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Description
Description:
The purpose of this module is to provide students an overview of research in Behavioural Economics, a field of economics that draws on knowledge in psychology to capture important aspects of human behaviour and social interactions that standard economic models cannot explain.
Teaching delivery
This module will be delivered using a flipped learning method using a mix of synchronous and asynchronous materials and engagement opportunities. This module is taught in asynchronous pre-recorded videos, weekly live lectures, and 3 PGTA-led tutorial sessions.
Indicative Topics- based on module content 2023/24, subject to possible changes
Some topics that we cover in the module include: Heuristics and Biases, Decision Making under Uncertainty, Prospect Theory, Reference Dependence, Intertemporal Choice, Social Preferences, Bounded Rationality, as well as Nudges. Throughout this module, we link theory to practice and discuss empirical applications in areas and topics such as consumer choice, saving behaviour, procrastination, education, labour supply, finance and policy making.
Objectives of the module
At the end of the course, students should be able to:
- Understand how Behavioural Economics builds on traditional economic models and psychology
- Demonstrate knowledge of some of the main theoretical and empirical findings, and apply the main concepts from this field to a variety of contexts
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Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 19th August 2024.
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