MW 24.2 - Lecture Quantitative Economics (Summer 2011) - Master Program in Economics

There are many interesting topics in quantitative economics. In this lecture we will concentrate on Experimental Economics as a quantitative tool. This will also allow us to have a brief look at several other topics from economic theory.

Schedule

Lecture: Wed. 8:15-9:45, Carl-Zeiss-Str. 3, SR 122
Exercises: Fri. 10:15-11:45, August Bebel Str. 4, , SR 115 (Kirsten Häger)

Exam

Fr. 8.7.2011, 10:15-11:15, AB4, SR 115

Prerequisites

The lecture "MW 26.1 - Approaches to Economic Science" is recommended

Outline:

1. Introduction. A brief history of experimental economics.
2. The relation among theory / experiment / field data
3. Implementation of experiments
4. Interpreting experimental data
5. Individual decisions and risk
6. Bargaining
7. Coordination
8. Public goods, cooperation
9. Industrial organisation
10. Auctions
11. Monetary- and fiscal policy

Literature:

• J. H. Kagel and A. E. Roth, The Handbook of Experimental Economics, Princeton University Press, 1995.
• Daniel Friedman, Shyam Sunder, Experimental Methods: A Primer for Economists, Cambridge Univ Press, 1994
• Douglas D. Davis and Charles A. Holt, Experimental Economics, Princeton University Press

Handout

Past exams