Advanced Experimental and Behavioural Economics
| Code | School | Level | Credits | Semesters |
| ECON3085 | Economics | 3 | 20 | Spring Malaysia |
- Code
- ECON3085
- School
- Economics
- Level
- 3
- Credits
- 20
- Semesters
- Spring Malaysia
Summary
This module discusses aspects of some of the main sub-areas of experimental and behavioural economics. This includes applications related to individual decision-making, strategic behaviour and market behaviour. You do not need to have studied experimental or behavioural economics before 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. This module focuses on experimental markets, co-operative games, auctions, public good games and dynamic decisions.
Target Students
Undergraduate students in B.Sc. Economics and joint degrees involving Economics.
Classes
- One 1-hour tutorial each week for 4 weeks
- One 1-hour lecture each week for 10 weeks
- One 2-hour lecture each week for 9 weeks
Assessment
- 100% Exam 1 (2-hour): Written exam 2 hours
Assessed by end of spring semester
Educational Aims
The module aims to enable the participants to develop:The module encourages reflection on both 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.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.
Conveners
- Mahmood Ur-Rahman