Abstract
Abstract This paper deals with classroom experiments in economics, which have been derived from laboratory experiments. These experiments cover a broad range of topics, from strictly economic ones (like market games or auctions) to those with overlaps to other domains such as public policy. The paper discusses different methodologies of research and classroom experiments, introduces the benefits of the latter and presents a concrete teaching experiment used in public economics courses at the Faculty of Economics and Administration of Masaryk University. Another link between economic experiments and public policy is outlined here as well, namely the importance of experimental results for public policy makers.
Highlights
The importance and recognition of experimental economics have grown during the past decades
This paper deals with classroom experiments in economics, which have been derived from laboratory experiments
Even though the emphasis is laid on economic classroom experiments, the majority of those used in public economics courses have overlaps to public policy issues
Summary
The importance and recognition of experimental economics have grown during the past decades. It is not surprising that laboratory experiments have started to penetrate and overlap with other domains such as economics teaching or even public policy making. This paper deals with teaching experiments as a part of experimental economics These experiments may be used, among other, in public economics or public policy courses. Even though the emphasis is laid on economic classroom experiments, the majority of those used in public economics courses have overlaps to public policy issues. There is another link between economic experiments and public policy which is outlined in this paper: the importance of experimental results for public policy makers
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