Experimental Economics (5 cr)

Code:
ECOM-448
Field:
Behavioral Economics
Targets:
Master’s students Research Master's students PhD students
Organiser:
University of Helsinki - Economics
Instructor:
Marja-Liisa Halko
Period:
Period 4
Format:
Participation in teaching
Method:
Contact teaching
Venue:
Economicum building
Enrollment:

In case of conflicting information consider the Sisu/Course/Moodle pages the primary source of information.

Aalto, Hanken and UH economics students can enroll through their home university’s SISU. Further instructions are available on the How to enroll? page, also for students from other universities.

If you would like to count the credits towards your degree, please check your curriculum or contact your supervisor or student services for guidance.

  • To access the Moodle course area, use all the features and participate in the activities (assignments, discussions), you must have successfully registered for the course in Sisu and logged in with your UH user ID.
  • For more information on how to activate your UH user ID and register for a Moodle course area, click here.

The course introduces the basic methods of experimental economics, showing how controlled experiments can be used to study decision-making and evaluate economic theories. Students are familiarised with the design, implementation, replication, and interpretation of experiments as tools for economic research. Topics include, for example, individual decision-making, markets, strategic interaction, public goods, social preferences, and decisions related to uncertainty and risk, with selected extensions to behavioural economics and related fields.

After the course, the student should

  • Be familiar with the basic methods and applications of experimental economics.
  • Understand how controlled experiments can be used to study decision-making and evaluate economic theories.
  • Be able to design, implement, and interpret a simple controlled economic experiment.
  • Be able to reproduce and critically evaluate results from existing experimental data.
  • Be aware of the strengths and limitations of experimental methods in economics.