Course Code & Number
ECON 406
Course Title
Experimental Economics
Credit Hours/ ECTS Credits
(3+0+0) 3 TEDU Credits, 6 ECTS Credits
Mode of Delivery:
Face-to-face
Language of Instruction:
English
Pre-requisite / Co-requisite::
Pre-requisites: NONE
Co-requisites: NONE
Catalog Description
Use of experiments to study individual and interactive (strategic) decision-making. Choice over risky alternatives, altruism and reciprocity, allocation and information aggregation in competitive markets. Cooperation and collusion, bidding in auctions, strategy in coordination.
Course Objectives
This course introduces the subject matter, methods, and results of experimental economics. The course will stress the interaction of theory and experiment, seeking to relate questions in the theory of markets, games, and decisions to issues in experimental design and the analysis and interpretation of results. The course covers experiments on decision making under risk, bargaining, bounded rationality, collective action, social norms, cultural influences, and market behavior.
Software Usage
Students will use MS Office applications (Word, Excel, and PowerPoint) and a Statistical or Experimental Software to work on their assignments/case study/research review, presentations and written projects.
Course Learning Outcomes
After a successful finishing of the course, the student should be able to
1) Acquire comprehensive and detailed knowledge of experimental methods in economics
2) Explain the major issues involved in design and interpretation of economic experiments
3) Demonstrate knowledge of how experimental economics has contributed to the economics literature in specific areas.
4) Evaluate behavioural insights and theoretical predictions from experiments run in the lab and the field
5) Explain the differences between behavioral economics and the traditional methods of analysis
6) Write and present a literature review relevant to a specific experiment
Learning Activities and Teaching Methods:
Telling/Explaining
Discussion/Debate
Questioning
Reading
Demonstrating
Problem Solving
Collaborating
Case Study/Scenarion Analysis
Video Presentations
Oral Presentations/Reports
Web Searching
Experiments
Assessment Methods and Criteria:
Test / Exam
Oral Questioning
Case Studies / Homework
Presentation (Oral/Poster)
Others
Assessment Methods and Criteria Others:
Experiments
Required Reading
1. Holt. C. A., Markets, Games, & Strategic Behavior. Addison Wesley Longman, Boston, 2006.
Learning Activities and Teaching Methods Others:
Course Coordinator:
Tekin Köse
Student Workload:
| Workload |
Hrs |
| Course Readings |
36 |
| Hands-on Work |
12 |
| Exams/Quizzes |
24 |
| Case Study Analysis |
12 |
| Oral Presentation |
15 |
Course & Program Learning Outcome Matching:
