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ECON.4160 Experimental and Behavioral Economics

Id: 040438 Credits Min: 3 Credits Max: 3

Description

This course will introduce students to the experimental economics methodology. Experimental economics utilizes lab and natural experiments to investigate decision-making and motivations for observed behavior. After and overview of the method, the course will explore several specific topics where experimental economics has made particular contributions to the discipline. Experimental results often motivate theories of behavior that incorporate concepts such as altruism, reciprocity, and inequality aversion. Such, non-traditional, models of behavior were once considered to be solely the realm of psychology. As a result, this course will also serve as an introduction to behavioral economics - the incorporation of motivations other than self-interest into one's utility function.

Prerequisites

ECON.2010 Economics I (Microeconomics), and ECON.3030 Microeconomic Theory , or Permission of Instructor.