University of Technology Sydney

23993 Research in Behavioural Economics

Warning: The information on this page is indicative. The subject outline for a particular session, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.

Subject handbook information prior to 2024 is available in the Archives.

UTS: Business: Economics
Credit points: 0 cp

Subject level:

Postgraduate

Result type: Pass fail, no marks

There are course requisites for this subject. See access conditions.
Anti-requisite(s): 23973 Research in Behavioural Economics

Description

This subject is an introduction to behavioral economics. This subject explores ways that psychological research indicating systematic departures from classical economic assumptions can be translated into formal models that can be incorporated into economics.

Subject learning objectives (SLOs)

Upon successful completion of this subject students should be able to:
1. Produce and interpret evidence of departures from classical economic theory
2. Formalize evidence into models in order to generate testable predictions
3. Explore economic implications of behavioral models

Contribution to the development of graduate attributes

This subject enables students to develop a comprehensive knowledge in a field of study. More specifically, it contributes to the development of the following graduate attributes:

  • Business knowledge and concepts
  • Critical thinking and analytical skills
  • Business practice oriented skills

Teaching and learning strategies

The subject will be taught using a combination of lectures and tutorials. There is no course textbook.

Content (topics)

  • Reference-dependence and prospect theory
  • Social preferences
  • Limited rationality
  • Time-inconsistent preferences
  • Behavioral Industrial Organization
  • Biases in probability judgments

Minimum requirements

Students must achieve at least 50% of the subject’s total marks.

Required texts

No required texts. Lecture notes and academic papers will be sufficient resources for the course.