Unit name | Behavioural Economics |
---|---|
Unit code | EFIM30027 |
Credit points | 20 |
Level of study | H/6 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Dr. Koenig |
Open unit status | Not open |
Pre-requisites |
EFIM20033 Intermediate Microeconomics AND |
Co-requisites |
None |
School/department | School of Economics |
Faculty | Faculty of Social Sciences and Law |
Modern economics has started to use models where economic decision making and action is not completely rational. This unit will consider theories of and evidence for such behaviour. The main topics covered in this course are: Prospect Theory, Time-Inconsistency, Non-standard beliefs, Economics of Happiness, Framing, Heuristics, Neuroeconomics, Emotions.
On successful completion of this unit a student will be able:
Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities
Online piece of assessment over 4 days (held during the assessment period)
Specific readings – mainly journal articles – are provided at the beginning of the course. Some useful background readings on Behavioural Economics are: