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E878 Advanced PhD Seminar in Experimental Economics - Spring 2015

Seminar convenors: Prof. Dr. Henrik Orzen and Prof. Stefan Penczynski, PhD.

In this seminar participants present and discuss their current research as well as ideas for future research. If you are interested in the seminar, please contact one of the seminar convenors by email.

 

 

E551 Experimental Methods in Economics - Spring 2015

Lecturer: Prof. Dr. Henrik Orzen

Once viewed as an exotic niche area, experimental economics has over the last few decades developed into a mainstream tool of fundamental empirical research in our field. This module will provide an introduction to experimental methods in economics. We will examine specific topics in experimental economics, and also discuss various methodological questions regarding experiments, their design and their analysis. The assessment will be based on a final exam and on a project in which participants will design an experiment on their own.

 

 

BE 511 Business Economics 2 - Spring 2015

Lecturer: Prof. Dr. Henrik Orzen

Problem classes: Mr Giuseppe Corbisiero, Ms Joy Tsai and Ms Katharina Momsen

Building on BE 510 Business Economics 1, this module provides an introduction to economic models of strategic decision-making and behavior of firms in the context of oligopolistic competition. Topics include output and pricing strategies, the economics of collusion, market structure, market entry decisions and product differentiation. Some of these topics require a degree of analytical rigor and we will make use of some game-theoretical and mathematical methods.

Exam script viewing: If you took the exam in June you can look at your exam script on Wednesday, 23 September (between 10.00 am and 12.30 pm). If you took the exam in September you can look at your exam script one week later, on Wednesday, 30 September (again between 10.00 am and 12.30 pm). If you wish to look at your script, please send an email to our office (Ms Yvonne Reiter). Late requests will not be accepted. Please note that we cannot offer individual feedback. Please read the general feedback document on ILIAS. If you think that the grading of one of your answers was unduly harsh, leave a note or email us explaining your case, and we will get back to you as soon as possible. Please refrain from fishing for points without valid reason.

 

 

Biases in economic decision making - Block seminar - Spring 2015

Seminar convenor: Prof. Dr. Henrik Orzen

This seminar introduces students to a range of empirical and experimental findings that indicate systematic biases in human decision making. While our brains can perform many complex tasks, there is evidence that humans tend to commit specific cognitive errors in certain types of situations. Sometimes, such evidence is debated controversially in the literature. Several topics from this area will be discussed in the seminar.

The course will be held as a block seminar on Friday, 13 February, and Friday, 20 February. The seminar is targeted at advanced undergraduate students. To register you must have completed Microeconomics B (or equivalent). The course language will be English.

Criteria for assessment are active participation, a presentation, a handout and a seminar paper.

A list of topics can be downloaded here. If you wish to take part in the seminar, please send an e-mail to Ms Reiter. The registration period is from 17 to 21 November 2014. Please name your three most-preferred topics in your application. You are also welcome to propose a topic yourself. In that case please get in touch with Professor Orzen first. We will employ a first-come first-serve approach (e-mails arriving before the registration period will be disregarded). Should the seminar be full we will inform you and add your name to a waiting list. Please inform us if you are no longer available.

 

 

E878 Advanced PhD Seminar in Experimental Economics - Fall 2014

Seminar convenors: Prof. Dr. Henrik Orzen and Prof. Stefan Penczynski, PhD.

In this seminar participants present and discuss their current research as well as ideas for future research. If you are interested in the seminar, please contact one of the seminar convenors by email.

 

 

E883 Topics and Projects in Experimental Economics - Fall 2014

Lecturers: Prof. Henrik Orzen and Prof. Stefan Penczynski

This module is intended to introduce PhD students to current topics in Experimental and Behavioral Economics and to familiarize them with recent advances in the field. The course will be delivered via a mix of lectures, joint readings of papers, in-class discussions and project work. The lectures will provide introductions to various topics and give relevant background information. Selected papers from the recent relevant literature will be discussed in depth. For this to work all participants will have to read these papers in advance. Over the course of the semester each student is expected to lead the in-class discussion of two of the papers. The module will also provide a forum for students to discuss research ideas and preliminary work. In fact, students are expected to develop a research project of their own and present their advances, experimental design or data. This can be done individually or in pairs.

 

 

BE 510 Business Economics 1 - Fall 2014

Lecturer: Prof. Dr. Henrik Orzen

Problem classes: Johannes Dittrich, Longfei Lu, Christoph Wolf

This module will start with a brief review of standard models of choice, including choice under risk, and then move on to an extended introduction to non-cooperative game theory. Strategic decision making and relevant solution concepts for games of complete and incomplete information will be covered in detail. The course will close with a discussion of basic notions in the economics of information. An important aim is to convey an understanding and a working analytical knowledge of how economists model decision making.

Remarks:

  • This one-semester module is available only to students on the Mannheim Master in Management (MMM) program.
  • There are no formal prerequisites but it will be assumed that participants are familiar with introductory microeconomics at bachelor level.
  • The module is offered in two parallel, identical streams of weekly lectures. In addition students attend weekly problem classes.
  • Lectures and problem classes will be held in English.

Downloads: Module materials are available on ILIAS. To get access you may have to join the BE 510 e-learning group on the student portal.

NEW: Exam script viewing: This will take place on Monday, 9 March. If you wish to look at your script, please send an email to our office (Ms Yvonne Reiter) to book a time slot. Late requests will not be accepted. Please note that we cannot offer individual feedback. A general feedback document will be provided. If you think that the grading of one of your answers was unduly harsh, leave a note or email us explaining your case, and we will get back to you as soon as possible. Please refrain from fishing for points without valid reason.

 

 

Biases in economic decision making - Block seminar - Fall 2014

Seminar convenor: Prof. Dr. Henrik Orzen

This seminar introduces students to a range of empirical and experimental findings that indicate systematic biases in human decision making. While our brains can perform many complex tasks, there is evidence that humans tend to commit specific cognitive errors in certain types of situations. Sometimes, such evidence is debated controversially in the literature. Several topics from this area will be discussed in the seminar.

The course will be held as a block seminar on Friday, 14 November, and Friday, 21 November. The seminar is targeted at advanced undergraduate students. To register you must have completed Microeconomics B (or equivalent). The course language will be English.

Criteria for assessment are active participation, a presentation, a handout and a seminar paper.