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Curricular information is subject to change
On successful completion of this module students will have:
- Obtained detailed knowledge of experimental methods in economics and of good scientific practices for conducting economics experiments.
- Developed a thorough understanding of advantages and limitations of laboratory experiments.
The focus of the module is on the methodology of economics experiments. The course will cover the following topics.
- Methodology: Principles of economics experiments. Types of experiments. Experimental design. The scientific method. Hypotheses testing.
- Best practices: Incentives. Sample size. Pre-registering. Replication.
- Practicalities: Participants. Laboratories. Software. Conducting an experiment.
- Data analysis: Experimetrics. Regressions and non-parametric statistical tests.
- Some applications: Individual decision making. Strategic interaction. Markets.
|Student Effort Type||Hours|
|Autonomous Student Learning||
There are no formal pre-requisites for the course. However, having some basic knowledge of utility theory, game theory, statistics, and econometrics may be helpful.
|Description||Timing||Component Scale||% of Final Grade|
|Group Project: The students will work in small groups to design their own experiment. At the end of the trimester each group will present their idea and design in class.||Throughout the Trimester||n/a||Graded||No||
|Examination: Problem solving and/or answering questions. The exam will take place on Tuesday 11 April 2023.||Unspecified||No||Alternative linear conversion grade scale 40%||No||
|Resit In||Terminal Exam|
• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment
- Feedback in the form of individual grades for the exam. - Feedback in the form of grades and comments post-assessment for the group project.