This course aims to provide students with:
A solid understanding of the main principles and methodology of experimental economics/finance through discovery-based teaching and learning.
A review of a selection of major subject areas that have been addressed by laboratory experiments, so as to familiarize students with the design of these typical experiments and their key results.
Applied knowledge and techniques to design and conduct laboratory experiments in economics and finance.
A guide to critically think about economics from the perspective of an empirical science.
Key topics include the role of information in price formation in markets, auctions, role of fairness norms in bargaining, common resource utilization, and issues of coordinating behaviour. Students will get the chance to not only participate in many classroom-based experiments, but also design and carry out their own experiments after mastering the main principles of experimental economics.