof, split-proof, resource monotonicity, population monotonicity, envy-freeness and strategy-proofness. 

2. Topics in welfare economics: Cardinal models of interpersonal comparisons in the context of division problems. Welfarism and three methods: Utilitarian, Egalitarian (or Egalitarian*) and Nash's method for maximizing social welfare. Applications: u-equal sacrifice method of taxation, work-leisure allocation between two agents when the planner is utilitarian or egalitarian.

3. Cooperative game theory and bargaining theory: Shapley value and the Core and some results on their axiomatic properties. We will then discuss Nash's bargaining model and introduce the utilitarian, egalitarian, Nash's and the Kalai-Smorodinsky solution to the problem. Theorems from classic papers like Nash(1950) and Kalai(1977).

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