EC914-7-SP-CO:
Behavioural Economics II: Games and Markets
2024/25
Economics
Colchester Campus
Spring
Postgraduate: Level 7
Current
Monday 13 January 2025
Friday 21 March 2025
20
21 August 2024
Requisites for this module
(none)
(none)
(none)
(none)
(none)
MSC L11912 Behavioural and Experimental Economics,
MSC L11924 Behavioural and Experimental Economics,
MSC L119EB Behavioural and Experimental Economics,
MSC L119JS Behavioural and Experimental Economics,
MSC L119UH Behavioural and Experimental Economics
This module is designed as an introduction to Behavioural Economics. Behavioural Economics has been one of the fastest growing areas in Economics in recent years with wide-reaching impact beyond academia.
This module will focus on strategic interactions and markets. Students will study the circumstances under which classical theory does not serve as a good predictor of empirically observed behaviour and how behavioural economics can reconcile these empirical findings with theoretical models. Students will learn the most important empirical and theoretic findings of behavioural economics in the context of games and the workings of markets. The module will also provide an introduction into experimental methods used in behavioural economics.
The aim of this module is:
- To familiarise students will know the circumstances under which neoclassic theory fails and how behavioural economics can help contribute to a better understanding of these circumstances
By the end of this module, students will be expected to be able to:
- Know the methodology of experimental economics.
- Be able to design and conduct simple experiments.
- Understand the implications of behavioural biases in real life settings, such as bargaining,
marketing, or how markets react to such biases.
While theoretical concepts and models will play an important role in the course, much of the material will focus on empirical and specifically experimental results and many of the readings will reflect this.
This module will be delivered via:
- One 2-houre lecture per week.
- One 1-hour class per week.
Lecture notes and supporting materials can be accessed via Moodle. Problem sets will be posted in Moodle. Students are expected to complete them for class.
Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Exam |
Main exam: In-Person, Open Book, 120 minutes during Summer (Main Period)
|
| Exam |
Reassessment Main exam: In-Person, Open Book, 120 minutes during September (Reassessment Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Prof Friederike Mengel, email: fmengel@essex.ac.uk.
Lectures & Classes: Professor Friederike Mengel
For further information, send an email message to pgteco@essex.ac.uk.
Yes
No
No
Dr Domenico Moro
university of Birmingham
Lecturer
Available via Moodle
Of 151 hours, 28 (18.5%) hours available to students:
123 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
Economics
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