Currículo

Experimental Economics EXPECO

Contextos

Groupo: Matemática Aplicada à Economia e à Gestão > 1º Ciclo > Unidades Curriculares Optativas

ECTS

4.0 (para cálculo da média)

Objectivos

This course is then very valuable to students. For those planning to work in the field of economics, or related fields, such as business, finance, law, or politics, the use of experiments is becoming increasingly important. For instance, many big companies, like Amazon, Facebook, Uber, Delloite, as well as governments, and European Union organizations (EU Policy lab) are now conducting experiments. For those planning to continue their graduate studies, this course will introduce high skills and expose students to new knowledge discovery. In this course students will be introduced to the exciting research frontiers and methods in experimental economics and its most recent applications. First, students will be introduced to the methodology of experimental research in economics.

Programa

Part I: Introduction and Methodology 1.Introduction to Experimental Economics 1.1.Brief history of Experimental Economics 1.2.Strengthens and weaknesses of the experimental method 1.3.Experimental Economics and the ?others?: 1.3.1.Experimental Economics vs Behavioral Economics 1.3.2.Experimental Economics vs Econometrics 2.Types of Economic Experiments 2.1.Lab experiments 2.2.Field experiments 2.3.Natural experiments 2.4.Internet experiments 3.Experimental Design and Procedures 3.1.Incentives and control over preferences 3.2.Treatments, controls, sessions 3.3.Between and within subjects? design 3.4.One shot vs. repeated interaction 3.5.Role reversal 3.6.Partners vs strangers 3.7.Elicitation of beliefs 3.8.The strategy and direct methods of elicitation 3.9.Deception 4.Experimental Data analysis 4.1.The beauty of randomization 4.2.Non-parametric statistics Part II: Experiments/Applications 5.The double auction market: excise taxes and price control 6.Market Failure Due to "Unraveling": Lemons and Matching Markets experiments 7.Post offer markets and market power 8.A Voluntary contribution to a public good 9.A Volunteer dilemma 10.Bargaining ultimatum game 11.Principal-agent games: a labor market experiment and a trust game 12.Risk elicitation preferences in the lab 13.New applications: experiments in macroeconomics

Método de Avaliação

The Época Normal assessment period includes continuous evaluation during the semester, which consists of lab reports (20%), group experimental design project (15%), participation in class and experiments (10%), a midterm exam (20%), and a final exam (35%). The Época de Recurso assessment period includes only one final written exam (100%).