Experimental methods for economics and business studies
Additional course evaluations for NA0185
Academic year 2020/2021Experimental methods for economics and business studies (NA0185-20123) 2020-11-02 - 2021-01-17
Academic year 2019/2020Experimental methods for economics and business studies (NA0185-20090) 2019-11-01 - 2020-01-19
NA0185 Experimental methods for economics and business studies, 7.5 CreditsExperimentella metoder i ekonomi
SubjectsBusiness Administration Economics
Education cycleSecond cycle
Advanced study in the main fieldSecond cycle, only first-cycle courses as entry requirements(A1N)
Prior knowledgeKnowledge equivalent to 180 credits, including 90 credits within business administration or economics. 15 credits microeconomics must also be included as well as 15 credits statistics or 5 credits mathematics and 5 credits statistics. Knowledge equivalent to English 6.
ObjectivesThis course is an introduction to experimental methods in economics and business studies, its methods, and some of the recent applications. In particular, the course illustrates how experiments can be used to solve many of the identification problems present in non-experimental data. An integral part of the course is participation in numerous experiments to acquire hands on experience.
After succesful completion of the course, students will be able to:
- Prepare, programming, conduct and evaluate an experiment in economics and business studies.
ContentThe course is implemented by lectures, exercises and a mandatory project-based group work.
The course include the following parts:
1) Introduction: What are economic and business experiments and why use them?
a) Market and game theory experiments
b) Decision theory experiments
c) Field and survey experiments
2) Principles of experiments – Validity, control and limits.
3) Choice of experimental design – Subjects, repetition, matching, payment.
4) Programming a computerized experiment using zTree
5) Conducting experiments – Instructions, testing, recruiting, sessions.
6) Measuring techniques – Eliciting beliefs, risk attitudes, social preferences.
7) Evaluating experimental data – A short overview
Formats and requirements for examinationPassed exam.
Passed project work.
- If the student fails a test, the examiner may give the student a supplementary assignment, provided this is possible and there is reason to do so.
- If the student has been granted special educational support because of a disability, the examiner has the right to offer the student an adapted test, or provide an alternative assessment.
- If changes are made to this course syllabus, or if the course is closed, SLU shall decide on transitional rules for examination of students admitted under this syllabus but who have not yet passed the course.
- For the examination of a degree project (independent project), the examiner may also allow the student to add supplemental information after the deadline. For more information on this, please refer to the regulations for education at Bachelor's and Master's level.
- The right to take part in teaching and/or supervision only applies to the course date to which the student has been admitted and registered on.
- If there are special reasons, the student may take part in course components that require compulsory attendance at a later date. For more information on this, please refer to the regulations for education at Bachelor's and Master's level.
Additional informationThe specific entry requirements can also be fulfilled through four years of completed studies at the Forest Science programme with specialization in business administration.
Entry requirements can also be met by students who are admitted to the agricultural programme and have the knowledge equivalent to 180 credits at undergraduate level out of which at least 60 credits in business administration or economics, and have taken (and been approved) the FÖ0449 (Företagsbeslut & mikroekonomi) och FÖ0373 (Lantbruksekonomi och driftsplanering) or NA0179 (Econometrics and programming). Level of English equivalent to upper secondary school English.
Students admitted autumn 2015 or earlier: the requirement of FÖ0449 can be replaced by the course FÖ0395 and the requirement of NA0179 can be replaced by the course NA0161.