Economics
Behavioural Economics
Module code: L1083
Level 6
15 credits in spring semester
Teaching method: Lecture, Seminar
Assessment modes: Coursework, Unseen examination
On this module, you’ll study the psychological basis of economic behaviour. You’ll start with the standard model, where people are seen as rational agents who maximise expected utility with the information and choices they have.
You’ll study behavioural economics, focusing on:
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recent theories of economic behaviour
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evidence that challenges the rational agent model
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findings from different areas of economics
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alternative ways to understand decision-making
This will help you see both the strengths of mainstream economics and the ideas that question it.
Module learning outcomes
- Have demonstrated a systematic understanding of those principles at the forefront of economics as they relate to economic problems and issues
- Have demonstrated a systematic understanding of an appropriate number of specialised fields of economics (e.g. labour economics, development economics)
- Be able to use the power of abstraction to focus upon the essential features of an economic problem and to provide a systematic framework for the coherent and critical evaluation of the effects of policy or other exogenous events.
- Be able to analyse an economic problem or issue using an appropriate theoretical framework, recognise its limitations and appreciate uncertainties around such analyses.