Course Information
FacultyEconomic and Political Sciences
Cycle / Level1st / Undergraduate
Teaching PeriodSpring
CoordinatorKonstantinos Papadopoulos
Course ID600003603

Programme of Study: UPS School of Economics (2013-today)

Registered students: 41
OrientationAttendance TypeSemesterYearECTS
OIKONOMIASElective Course belonging to the selected specialization (Elective Specialization Course)843

Class Information
Academic Year2016 – 2017
Class PeriodSpring
Faculty Instructors
Weekly Hours3
Class ID
Course Type 2016-2020
  • Scientific Area
Course Type 2011-2015
Specific Foundation / Core
Mode of Delivery
  • Face to face
General Prerequisites
It is desirable but not necessary that the student has attended classes of microeconomics, macroeconomics, international trade, finance, game theory, management, statistics/data analysis.
Learning Outcomes
After succesful completion of this class, thw students will be able to: - understand the methodology of experimental classroom design - design their own experiments - analyse the results of classroom experiments - compare their results with economic theory and practice - understand the role of economics as a discipline in behavioral sciences - understand the functioning of markets and firms, through active participation as decision makers in various classroom experiments
General Competences
  • Apply knowledge in practice
  • Retrieve, analyse and synthesise data and information, with the use of necessary technologies
  • Adapt to new situations
  • Make decisions
  • Work autonomously
  • Work in teams
  • Work in an interdisciplinary team
  • Generate new research ideas
  • Be critical and self-critical
  • Advance free, creative and causative thinking
Course Content (Syllabus)
Students will be asked to participate in a series of experiments as decision makers. There will be statistical analysis of experemental data and presentation of the relevant theory. Comparison of experimental results with theory predictions. In particular Week 01 : Introduction to Experimental Economics Week 02 : Experiment 01 Atttiude towards risk, measurement of risk aversion Week 03 : Experiment 02 The manager's contract, the principal-agent problem Week 04 : Experiment 03 Demand and Supply, free market allocation of resources versus centralised allocation Week 05 : Experiment 04 Auctions and asset markets Week 06 : Experiment 05 Bargaining Week 07 : Experiment 06 Coordination Week 08 : Experiment 07 Industrial Organization Week 09 : Experiment 09 Social Preferences, Altruism Week 10 : Experimental Design Methodology I Week 11 : Experimental Design Methodology II Week 12 : Presentation of students' experiments Week 13 : Presentation of students' experiments
classroom experiment, economic behavior
Educational Material Types
  • Notes
  • Slide presentations
  • Multimedia
Use of Information and Communication Technologies
Use of ICT
  • Use of ICT in Course Teaching
  • Use of ICT in Laboratory Teaching
  • Use of ICT in Communication with Students
On the elearning.auth.gr platform all material including experimental results will be available to students.
Course Organization
Written assigments240.9
Student Assessment
Participation in experiments is compulsory for this elective course. Compulsory assignment.
Student Assessment methods
  • Written Assignment (Summative)
Course Bibliography (Eudoxus)
Σημειώσεις του διδάσκοντα.
Additional bibliography for study
Experimental Economics: Volume I: Economic Decisions, P. Branas-Garza, A. Cabrales, 2015 Experimental Methods: A Primer for Economists, Daniel Friedman, 1995 Experimental Economics: How We Can Build Better Financial Markets, Ross M. Miller, Vernon L. Smith, 2005 Experimental Economics, Douglas D. Davis,Charles A. Holt, 1994 Experimental Economics: Rethinking the Rules, Nicholas Bardsley, 2009 Behavioral game theory: experiments in strategic interaction, Camerer Colin, 2003 Advances in Behavioral Economics Colin F. Camerer and George Loewenstein, 2003 The Handbook of Experimental Economics, John H. Kagel, Alvin E. Roth, 1995 Behavioural and Experimental Economics (The New Palgrave Economics Collection), S. Durlauf, L. Blume, 2009 The Methodology of Experimental Economics, Francesco Guala, 2005
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