Advanced Experimental and Behavioural Economics
| Code | School | Level | Credits | Semesters |
| ECON3028 | Economics | 3 | 20 | Spring UK |
- Code
- ECON3028
- School
- Economics
- Level
- 3
- Credits
- 20
- Semesters
- Spring UK
Summary
This module discusses aspects of some of the main sub-areas of experimental and behavioural economics. This potentially includes applications related to individual decision-making, strategic behaviour and market behaviour. You do not need to have studied experimental or behavioural economics before taking this module because all topics will be introduced at a level that will be accessible to the newcomer. The module is, nevertheless, suitable as a sequel to the year two module Experimental and Behavioural Economics because the contents of the two modules cover distinct, but complementary, topics.
The module encourages reflection on the role of experiments in economics and the assumptions that economics does (and should) make about people’s motivations. Both experimental economics and behavioural economics are still comparatively new fields within the wider discipline. The module considers their potential and main achievements, relative to more traditional economic techniques. It encourages development of critical skills and reflection on specific research contributions in experimental and behavioural economics.
Target Students
Available for final year Undergraduate students on Economics degree programmes (including final year students on the BA Jt Hons Politics and Economics and BSc Jt Hons Mathematics and Economics degrees). Not available for Exchange students.
Classes
This module is delivered through a combination of lectures and tutorials.
Assessment
- 100% Exam (2-hour): Exam
Assessed by end of spring semester
Educational Aims
The aims of the module are:To develop understanding of principles of experimental design in experimental economics and understanding of behavioural economics.To illustrate differenttypes of experiment that can be undertaken in Economics and to enable students to understand their designs and purposes and to assess their strengths and weaknesses.To acquaint students with some central findings of the experimental research programmes considered and to encourage consideration of their broader implications for economics, as well as their contribution to behavioural economics.Learning Outcomes
Emphasised learning outcomes from the study of this module are:
A. Knowledge and Understanding:
A6: Extensive knowledge and skills in specific specialisms in economics.
B. Intellectual Skills:
B2: Reason logically and work analytically.
B4: Be able to frame analysis of problems, identifying which parameters should be taken as fixed and why they might change.
C. Professional/Practical Skills:
C2: Understand the sources and content of economic data and evidence, as well as appropriate methods of analysis.
C3: Be familiar with differing approaches to analysing a given economic problem and the history and development of economic ideas.
D. Transferable/Key Skills:
D2: Communicate effectively and clearly in written and oral formats.