UCL Department of Economics


ECON0031 - Experimental Economics

Term 2

The module will familiarize you with experiments in economics. It will cover experimental techniques (design, subjects, laboratories, conducting, data analysis) as well as applications (ultimatum bargaining, risk aversion, competitive markets, oligopoly, (social) learning, auctions, labour markets).

After completing the module, you should be able to critically assess experimental designs and results. You will also learn how to use experimental methods yourself and you will get an overview of some of the most important existing results.

Taught by:Terri Kneeland / Moodle pageECON0031

The prerequisites cover a good familiarity with the key results from linear algebra and the calculus of several variables, in particular in optimization, and some elementary familiarity with ordinary, linear, differential equations and their solutions. A general familiarity with Economics at the level of the ECON0002 of an equivalent 30 credits in Economics, both the micro- as well as the macro-aspects, is also strictly required. An aptitude for computational and simulation work is highly recommended, as acquired through ECON01114 and/or the Economics Skills Lab.

Suitable for:3rd year Economics (L100) and Econ/Stats (LG13) students.
Prerequisites:ECON0013: Microeconomics. It is recommended also to take ECON0027: Game Theory.