Experimental Economics

to provide a deep understanding of individual behaviour and how economic science progresses. Topics that will be covered may include risk, time, and social preferences, trading in a variety of markets such as auction and markets with price controls and for trading long-lived assets, voluntary provision of public goods and cooperation enforcement, social norms and behavioural game theory.

• 1Utilise laboratory experiments as a method for empirical investigation;
• 2Identify alternative approaches to analysing economic problems;
• 3Evaluate the predictive power of different economic theories; and
• 4Demonstrate a comprehensive understanding of the topics covered through being exposed to the problem at hand.