Behavioural Economics: Theory and Applications

Behavioural Economics: Theory and Applications

Year: 2018-2019
Course code: ECON4049
Course credits: 15
Taught: Semester 2
Course co-ordinator: Professor Sayantan Ghosal
Course Lecturers: Professor Sayantan Ghosal
Entry requirements: Normally admission to an honours programme in Economics.
Available to visiting students: Yes
Contact for more information: Gillian Weir

Course description

Behavioural Economics makes assumptions about human agents that are grounded in empirical work in psychology and experiments (whether in the laboratory or in the field). This course will focus on conceptual foundations (core assumptions and models), problem solving and applications to topics such as psychology of poverty, boundedly rational consumers and behavioural finance: the emphasis will be on insights about human behaviour and institutions that are new, interesting and policy-relevant. This course is relevant for both students in development and finance programmes.

Learning and teaching methods

20 hours of lectures (10 x 2 hours), Friday 09:00-11:00, and 4 1-hour tutorials (held fortnightly at varying times).

Course texts

1.  Erik Angner, A Course in Behavioral Economics, Palgrave Macmillan 2012

2. Nick Wilkinson and Matthias Hales, An Introduction to Behavioral Economics, 2nd Edition, Palgrave Macmillan 2012

Assessment

A take-home exam (30%)
A 2-hour degree exam (April/May) (70%)