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Module Title
LI Behavioural and Experimental Economics
School
Birmingham Business School
Department
Economics
Module Code
08 32043
Module Lead
TBC
Level
Intermediate Level
Credits
20
Semester
Semester 2
Pre-requisites
Co-requisites
Restrictions
None
Exclusions
Description
This module introduces students to behavioural and experimental economics. The assumptions of “homo economicus” – the traditionally economically rational agent – are relaxed and more behaviourally realistic models of decision making are introduced. The course will cover important behavioural topics of individual and strategic decision making. We will introduce practical examples of experimental design and incentivisation, and experimental data analysis.
Learning Outcomes
By the end of the module students should be able to;
explain behavioural economic accounts of individual and strategic decision making
discuss different experimental paradigms in economics
identify strengths and weaknesses of experimental designs and incentive structures
produce experimental designs to test behavioural economic hypotheses
Assessment
32043-01 : 2000 Word assignment : Coursework (50%)
32043-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions
Assessment:
2000 word essay (50%);
2-hour written unseen examination (50%)
Reassessment:
By failed element