26813 Behavioural Decision Making
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Credit points: 3 cp
Result type: Grade and marks
There are course requisites for this subject. See access conditions.
Description
This subject introduces students to a rapidly expanding area of economics and provides students with an understanding of important concepts from both psychology and economic theory. The subject material addresses current applications of Behavioural Economics tools in the industry and government.
Subject learning objectives (SLOs)
| 1. | apply insights from psychology and other related disciplines in economic situations |
|---|---|
| 2. | interpret the role of behavioural factors in decision making |
| 3. | analyse behavioural and experimental studies |
Contribution to the development of graduate attributes
This subject introduces students to a rapidly expanding area of economics and provides students with an understanding of important concepts from both psychology and economic theory. This understanding will allow them to analyse a wide range of situations and behaviour with a new length. The subject material addresses current applications of Behavioural Economics tools in the industry and government.
This subject contributes to developing the following graduate attribute(s):
- Intellectual rigour and innovative problem solving
- Professional and technical competence
Teaching and learning strategies
This subject is delivered through a mix of online learning, three live online webinars and online consultations. The subject features a mix of theoretical concepts and application in the contemporary context that is designed to apply evidence-based judgement, analytical and creative skills to solve complex business problems.
Students have access to online resources, and self-directed learning activities and are expected to study online content provided via the UTS learning management system. They are required to complete online learning activities, which will help identify knowledge gaps and inform discussions. They are required to engage in online discussions with their peers and academics. Webinars are designed to present the theory and practice of the subject’s content. Students are required to complete pre-work activities before attending webinars. Discussions focus on the application of concepts, techniques, and methods.
A mandatory, online formative assessment provides students with further feedback to direct their self-study. Ongoing general and individual feedback will be provided throughout the subject via consultation sessions. A summative assessment provides feedback on students' comprehension and application of learning. Students also receive formal feedback on assessment tasks.
Content (topics)
- Reference dependence
- Context effects, Heuristics, and Biases
- Risk Preferences
- Time preferences
- Nudge
Assessment
Assessment task 1: Online Quiz (Individual)*
| Objective(s): | This addresses subject learning objective(s): 1 and 2 |
|---|---|
| Weight: | 40% |
| Criteria: |
*Note: Late submission of the assessment task will not be marked and awarded a mark of zero. |
Assessment task 2: Report (Individual)
| Objective(s): | This addresses subject learning objective(s): 1, 2 and 3 |
|---|---|
| Weight: | 60% |
| Criteria: |
|
Minimum requirements
Students must achieve at least 50% of the subject’s total marks.
References
[Optional] Angner, Erik. A course in behavioral economics. Macmillan International Higher Education, 2012.