Numbering Code	U-ECON00 20020 SJ43	Year/Term	2022 ・ First semester
Number of Credits	2	Course Type	Seminar
Target Year	2nd year students	Target Student
Language	Japanese	Day/Period	Wed.4
Instructor name	IDA TAKANORI (Graduate School of Economics Professor)
Outline and Purpose of the Course	Introduction to Behavioral and Experimental Economics 1 (+ sub-seminars of “Micro Economics” and “Econometrics”)
Course Goals	We will be taking turns in reading textbooks relating to behavioral economics and experimental economics, learning the foundations of these subjects.
Schedule and Contents	Ida’s seminars focus on the two fields of behavioral economics and experimental economics. Students will be learning about practical contemporary economics that are useful in tackling actual economic problems. In order to understand such contemporary economic subjects, 1st and 2nd year students who are just starting to take classes in specialized fields will need to first make sure they have a foundational understanding of microeconomics and econometrics. However, it is quite difficult to study both microeconomics and econometrics on one's own. Hence, at the Ida 2nd year seminar, students will be studying microeconomics and econometrics autonomously, but with a senior student helping them as a tutor. It would also be advisable to participate as an observer in the 3rd and 4th year seminars held during the 5th period on Tuesdays, in order to get an introduction on behavioral economics and experimental economics as well. 　Students who have completed Ida’s 2nd year student seminars are not required to proceed to the seminar for 3rd and 4th year students. Similarly, the 2nd year seminar is not a pre-requisite for attending the seminar for 3rd and 4th year students. I will be organizing an orientation meeting where further details will be provided, so please use this meeting to ask any questions. 　Behavioral economics does not posit a rational economic actor, in the manner of mainstream economics. Rather, it is a field of economics, which places emphasis on the limited rationality of human beings, and values looking at the economic and psychological aspects of how human beings actually make choices and behave. In 2002, Daniel Kahneman was awarded the Nobel Prize for Economics for his contributions to behavioral economics. In 2013, Robert J. Shiller also received the Nobel Prize in Economics for his contributions to behavioral finance. In more recent times, Richard Thaler received the Nobel Prize in 2017 for his work in behavioral economics. In contrast to the theoretical and hypothetical nature of economics, experimental economics seeks to apply experimental methods to the field, either in laboratory-like conditions, or out in the field. Ida’s research department is particularly accomplished when it comes to conducting randomized comparison social experiments. In 2002, Vernon L. Smith was awarded the Nobel Prize in Economics for his contributions to experimental economics.
Evaluation Methods and Policy	Marks for attendance and reports.
Course Requirements	Participation in the sub-seminars hosted by the Ida seminar group.
Study outside of Class (preparation and review)	Instructed during class
Textbooks	Textbooks/References	Ida Takanori,『行動経済学』 (Ch?k? Shinsho)
References, etc.	Introduced during class