Experimental economics uses experimental methods to evaluate the performance of economic models, institutions and policies. Behavioural economics combines experimental and field evidence with insights from neighbouring disciplines such as psychology, to develop richer economic models of decision-making. This unit will develop the key research methods and major findings of each of these fields, and explore both theoretical and practical implications. Students will read a number of seminal research papers in both experimental and behavioural economics, and will have opportunities to participate in classroom experiments.
1x2hr lecture/week, 1x1hr tutorial/week
1x1hr15min mid-semester test (25%), 1x1000wd written assignment (25%), 1x2hr final exam (50%)
ECOS2001 or ECOS2901