Experimental and Behavioural Economics - ECO00054H
- Department: Economics and Related Studies
- Credit value: 20 credits
- Credit level: H
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Academic year of delivery: 2024-25
- See module specification for other years: 2023-24
Module summary
Experimental and Behavioural Economics teaches a method of data generation where this is otherwise difficult and shows how this method can be used to test orthodox against unorthodox economic models.
Related modules
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Semester 2 2024-25 |
Module aims
Experimental and Behavioural Economics will consider both traditional theories and models of economics as well as alternative theories, for example by relaxing orthodox assumptions. This module will link theory with empirical implications and aims to provide an insight into the contribution of experimentation to modern economics.
Module learning outcomes
On successful completion of the module, a student will understand:
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what areas and aspects of economics -- behavioural or otherwise -- can be subject to experimentation
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the kind of information that can be provided by experiments
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the main methodological issues in designing and running an experiment
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through the group project assessment, a student will have some significant experience of working as a researcher
Module content
The module covers first a journey through different areas of economics where experimentation typically is used (such as markets, rationality, other-regarding preferences, finance etc). Then it takes a perspective through method and design choices (e.g. what types of subjects are used, how data is extracted via choices etc).
Indicative assessment
| Task | % of module mark |
|---|---|
| Essay/coursework | 10 |
| Essay/coursework | 90 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Essay/coursework | 90 |
Module feedback
Students will receive a mark on their 10% first assessment point and extensive written feedback for the group project (this covers all sections of their project).
Indicative reading
The reading comprises all the papers which we cover in the lectures (where each lecture covers a topic, going over one or several papers in that topic).