Economics

Experimental Economics: Markets, Games And Strategic Behaviour

Module code: L1097
Level 6
15 credits in autumn semester
Teaching method: Lecture, Seminar
Assessment modes: Computer based exam, Coursework

The purpose of the course is to introduce you to the idea that economics, like all of the natural sciences, can be a laboratory science. You will study the role laboratory experiments can play in testing economic theories, as well as suggesting new ones. This will be achieved through a series of topics in experimental economics, including market experiments, individual decision making experiments, and game theory experiments.

Module learning outcomes

• Demonstrate understanding of the methodological foundations of experimental economics, including designing controlled economic environments, and the issues of internal and external validity.
• Demonstrate familiarity with common experimental design practices in economics and finance as reflected in the topics covered on this module.
• Understand and evaluate experimental design and experimental results reported in the experimental economics literature.