Behavioural and Experimental Economics
Your upfront cost: $0
- 12 Jul 2021
QS RANKING 2021
Times Higher Education Ranking 2021
Upon completion of this subject, the student should be able to:
- Assess the role and scope of behavioural and experimental methods in economics.
- Apply experimental economics to study and/or evaluate real world behavioural issues.
- Critically evaluate experimental economics.
- Behavioural Economics
- Experimental Economics
- Experimental Design and Implementation
- Real World Issues
- Ethical Issues
No eligibility requirements
No special requirements
Behavioural economics draws on insights and methods from psychology to better understand economic and business decisions. It takes economics beyond the traditional assumption of instrumental rationality, developing theories that more accurately explain and predict economic behaviour. Economic experiments are the main tool used by behavioural economists to test such theories and to investigate the underlying causes of individual and group decisions. This subject provides a hands-on coverage of experimental economics, its methods (including randomised controlled trials) and its real-world applications. It develops knowledge on how to design and conduct economic experiments as well as applying experimental economics to evaluate newly designed business strategies, public policies or nudge interventions.
- Test (30%)
- Assignment (50%)
- Reflection (20%)
Current study term: 11 Jul 21 to 17 Oct 21
Check the learning management system (LMS) of your university for textbook details.