EXPERIMENTAL ECONOMICS
| Title | ΠΕΙΡΑΜΑΤΙΚΑ ΟΙΚΟΝΟΜΙΚΑ / EXPERIMENTAL ECONOMICS |
| Code | 12ΕΗ10 |
| Faculty | Social and Economic Sciences |
| School | Economics |
| Cycle / Level | 1st / Undergraduate |
| Teaching Period | Winter |
| Coordinator | Konstantinos Papadopoulos |
| Common | Yes |
| Status | Active |
| Course ID | 600003603 |
Programme of Study: UPS School of Economics (2013-today)
Registered students: 9
| Orientation | Attendance Type | Semester | Year | ECTS |
|---|---|---|---|---|
| OIKONOMIAS | Elective Course belonging to the selected specialization (Elective Specialization Course) | 8 | 4 | 3 |
| DIOIKĪSĪ EPICΗEIRĪSEŌN | Elective Courses belonging to the other | 8 | 4 | 3 |
| Academic Year | 2017 – 2018 |
| Class Period | Spring |
| Faculty Instructors | |
| Weekly Hours | 3 |
| Class ID | 600098901
|
Class Schedule
| Building | Αμφιθέατρο ΝΟΕ |
| Floor | Όροφος 1 |
| Hall | ΑΙΘΟΥΣΑ 1 (159) |
| Calendar | Πέμπτη 18:00 έως 21:00 |
Course Type 2016-2020
- Scientific Area
Course Type 2011-2015
Specific Foundation / Core
Mode of Delivery
- Face to face
Digital Course Content
- e-Study Guide https://qa.auth.gr/en/class/1/600098901
- At the Website of the School: http://users.auth.gr/kpap/indexfiles/exp/exp.htm
- eLearning (Moodle): https://elearning.auth.gr/course/view.php?id=8706
Prerequisites
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
Keywords
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
Description
On the elearning.auth.gr platform all material including experimental results will be available to students.
Course Organization
| Activities | Workload | ECTS | Individual | Teamwork | Erasmus |
|---|---|---|---|---|---|
| Lectures | 66 | 2.4 | |||
| Written assigments | 24 | 0.9 | |||
| Total | 90 | 3.2 |
Student Assessment
Description
Participation in experiments is compulsory for this elective course. Compulsory assignment.
Student Assessment methods
- Written Assignment (Summative)
Bibliography
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
Last Update
06-06-2016
