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26037 Behavioral and Experimental Economics, 5 sp 
Kod 26037  Giltighet 01.01.1950 -
Namn Behavioral and Experimental Economics  Förkortning BehavioralExpEc 
Omfattning5 sp  Föråldringstid 10 år
TypFördjupade studier Läroämne260 Nationalekonomi 
SlagStudieperiod  Timantal  
Studierätt   BedömningStandardskala 
Rekom. prestationstid 
Ansvarig enhet Nationalekonomi, Helsingfors 

Wengström, Erik 


During the course you will learn to understand the methods, central results, and theories of both experimental and psychological (behavioural) economics, and their relation to other fields of economics, and to microeconomics and industrial organization in particular. The course offers a master-level overview into behavioural decisions, behavioural games, dynamic behavioural decisions, experimental economics and experiment settings, as well as applications thereof.

Doctoral students can also take this course.


You are familiar with modelling in economics and in particular the novel perspectives that behavioural economics provides. You have the capacity to apply the ideas to competition and consumer policy.

Efter avlagd kurs kan du 
  • enlist and distinguish the various purposes of modelling in economics and in particular the novel perspectives that behavioural economics provides
  • recognize and explain some of the core behavioural economics concepts
  • solve theoretical behavioural economics models, derive economic implications and relate them to those of non-behavioural economic models
  • critically evaluate why mathematical models are applied in economics and what limitations they have

Class-based course


International experiments


Understanding of microeconomics at an intermediate level. Knowledge in Intermediate microeconomics and Economics of Strategy is essential.

Studerandes totala arbetsmängd 

134 hours divided into
Scheduled (contact) hours: 40 hours
Non-scheduled work: 94 hours


• 28 h lectures,
• 12 h Exercise groups,
• Written assignments (mandatory)
• Economics decision experiments in the internet (mandatory)
• Class room experiments
• Exam (mandatory)

Litteratur och undervisningsmaterial 
  • Wilkinson, N. & Klaes, M. (2012). An introduction to behavioural economics. Houndmills, Basingstoke: Palgrave Macmillan. (or first edition with Wilkinson as the only author)
  • Dhami, S. (2016). The Foundations of Behavioural Economic Analysis. Oxford: Oxford University Press. ISBN: 9780198715535
  • Friedman, D. & Sunder, S. (1994). Experimental methods: A primer for economists. Cambridge: Cambridge University Press.
  • Lecture notes
  • Supportive readings
Examination och bedömning 

Written examination, assignments, group work

• 100% exam
• or 80% exam and 20% excercises
• or 80 exam and 20% term paper

depending on whatever is best for the student

Motsvarande kurser 

Students who have completed the earlier course Behavioral and Experimental Economics (6 ECTS, course code 2685) cannot take this course.

Fristående studier (Öppna universitetet, JOO och samarbeten) 

Open university quota: 3
Quota for JOO-students: 3


Pågående och kommande undervisning (anmälan kräver inloggning och giltig studierätt)
Funktionerna Namn Typ sp Kursansvarig Tidtabell
anmälningstiden har inte börjat Behavioral Economics, Hki  Kurs  Wengström, Erik 
25.10.21 -10.12.21 -

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