Programme And Module Handbook
Course Details in 2020/21 Session

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Module Title LH Behavioural and Experimental Economics
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 24240
Module Lead Michalis Drouvelis
Level Honours Level
Credits 10
Semester Semester 1
Restrictions Available to all final-year students in the Department of Economics and students who have passed 08 28536 Microeconomics.
Contact Hours Lecture-20 hours
Guided independent study-80 hours
Total: 100 hours
Description This module provides a comprehensive and up-to-date introduction to behavioural and experimental economics, which are among the most rapidly advancing areas in economics today. It explores some of the overwhelming evidence that economic actors do not always behave the way standard economic models assume and its implications for understanding how real people make choices. While focusing on discussing the main developments in behavioural and experimental economics, the module aims to study the methodology of experimental economics and how it can be used to empirically test economic theory. The purpose is to develop critical appreciation of the theoretical tools used in these relatively new but increasing important areas of economics, and their applications to a variety of economic contexts. These include choice under risk, individual decision-making and interaction in strategic contexts. The module also discusses recent advancements in behavioural and experimental economics from a methodological perspective and examines several areas of economic and policy analysis in which they are applied.
Learning Outcomes

By the end of the module students should be able to:

  • demonstrate systematic knowledge and understanding of core areas of behavioural and experimental economics;
  • critically evaluate how economic theories are tested;
  • appraise contexts within which the methods of experimental economics are applied;
  • use empirical findings to analyse specified economic contexts.
Assessment 24240-01 : Group Presentation : Presentation (25%)
24240-02 : Essay : Coursework (75%)
Assessment Methods & Exceptions Assessment: Group presentation (25%), 1500-word individual essay (75%)
Reassessment: by failed element
Other Duplicate of Dubai-based module 07 30417
Reading List