Spring 2010 not offered
This course looks at both what economic theory (specifically, a field known as game theory) has to say about strategic interactions and what economic agents (experimental subjects) actually do when faced with strategic decisions. A large number of in-class experiments (with real money payoffs) will be conducted to either identify systematic deviations or to confirm theoretical predictions. Students will learn new material first by participating in experiments and then by studying related economic theory. This course will investigate some of the major subject areas that have been addressed by laboratory and field experiments including market behavior, individual decision making, strategic and sequential games, bargaining, auctions, public goods, cooperation, trust, and gender effects.
||Gen Ed Area Dept:
|Course Format: Lecture / Discussion||Grading Mode: Student Option|
||Prerequisites: ECON301 OR ECON302
||Fulfills a Major Requirement for: (ECON-MN)(ECON)
Research papers and class notes available electronically via course web site, through e-journals collection in the library or distributed in class .
|Examinations and Assignments: |
Participation in in-class experiments and assistance in conducting experiments, group presentations, homework assignments, short in-class and take-home quizzes and a research paper. There will be no final exam.
|Additional Requirements and/or Comments: |
Students interested in working towards Honors in Economics are encouraged to consider this course. The research project is a useful way to learn about doing independent research.
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