Through making decisions in classroom experiments, at the end of each meeting, you will experience many different managerial decision situations first hand. This trains your empathy, strategic thinking, and social interaction skills.
After the lecture, descriptions of the situations (experimental instructions), anonymized data sets containing the decisions of participants, and a number of questions on each experiment will be posted online. The questions guide you in the analysis of the situations and data. Analyzing the situations and your own decisions with formal and informal tools lets you practice logical thinking, sharpens your economic intuition, and improves your knowledge about managerial and economic behavior. Analysis can be done individually or in groups of up to 3 people.
At the beginning of each class, a number of students will be (more or less randomly) selected to present their analysis. Presentations are individual (and individually marked), each student is expected to be able to present on each question. Presenting your results in class improves your structuring and communication skills.
Presentations are followed by (moderated) group discussions involving all students in class. You will learn from each other and train your argumentation and discussion skills.
Necessary game-theoretical background will be provided to you in (partly online) lecture form and preparation slides. Lecture slides will be made accessible after class. Understanding the economic theory will give you more insight into strategic behavior, and improve your analytical skills.
As part of this course will be taught online, the tool-kit of interaction will expand as in handing in the homework-analysis in written form and discussions that include chat windows and polls, as well as virtual class preparation such as videos and slides for self-learning.