Module Catalogues, Xi'an Jiaotong-Liverpool University   
Module Code: ECO227
Module Title: Experimental Economics and Finance
Module Level: Level 2
Module Credits: 5.00
Academic Year: 2020/21
Semester: SEM1
Originating Department: International Business School Suzhou
Pre-requisites: ECO101 ECO109 ECO118
This module aims to provide students with an understanding and appreciation of an alternative approach to analysing problems in economics and finance, given that in the real world human beings are not pure rational. This module will prepare students for the study of more technical modules in behavioural or financial topics in the future.
Learning outcomes 
A Demonstrate understanding of the core concepts and models used in experimental economics and experimental finance.

B Critically evaluate human behaviour and market anomalies with bounded rationality.

C Demonstrate the ability to design and implement lab experiments and field surveys.

D Demonstrate the ability to read, understand, and summarize academic articles in relevant fields.

Method of teaching and learning 
The module will be delivered via a combination of lectures and tutorials.

Lectures will be delivered every week, which will be designed to provide essential information and introduce students to the basic tools of analysis.

Tutorials will consolidate and extend the material introduced in the lectures.
Students are expected to do some in-depth analysis of specific problems of experimental methods in economics and finance.

Introduction to Experimental Methods in Economics and Finance

Bounded Rationality

Prospect Theory

Mental Accounting

Anchoring Effect

Investor Sentiment

Herd Behaviour

Bubbles and Crashes

Gambler’s Fallacy

Design of Lab Experiment and Field Experiment

Frontiers of Experimental Methods in Economics and Finance

Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total
Hours/Semester 26    12      112  150 


Sequence Method % of Final Mark
1 Group Project 15.00
2 Essay 15.00
3 Final Exam 70.00

Module Catalogue generated from SITS CUT-OFF: 6/3/2020 1:57:04 AM