ECON 408 - Experiments in Economics
Fall 2022, Section 001
Instruction Mode: Section 001 is  In Person (see other Sections below)
Subject: Economics (ECON)
Department: LSA Economics
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Details

Credits:
4
Requirements & Distribution:
ULWR
Enforced Prerequisites:
ECON 401, with a C- or better AND STATS 250, or STATS 280, or STATS 206/DATASCI 101, or STATS 426, or ECON 451, or ECON 453 completed with a C- or better.
Advisory Prerequisites:
ECON 251, or 452, or 454 are strongly recommended. They can also be taken concurrently with ECON 408. Some basic multivariate calculus may be used in this class.
Repeatability:
May not be repeated for credit.
Primary Instructor:

Description

This course is an introduction to experimental economics: its methods and some recent applications, both in the laboratory and the field. Rather than rely on a standard textbook, students will be expected to read and analyze current research in experimental economics. The course will provide a summary of recent experimental findings in different areas, and explain how to gather and analyze data using experimental methods. Students will be asked to develop ideas for their own experiment. This course will require critical writing, analytical thinking and active class participation, as well as familiarity with basic econometric methods.
The class will cover experiments on risk and time preferences, trust, collective action, social preferences and norms, gender, information, discrimination, and market behavior. We will also discuss the advantages and disadvantages of different tools, including traditional laboratory experiments and field experiments.

Course Requirements:

Students should have taken STATS 250, ECON 249, STATS 426, or ECON 451. I strongly suggest that students in this course have already taken econometrics or take it concurrently. A comfortable understanding of intermediate microeconomic theory and statistics is assumed. We may use some basic multivariate calculus. It is also important that students are comfortable reading, writing, and conversing in English, since students will be expected to read academic papers, present papers in the class, write reports on papers, and write and present an original research project.

Class Format:

The course will be conducted as both a teaching and research opportunity for all involved. You will be expected to:
1. Take in-class quizzes
2. Complete homework sets
3. Prepare discussion of two papers and present them in class
4. Active class participation
5. Prepare a detailed proposal for a new experiment, and conduct it
a. Present the initial idea in the class mid-semester
b. Implement the research design, and collect (some) data
c. Present the final project on one of the last few days of the course
d. Submit the research proposal

Schedule

ECON 408 - Experiments in Economics
Schedule Listing
001 (LEC)
 In Person
33247
Open
1
 
12
MW 10:00AM - 11:30AM
002 (DIS)
 In Person
33248
Closed
0
 
6
Th 5:00PM - 6:00PM
003 (DIS)
 In Person
33249
Closed
0
 
6
Th 4:00PM - 5:00PM

Textbooks/Other Materials

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Syllabi

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CourseProfile (Atlas)

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