EXPERIMENTAL ECONOMICS

Course Information
TitleΠΕΙΡΑΜΑΤΙΚΑ ΟΙΚΟΝΟΜΙΚΑ / EXPERIMENTAL ECONOMICS
Code12ΕΗ10
FacultyEconomic and Political Sciences
SchoolEconomics
Cycle / Level1st / Undergraduate
Teaching PeriodSpring
CoordinatorKonstantinos Papadopoulos
CommonYes
StatusActive
Course ID600003603

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

Registered students: 56
OrientationAttendance TypeSemesterYearECTS
OIKONOMIASElective Course belonging to the selected specialization (Elective Specialization Course)843
DIOIKĪSĪ EPICΗEIRĪSEŌNElective Courses843

Class Information
Academic Year2019 – 2020
Class PeriodSpring
Faculty Instructors
Weekly Hours3
Class ID
600147337
Course Type 2016-2020
  • Scientific Area
Course Type 2011-2015
Specific Foundation / Core
Mode of Delivery
  • Face to face
Erasmus
The course is also offered to exchange programme students.
Language of Instruction
  • Greek (Instruction, Examination)
  • English (Examination)
  • French (Examination)
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 : Demand and Supply Week 03 : Free market allocation of resources versus centralised allocation Week 04 : Auctions and asset markets I Week 05 : Auctions and asset markets II Week 06 : Bargaining I Week 07 : Bargaining II Week 08 : Coordination Week 09 : Industrial Organization Week 10 : Experiment 09 Social Preferences, Altruism Week 11 : Experimental Design Methodology I - Introduction to Z-tree Week 12 : Experimental Design Methodology II - Introduction to Z-tree Week 13 : Revision
Keywords
classroom experiment, economic behavior, behavioral economics
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
ActivitiesWorkloadECTSIndividualTeamworkErasmus
Lectures602.1
Written assigments240.9
Total843
Student Assessment
Description
Participation in experiments is compulsory for this elective course. Compulsory assignment.
Student Assessment methods
  • Written Assignment (Summative)
  • Performance / Staging (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
27-01-2020