ES22018: Behavioural and experimental economics
[Page last updated: 09 August 2024]
| Academic Year: | 2024/25 |
| Owning Department/School: | Department of Economics |
| Credits: | 10 [equivalent to 20 CATS credits] |
| Notional Study Hours: | 200 |
| Level: | Intermediate (FHEQ level 5) |
| Period: |
- Academic Year
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| Assessment Summary: | CWES 40%, EXCB 50%, PRPR 10% |
| Assessment Detail: |
- Unseen exam (EXCB 50%)
- Online economic experiments (PRPR 10%)
- Economic Experiment Evaluation (CWES 40%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
Before taking this module you must take ES12001
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| Learning Outcomes: |
At the end of the course unit, students should be able to:
- Include behavioural theory into economic analysis;
- Understand the need and implications for economics experiments;
- Have experience of participating in and designing economics experiments;
- Draw theories from psychology and other related areas to re-evaluate and improve the mathematical models learnt in microeconomics classes;
- Raise questions on the experimental outcomes and explain the related theory and the interpretation of the experimental outcomes;
- Earn deeper knowledge on various topics such as individual decision making, behavioural game theory, auction, information etc.
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| Synopsis: | "Develop your skills in these new and important areas of economics.
Through an interactive and practical learning experience, you will:
- gain hands-on experience of experimental economics
- participate in and learn to design economics experiments
You will experience a mix of theoretical and practical approaches designed to increase your knowledge of the behavioural aspects of the neo-classical setting of economics. You will learn about its implications in theory, applications and policy."
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| Content: | Topics covered may include: methodology in behavioural, experimental, and neuroeconomics, individual decision making under risk, social preference, behavioural game theory, cooperation, coordination, conflict, market competition, auctions, principal agent, information economics.
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| Course availability: |
ES22018 is Optional on the following courses:
Department of Economics
- UHES-AFB10 : BSc(Hons) Economics (Year 2)
- UHES-AFB11 : BSc(Hons) Economics with Politics (Year 2)
- UHES-AKB11 : BSc(Hons) Economics with Politics with professional placement (Year 2)
- UHES-AKB11 : BSc(Hons) Economics with Politics with professional placement and study abroad (Year 2)
- UHES-AKB11 : BSc(Hons) Economics with Politics with study abroad (Year 2)
- UHES-AKB10 : BSc(Hons) Economics with professional placement (Year 2)
- UHES-AKB10 : BSc(Hons) Economics with professional placement and study abroad (Year 2)
- UHES-AKB10 : BSc(Hons) Economics with study abroad (Year 2)
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Notes: - This unit catalogue is applicable for the 2024/25 academic year only. Students continuing their studies into 2025/26 and beyond should not assume that this unit will be available in future years in the format displayed here for 2024/25.
- Courses and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
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