ECO 403 - Experimental Economics

Experimental research continues to demonstrate that the economic decisions of individuals and groups deviate, sometimes dramatically, from those predicted by standard economic theory’s rational actor model. Experimental economics seeks to explain the economic decision-making of consumers and citizen, as psychologically complex, cognitively limited, emotional, social decision-makers. This course explores the foundations, methods and outcomes of experimental economics. Topics covered include experimental economics ethics, basics of experimental design in economics, opportunities, challenges and limitation of experimental methods, analysis of experimental data and key contributions to the economic literature. ECO 403 and ECO 503 cannot both be taken for credit.

Prerequisites: A grade of C- or better in ECO 220

Course Typically Offered: Fall, alternating

Credits: 3