Skip to main content

Unit information: Behavioural Economics in 2021/22

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. Christoph Koenig
Open unit status Not open

EFIM20033 Intermediate Microeconomics AND
EFIM20011 Econometrics 1
EFIM20038 Microeconomic Analysis AND
EFIM20010 Applied Quantitative Research Methods



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.

Intended learning outcomes

On successful completion of this unit a student will be able:

  • to analyse and discuss a wide range of issues in behavioural economics;
  • to learn about the conceptual problems in modelling and describing such behaviour;
  • to have an overview of the empirical evidence for such behaviours;
  • to understand the policy implications of boundedly rational behaviour.

Teaching details

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

Assessment Details

Online piece of assessment over 7 days (held during the assessment period)


If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM30027).