Behavioural Economics

Module Code BSMP001
Semester Autumn
Prerequisite N/A
Level 11
Credit Value 20
Module Co-ordinator Dr Conny Wolbrant
Assessment 60% Coursework, 40% examination

MODULE INTRODUCTION, AIMS AND OBJECTIVES

The purpose of this course is to provide a graduate level introduction to the principles of behavioural economics relevant to the MSc in Behavioural Science. In particular the module aims to:

  •  Provide an overview of the key areas of intersection between economics and psychology.
  • Enable students to develop a detailed understanding of the key concepts of behavioural economics (e.g. Overview of Economics; Rationality; Utility; Choice under uncertainty; Judgment, Biases and Heuristics; intertemporal choice; Affective forecasting; emotion; identity, compliance, social influences)
  • To introduce students to core areas of economics and psychology such as judgment, rational choice, intertemporal decision making and emotion-based decision-making. 

LEARNING OUTCOMES AND SKILLS DEVELOPED

RECOMMENDED READING LIST

The core text book for this module is:

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Additional readings:

1. Camerer, Loewenstein & Rabin (2004) Advances in Behavioral Economics

2. Frey & Stutzer (2007), Economics and Psychology: A Promising New Cross-Disciplinary Field

3. Loewenstein (2007), Exotic Preferences: Behavioral Economics and Human Motivation

4. Shafir (2013), The Behavioral Foundations of Public Policy
5. Angner (2012), A Course in Behavioural Economics
6. Wilkinson & Klaes (2012) An Introduction to Behavioural Economics
7. Varian (2008), Intermediate Microeconomics

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