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Advanced Experimental Economics (ECON90079)
Graduate courseworkPoints: 12.5Not available in 2024
Overview
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The subject aims to provide a foundation for original research in the fields of behavioural and experimental economics. First, it explores how behavioural economics extends traditional economics by incorporating insights into human behaviour derived from other fields such as psychology and sociology. Students will be exposed to both empirical research that investigates pattern of behaviour which deviates from standard economic assumptions, and theoretical research that aims to incorporate these behaviour in tractable models. Second, the subject familiarises students with experimental methodology, analysis of experimental data, and the range of application of experimental methods in economics, such as the evaluation of economic theories and behavioural assumptions, as well as their applications to policy research. At the conclusion of the subject, it is hoped that the subject will help students begin a proposal for a paper in behavioural and/or experimental economics, with the aim that with further development such projects will ultimately become a part of their thesis.
Intended learning outcomes
- Learn to conduct laboratory and field experiments as a method for empirical investigation.
- Learn to evaluate the predictive power of different economic theories by designing appropriate experiments.
- Master econometric methods specifically used in the analysis of experimental data.
- Evaluate the contribution of behavioural economics to economic knowledge.
Generic skills
- High level of development: oral communication; written communication; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information; use of computer software; receptiveness to alternative ideas.
- Moderate level of development: collaborative learning; problem solving; team work; statistical reasoning; accessing data and other information from a range of sources.
Last updated: 31 January 2024
Eligibility and requirements
Prerequisites
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON90002 | Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Undergraduate level work in experimental and behavioural economics (equivalent of ECON30019 and ECON30022).
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 31 January 2024
Assessment
| Description | Timing | Percentage |
|---|---|---|
Assignment on Data Analysis/Programming
| Second half of the teaching period | 20% |
Research Report
| End of the teaching period | 30% |
Research Report
| During the examination period | 30% |
Class and Seminar Participation Hurdle requirement: Successful completion of this subject requires a pass (50%) in the final exam. | Throughout the semester | 10% |
Class Presentation | Throughout the semester | 10% |
Last updated: 31 January 2024
Dates & times
Not available in 2024
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Last updated: 31 January 2024
Further information
- Texts
Prescribed texts
You will be advised of the prescribed texts and reading materials by your lecturer.
Last updated: 31 January 2024