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EC5504: EXPERIMENTAL METHODS IN ECONOMICS (2015-2016)

Last modified: 25 Mar 2016 11:38


Course Overview

The purpose of this course is to expose students to the methodology of experimental economics and to give an overview of some of its uses in different areas of Economics, namely the functioning of markets, the effects of institutions on the decisions of economic agents, and to address public policy issues. This course will enable students to understand experimental methods in economics, to design simple economic experiments, and analyse results from experimental studies which investigate an economics-related research question. Topics will include the methodology of experimental economics, experimental markets, individual decision making and social interactions.

Course Details

Study Type Postgraduate Level 5
Session Second Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus None. Sustained Study No
Co-ordinators

Sorry, we don't have a record of any course coordinators.

Qualification Prerequisites

None.

What courses & programmes must have been taken before this course?

  • Either MRes Applied Economics (Studied) or MSc Applied Economics (Studied)
  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

The purpose of this course is to expose students to the methodology of experimental economics and to give an overview of some of its uses in different areas of Economics, namely the functioning of markets, the effects of institutions on the decisions of economic agents, and to address public policy issues. The course is designed so as to allow the student hands-on experience of participating in experiments. Topics will include the methodology of experimental economics, experimental markets, individual decision making and coordination games, how to use experimental methods to understand how markets work and how experimental methods can be used to improve the understanding of public policy issues, e.g. using experiments to evaluate market design.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers


Details, including assessments, may be subject to change until 31 August 2023 for 1st half-session courses and 22 December 2023 for 2nd half-session courses.

Summative Assessments

1st attempt: 1 two hour written examination (60%); continuous assessment (40%). Continuous assessment format: students will be asked to (i) prepare an oral presentation in groups (16%) (slides will be kept for external examiner review) and (ii) hand in a written assignment of maximum 2,000 words individually (24%). Resit: 1 two hour written examination (100%) capped at CAS 9.

Formative Assessment

There are no assessments for this course.

Feedback

None.

Course Learning Outcomes

None.

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