ECC3600 - Experimental economics

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Overview

This unit offers an introduction to experimental economics, its methods, applications, and scope to understand and affect everyday behaviour. Economic experiments have become a popular tool to test economic theory and to understand the causes for individual decisions, social decisions, and behaviours in markets. In this unit we provide examples … For more content click the Read More button below.

This unit offers an introduction to experimental economics, its methods, applications, and scope to understand and affect everyday behaviour. Economic experiments have become a popular tool to test economic theory and to understand the causes for individual decisions, social decisions, and behaviours in markets. In this unit we provide examples on how economic experiments are useful to advance theory and predict economic decision-making. In addition, we provide you with the knowledge on how to design, conduct, and apply economic experiments.

Offerings

S1-01-CLAYTON-ON-CAMPUS

Requisites

Prerequisite

Rules

Enrolment Rule

Contacts

Chief Examiner(s)

Professor Klaus Abbink

Learning outcomes

On successful completion of this unit, you should be able to:

understand economic experiments as a scientific method

understand the scope of economic experiments

identify real situations in which experiments can be enlightening

design an experiment capturing a real situation.

Teaching approach

Active learning

Assessment

1 - Within semester assessment

2 - Examination

Scheduled and non-scheduled teaching activities

Lectures

Tutorials

Workload requirements

Workload

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.