UCL Department of Economics


Experimental Economics - ECON0031

Not running in 2019/20.

Term 2

The module will familiarise 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 page: ECON0031  Syllabus: Experimental Economics
Assessment:20 hours of lectures and 4 compulsory tutorial classes with accompanying coursework.  Assessment is a 2-hour unseen written examination in Term 3.
Suitable for:Final year Economics (L100 / L101 / L102) and Econ/Stats (LG13) students.
Prerequisites:ECON0013: Microeconomics. It is recommended also to take ECON0027: Game Theory.
Assumed knowledge:Students coming into the course should understand concepts of consumer theory: utility maximization, indifference curves. They should be able to calculate utility-maximising and welfare-maximising outcomes. They should have a good understanding of basic game theory (eg, best response functions, Nash equilibria, subgame perfect equilibria in two-period games).