First-Year Seminar in Economics (3) Experiments in microeconomic principles.
ECON 083S First-Year Seminar in Economics (3)
(BA) This course meets the Bachelor of Arts degree requirements.
The principal objective of the course is to engage students in active learning of macroeconomic principles, by using economic experiments to exploit the natural curiosity of students about economic affairs. Through these experiments, students will have an opportunity to ponder the questions, rather than simply being given answers. By the end of the course, students should have a good grasp of basic principles of microeconomics, and they will also have learned how to carry out and prepare written reports of laboratory experiments in economics. Students will work in teams, do analyses of the data generated by the in-class experiments, and prepare written reports of these analyses in lab reports. They will also be assigned homework to be done in the same groups and designed to help them solidify the ideas that they have explored. The textbook for the course will be Bergstrom and Miller, Experiments in Economic Principles (1997), which includes 13 experiments covering the topics identified in the previous section.
The course provides an introduction to macroeconomic principles based on laboratory experiments, with students who serve to conduct the experiments and also serve as participants. As such, it constitutes an excellent introduction to a major branch of economics. The course also will be a general education and Bachelor of Arts social/behavioral sciences course.
Note : Class size, frequency of offering, and evaluation methods will vary by location and instructor. For these details check the specific course syllabus.