BPV_IEBE Introduction to Experimental and Behavioral Economics

Faculty of Economics and Administration
Spring 2020
Extent and Intensity
1/1/0. 4 credit(s). Type of Completion: k (colloquium).
Teacher(s)
Ing. Bc. Michal Ďuriník, Ph.D. (lecturer)
Ing. Miloš Fišar, Ph.D. (lecturer)
Ing. Mgr. Jakub Procházka, Ph.D. (lecturer)
Tommaso Reggiani, PhD (lecturer)
doc. Mgr. Jiří Špalek, Ph.D. (lecturer)
Guaranteed by
doc. Mgr. Jiří Špalek, Ph.D.
Department of Public Economics - Faculty of Economics and Administration
Contact Person: Jana Biskupová
Supplier department: Department of Public Economics - Faculty of Economics and Administration
Timetable
each even Thursday 10:00–11:50 VT203
  • Timetable of Seminar Groups:
BPV_IEBE/01: each odd Thursday 10:00–11:50 VT203, M. Fišar, J. Procházka, T. Reggiani
Prerequisites
Knowledge of basic economic principles corresponding to course BPE_MIE1 Microeconomics I is expected.
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 19/24, only registered: 0/24, only registered with preference (fields directly associated with the programme): 0/24
fields of study / plans the course is directly associated with
Course objectives
The course introduces selected topics from behavioral economics and presents the basics of experimental investigation in economic research. Students also develop their critical thinking and practice their presentation and writing skills.
Learning outcomes
By the end of the course, students will:
-understand the difference between normative and positive approach to economics
-be familiar with selected areas of behavioral economics
-know the basics of how and why to use experiments in economic research
-be able to design a research proposal.
Syllabus
  • The course consists of lectures and seminars. Each lecture on given topic is complemented by seminar on the topic the following week. In lectures, students are assigned research papers to read and work with in the seminars. In total, there are six lecture-seminars blocks to attend in one semester. Topics covered:
    1. Introduction – why study behavioral economics? Experimental methodology, research validity
    2. Decision making under certainty: context-dependent preferences, deviations from rational choice (decoy effect, compromise effect,...), constructed and inherent preferences, anchoring, status quo bias, endowment effect.
    3. Decision making under uncertainty and risk: lotteries in economic experiments. Risk aversion.
    4. Public goods in experimental economics (public goods game and its derivatives)
    5. Altruism, reciprocity, negative reciprocity: dictaror and ultimatum game, bribery game,
    6. Psychology in experimental economics
Teaching methods
lectures, assigned readings, class discussions, , project preparation, teamwork, in-class presentations
Assessment methods
Students are required to be present and active in the class. Student will present assigned research paper in class, develop his/her own ideas on the topic and lead the discussion on the paper/topic. When not presenting, students still read the paper in order to participate in the discussion. On the last lecture/seminar students present their own research proposals in front of the course teachers. These are to be about three pages long, created either by single student or by group of two.
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on course enrolment limitations: Limit - poznámka Course is offered to domestic and foreign students. Course is offered to students from all faculties.
The course is also listed under the following terms Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2021.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/spring2020/BPV_IEBE