ECON 221 - Experimental Economics

Planned Offering: Offered when interest is expressed and departmental resources permit
Credits: 3

Prerequisites: ECON 101 and 102. Preference to ECON majors during the first round of registration. Other majors are encouraged to add to the waiting list after registration re-opens for all class years. This course explores the use of laboratory methods to study economic behavior. Topics include the design of experiments, laboratory techniques to test theories, financial incentives, and analysis of experimental data. Experimental economics emphasizes applications in a variety of topics: games, bargaining, auctions, market price competition, market failures, voting, contributions to public goods, lottery choice decisions, and the design of electronic markets for financial assets. Guse.