Course overview
This course deepens critical thinking, reasoning, and mathematical problem-solving in behavioural economics (e.g., social preferences; reciprocity; bounded rationality) and the methodology and practice of experimental economics. It covers fundamental findings in behavioural economics such as social preferences (envy, greed, altruism) reciprocity and bounded rationality. The course then focuses on the empirical aspects of behavioural economics. It introduces the methodology of experimental economics using a real research project that students design and conduct.
Course learning outcomes
- Derive equilibrium predictions using standard solutions concepts
- Critically assess where and when standard game theory explains human behaviour well
- Apply behavioural game theory to explain some behaviours that cannot be explained using standard game theory
- Find an interesting behavioural research questions and design, program and conduct experiments
- Analyse experimental data by using the appropriate statistical techniques
- Successfully work together in research teams
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The Student Contribution amount displayed below is for students commencing a new program from 2021 onwards. If you are continuing in a program you commenced prior to 1 January 2021, or are commencing an Honours degree relating to an undergraduate degree you commenced prior to 1 January 2021, you may be charged a different Student Contribution amount from the amount displayed below. Please check the Student Contribution bands for continuing students here. If you are an international student, or a domestic student studying in a full fee paying place, and are continuing study that you commenced in 2025 or earlier, your fees will be available here before enrolments open for 2026.