23993 Research in Behavioural Economics
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Subject handbook information prior to 2025 is available in the Archives.
Credit points: 0 cp
Subject level:
Postgraduate
Result type: Pass fail, no marksThere 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)
| 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. Lectures slides and lists of academic papers will be provided and are sufficient.