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14 NQF credits at HEQSF level 8

Course entry requirements: ECO4006F, ECO4007F and ECO4016F for Economic Honours students. PPE (and other) students who do not have to complete the core as part of their degree requirements may be granted permission to register for this elective at the discretion of the Head of Department.

Course outline:

This course is an introduction to the methodology of experimental economics and its application to specific topics such as decision making under risk and over time, the provision of public goods, and bargaining. We will primarily focus on laboratory experiments but we will also cover field experiments, and briefly discuss evaluations, and natural experiments. The course will start with a consideration of the scope and role of experiments in economics. It then explores principles of experimental design such as the role of and control in experimentation, the use of incentives, and the interplay of theory, experimental design, and statistics. Thereafter we will focus on specific examples of experiments from both decision theory and game theory.

Lecture times: Friday: 09h00-10h45

DP requirements: None.

Assessment: Coursework consisting of pre-class experiment (10%), class presentation (20%) and assignment (35%): 65%; examination 35%.

Last updated : 18 Apr 2018

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