ECC3600 Experimental economics
Faculty of Business and Economics
ECC3600 Experimental economics is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2024 in Semester 1 at Clayton. It needs ECC1000, ECF1200, ECB1101, ECW1101 or ECX1200.
- Credit points
- 6
- Offered in 2024
- Semester 1
- Clayton
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2024 handbook entry. See the 2027 entry.
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Requisites
Before ECC3600
After ECC3600
No unit lists ECC3600 as a prerequisite in the 2024 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Overview
This unit offers an introduction to experimental economics, its methods, applications, and scope to understand and affect everyday behaviour. Economic experiments have become a popular tool to test economic theory and to understand the causes for individual decisions, social decisions, and behaviours in markets. In this unit we provide examples on how economic experiments are useful to advance theory and predict economic decision-making. In addition, we provide you with the knowledge on how to design, conduct, and apply economic experiments.
Offerings in 2024
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand economic experiments as a scientific method
- 2
understand the scope of economic experiments
- 3
identify real situations in which experiments can be enlightening
- 4
design an experiment capturing a real situation.
Workload and teaching
- Tutorials12 hours
- Seminars24 hours
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Where it fits
ECC3600 is part of 4 areas of study in the 2024 handbook.
Contacts
- Chief Examiners
- Associate Professor Xiaojian Zhao
Common questions
What are the prerequisites for ECC3600?
You need ECC1000, ECF1200, ECB1101, ECW1101 or ECX1200 before you enrol. Enrolment rules also apply.
When is ECC3600 offered?
In 2024, ECC3600 runs in Semester 1 at Clayton.
How much work is ECC3600?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC3600 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ECC3600?
ECC3600 is part of Behavioural commerce, Economic analysis and Economics.