Instructor: Associate Professor Rimvydas Baltaduonis
Microeconomic theories attempt to explain the decisions that individuals and firms make about spending time, money, and other scarce resources. In this engaging microeconomics seminar, students actively participate in a series of hands-on scenarios designed to test hypotheses and develop models of economic behavior. It covers topics such as competition, bargaining, cooperation, public goods, market design, theories of fairness and learning, social issues like discrimination and gender effects, neuroeconomics. Participants study the core ideas of microeconomics by discussing and writing about their experiences and observations from the classroom exercises. In addition, students develop their programming skills by writing software code for original economics experiments of their own.