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Experimental Economics
ECON A333, Fall 2017

Class Times
Days: Tues Thurs
Time: 10-11:15 AM
Location: 204 Rasmuson Hall

Office Hours
by appointment

Instructor
Jim Murphy
murphy 'AT' uaa.alaska.edu
<replace 'AT' with @>
(907) 786-1936

Description

Learn more about the growing field of experimental economics that was awarded the Nobel Memorial Prize in Economics.

About once a week, students will actively participate in an economics experiment. This gives students the opportunity to experience economics first-hand and learn how people actually respond to economic incentives.

These experiments are a lot of fun and are a great break from the typical everyday lecture format! All majors are welcome!

Topics will include:

  • How do notions of fairness and reciprocity factor into individual economic
    decisions?
  • Can we explain why people voluntarily contribute to providing public goods,
    maintain a common pool resource or engage in collective action?
  • How and why do markets work? When do they fail?
  • How do we design new markets (e.g., electricity deregulation)
  • How can private property rights be used to facilitate more efficient use of our
    natural resources and provide improved environmental quality?


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