ECC3600 · Experimental economics

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 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

Assessment

The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. understand economic experiments as a scientific method
2. understand the scope of economic experiments
3. identify real situations in which experiments can be enlightening
4. design an experiment capturing a real situation.

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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.