Experimental Economics 2400-M2EE
These classes are experimental economics workshops and are intended for people who want to know the experimental approach in economics and are going to use experimental methods in their research (eg in a master's thesis). This course is also a way to present economic knowledge based on experimental methods. Presented economic issues have also a didactic value and can be used by students as a method of presenting economic knowledge through experience.
Suggested topics for experiments:
1) Testing the rationality paradigm
2) How does the market work? Double Oral Auction of Vernon Smith
3) Monopoly and price discrimination
4) Oligopolistic competition
5) Models of product competition of the Hotelling model
6) Auctions
7) Public Goods
8) External effects and mechanisms limiting the effects of their occurrence
Type of course
Prerequisites (description)
Course coordinators
Learning outcomes
KNOWLEDGE
Student:
• knows the problems of the methodology of economics and understands the change that has taken place in the perception of economics after the introduction of experimental methods.
• knows an experimental approach to the study of socio-economic phenomena using laboratory or computational experiments.
• knows the software necessary to create laboratory or computational experiments CRAN, MAXIMA, NetLogo S2A_W06
SKILLS
Student:
• can determine the principles of conducting an economic experiment by accepted research procedures. Can conduct an economic experiment with the help of available software.
• can analyze basic economic texts independently and critically.
• can translate between observable behaviours and the theory of economics.
• can use the available software to conduct your own research.
SOCIAL COMPETENCE student:
• is critical of present economic problems and strives to rationally explain the surrounding economic and social phenomena, learns to think, speak and write in a logical and consistent manner
• can work in a team, can plan a job.
• understands the need for popular depiction of th microeconomic models
• is able to communicate with the environment, communicate and defend their views, can express themselves on important social and ideological issues, has rhetorical and eristic skills.
Assessment criteria
The final evaluation consists of:
• points for solved tasks performed as homework (30 points),
• points for preparing the semester project (70 points),
• extra points for activity (20 points),
Bibliography
Mandatory reading:
• Kagel J.H., Roth A.E., 1995, Handbook of Experimental Economics, Princeton University Press
• Oda S.H. (red), 2007, Developments on Experimental Economics, New Approaches to Solving Real-world Problems, Springer
Supplementary literature:
• Guala F., 2005, The Methodology of Experimental Economics, Cambridge University Press
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: