Comparative Analysis on Benefits of Elective System at Universities Based on Triangle-dynamic-matching System

Research Article
Open access

Comparative Analysis on Benefits of Elective System at Universities Based on Triangle-dynamic-matching System

Xuan Wang 1*
  • 1 Nankai University    
  • *corresponding author 2011210@mail.nankai.edu.cn
Published on 10 November 2023 | https://doi.org/10.54254/2754-1169/29/20231375
AEMPS Vol.29
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-83558-079-0
ISBN (Online): 978-1-83558-080-6

Abstract

Nowadays, the development of education can improve the level of human capital and significantly promote economic development. As part of the education system, more and more students care about the college admissions, but few of them pay attention to the benefits of a good elective system, which also might influence their whole university life. Taking Chinese elective system as an example, the paper proposes a new elective system at universities with a specific formula: Triangle - dynamic - matching system, which combines the advantages the Auction mechanism, the Wharton Business School Mechanism and the Deferred acceptance algorithm with the true preferences of students, teachers and the school’s recommendation dynamically. Through the Systematic Literature Review and Analytical Method, the paper aims to analyse the benefits of a good elective system, its utility, the algorithm and problem in the elective system. This is a new system promising Pareto-efficiency and strategy proof, which might helps to save the school's human, material and financial resources, and greatly enhances the efficiency of students' course selection.

Keywords:

educational economics, triangle-dynamic-matching system, pareto-efficiency, auction mechanism

Wang,X. (2023). Comparative Analysis on Benefits of Elective System at Universities Based on Triangle-dynamic-matching System. Advances in Economics, Management and Political Sciences,29,151-156.
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References

[1]. Guo Wanchao, Xin Xiangyang. Easy to learn economics-Interpretation of 300 core economic terms [M]. University of International Business and Economics Press, Beijing 1st edition, January 2005, pp. 330-331.

[2]. Gale, D. & Shapely, L. (1962). College Admission and the Stability of Marriage. American Mathematical Monthly, 69, 9-15.

[3]. Abdulkadiroğlu, A. & Sönmez, T. (1998). Random Serial Dictatorship and the Core from Random Endowments in House Allocation Problems. Econometrica, 66(3), 689-701.

[4]. Erdil, A. (2014). Strategy-proof Stochastic Assignment. Journal of Economic Theory, 151, 146-162.

[5]. Hugh-Jones, D., Kurino, M. & Vanberg, C. (2014). An Experimental Study of the Incentives of the Probabilistic Serial Mechanism. Games and Economic Behavior, 87, 367-380.

[6]. Trifunovi D . The Review of Methods for Assignment of Elective Courses at Universities[J]. Economic Themes, 2019, 57(4):511-526.

[7]. Budish, E., & Cantillon, E. (2012). The Multi-unit Assignment Problem: Theory and Evidence from Course Allocation at Harvard. American Economic Review, 102(5), 2237-71.

[8]. Budish, E. (2011). The Combinatorial Assignment Problem: Approximate Competitive Equilibrium from Equal Incomes. Journal of Political Economy, 119(6), 1061-1103.


Cite this article

Wang,X. (2023). Comparative Analysis on Benefits of Elective System at Universities Based on Triangle-dynamic-matching System. Advances in Economics, Management and Political Sciences,29,151-156.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

ISBN:978-1-83558-079-0(Print) / 978-1-83558-080-6(Online)
Editor:Canh Thien Dang
Conference website: https://www.icemgd.org/
Conference date: 6 August 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.29
ISSN:2754-1169(Print) / 2754-1177(Online)

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References

[1]. Guo Wanchao, Xin Xiangyang. Easy to learn economics-Interpretation of 300 core economic terms [M]. University of International Business and Economics Press, Beijing 1st edition, January 2005, pp. 330-331.

[2]. Gale, D. & Shapely, L. (1962). College Admission and the Stability of Marriage. American Mathematical Monthly, 69, 9-15.

[3]. Abdulkadiroğlu, A. & Sönmez, T. (1998). Random Serial Dictatorship and the Core from Random Endowments in House Allocation Problems. Econometrica, 66(3), 689-701.

[4]. Erdil, A. (2014). Strategy-proof Stochastic Assignment. Journal of Economic Theory, 151, 146-162.

[5]. Hugh-Jones, D., Kurino, M. & Vanberg, C. (2014). An Experimental Study of the Incentives of the Probabilistic Serial Mechanism. Games and Economic Behavior, 87, 367-380.

[6]. Trifunovi D . The Review of Methods for Assignment of Elective Courses at Universities[J]. Economic Themes, 2019, 57(4):511-526.

[7]. Budish, E., & Cantillon, E. (2012). The Multi-unit Assignment Problem: Theory and Evidence from Course Allocation at Harvard. American Economic Review, 102(5), 2237-71.

[8]. Budish, E. (2011). The Combinatorial Assignment Problem: Approximate Competitive Equilibrium from Equal Incomes. Journal of Political Economy, 119(6), 1061-1103.