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Viewing: ECG 709 : Behavioral and Experimental Economics

Last approved: Thu, 02 Jun 2016 14:24:40 GMT

Last edit: Thu, 02 Jun 2016 14:24:40 GMT

Catalog Pages referencing this course
Change Type
Major
ECG (Graduate Economics)
709
032327
Dual-Level Course
Cross-listed Course
No
Behavioral and Experimental Economics
Behavior Exp Econ
Poole College of Management
Economics (20EC)
Term Offering
Spring Only
Offered Every Year
Spring 2016
Previously taught as Special Topics?
Yes
2
 
Course Prefix/NumberSemester/Term OfferedEnrollment
ECG 790Spring 20145
ECG 790Spring 135
Course Delivery
Face-to-Face (On Campus)

Grading Method
Graded/Audit
3
15
Contact Hours
(Per Week)
Component TypeContact Hours
Lecture3
Course Attribute(s)


If your course includes any of the following competencies, check all that apply.
University Competencies

Course Is Repeatable for Credit
No
 
 
Robert Hammond
Associate Professor
Assoc

Open when course_delivery = campus OR course_delivery = blended OR course_delivery = flip
Enrollment ComponentPer SemesterPer SectionMultiple Sections?Comments
Lecture1515Non/a
Open when course_delivery = distance OR course_delivery = online OR course_delivery = remote
Prerequisite: ECG 702
Is the course required or an elective for a Curriculum?
No
Survey of literature on behavioral and experimental economics from a broad perspective, with coverage of numerous fields of economics, including both laboratory and field experiments. Methodology of experimental economics and design of laboratory and field experiments will be covered.

Behavioral and Experimental Economics are important fields in economics that are not currently covered in our graduate program.  Exposure to these tools is vital to current graduate degrees in economics as they enhance the existing range of topics covered in our graduate program by teaching students newer aspects of microeconomic theory that broaden our understanding of the psychological foundations of decision making. Behavioral and Experimental Economics are fields that complement our existing course offerings because these fields teach tools that are widely applicable in fields such as Industrial Organization, Labor Economics, Environmental Economics, Agricultural Economics, and many others. 


No

Is this a GEP Course?
GEP Categories

Humanities Open when gep_category = HUM
Each course in the Humanities category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Mathematical Sciences Open when gep_category = MATH
Each course in the Mathematial Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

Natural Sciences Open when gep_category = NATSCI
Each course in the Natural Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

Social Sciences Open when gep_category = SOCSCI
Each course in the Social Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Interdisciplinary Perspectives Open when gep_category = INTERDISC
Each course in the Interdisciplinary Perspectives category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Visual & Performing Arts Open when gep_category = VPA
Each course in the Visual and Performing Arts category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Health and Exercise Studies Open when gep_category = HES
Each course in the Health and Exercise Studies category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
&
 

 
 

 
 

 
 

Global Knowledge Open when gep_category = GLOBAL
Each course in the Global Knowledge category of the General Education Program will provide instruction and guidance that help students to achieve objective #1 plus at least one of objectives 2, 3, and 4:
 
 

 
 

 
Please complete at least 1 of the following student objectives.
 

 
 

 
 

 
 

 
 

 
 

US Diversity Open when gep_category = USDIV
Each course in the US Diversity category of the General Education Program will provide instruction and guidance that help students to achieve at least 2 of the following objectives:
Please complete at least 2 of the following student objectives.
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Requisites and Scheduling
 
a. If seats are restricted, describe the restrictions being applied.
 

 
b. Is this restriction listed in the course catalog description for the course?
 

 
List all course pre-requisites, co-requisites, and restrictive statements (ex: Jr standing; Chemistry majors only). If none, state none.
 

 
List any discipline specific background or skills that a student is expected to have prior to taking this course. If none, state none. (ex: ability to analyze historical text; prepare a lesson plan)
 

Additional Information
Complete the following 3 questions or attach a syllabus that includes this information. If a 400-level or dual level course, a syllabus is required.
 
Title and author of any required text or publications.
 

 
Major topics to be covered and required readings including laboratory and studio topics.
 

 
List any required field trips, out of class activities, and/or guest speakers.
 

Dr. Robert Hammond offers this course as part of his regular teaching load. There are no plans to change this arrangement.

To expose students to literature on behavioral and experimental economics and their application to other fields in economics


To expose students to the methodology of experimental economics 


To instruct students in the design of laboratory and field experiements


Student Learning Outcomes

Identify design of laboratory and field experiments from the literature


Model economic decision making incorporating insights from psychology


Design original laboratory experiments


Evaluation MethodWeighting/Points for EachDetails
presentation30The student will lead in-class discussion covering a particular topic within economics. The discussion should be 1) relevant to all economists, 2) relevant to experimental economists
Project20Experiment 1: Student will identify a theoretical paper that has not been the focus of an experimental economics paper. Based on the paper's theoretical model, the student will design a lab experiment that replicates the model's basic environment to test whether the experimental data conform to the model's predictions.
Project40Experiment 2: The student will design, code and run and experiment. The experiment should be a simplified version of an experimental analysis of an economic topic that is viewed as under-studied within experimental economics.
Participation10Student participation during discussion/presentation
TopicTime Devoted to Each TopicActivity
Methodology of Experimental Economics2.
Statistics/Econometrics for Experimentalists1.
Behavioral Economics2.
Industrial Organization1.
Market Design1.
Mid-semester project/experiment1.5.
Development economics1.
Labor Economics2.
Finance2.
Final Student project/experiment1.5.
mlnosbis 1/8/2016: workflow modified to include CALS

mlnosbis 1/26/2016: No overlapping courses. Is consultation required since PCOM and CALS have approved?

ghodge 2/1/2016 No additional consultation needed. Ready for ABGS reviewers.

ABGS Reviewer comments:
-unclear whether ECG 702 is a prerequisite or a corequisite
-seems odd that there is no consultation with Psychology

ghodge 2/6/2016 ECG 702 is prerequisite. Ask department for psychology consult.

Consultation received. See Course Reviewer Comments below.
xzheng (Mon, 07 Mar 2016 02:20:11 GMT): Consulted with the head of department of psychology and here is his response: Response from the Department of Psychology, Douglas J, Gillan, PhD, Head: Behavioral economics is an increasingly important area in which research in decision making and in economics merge. Students in graduate Economics programs should have some exposure to the theories and empirical work from this area. I would also hope that students in the Industrial/Organizational area and the Human factors and Applied Psychology area in the Psychology Department would be interested in this material. In addition, students in Communication and Public Administration might find it to be valuable. The proposed course covers the major topics in Behavioral Economics and appears to be a valuable course, with the strong academic rigor of a graduate-level course, including a focus on student design of experiments. The Psychology Department believes that this will be a valuable addition to the set of courses available to graduate students at North Carolina State University.
Key: 8140