During the course you will extend your understanding about classical microeconomic theories and realize the gap between real life decisions and what the theories predict. You will learn to use the methods, central results, and theories of behavioural economics to explain behaviors, and their imlications for the other fields of economics, and for microeconomics and industrial organization in particular. The course offers a master-level overview into behavioural decisions, behavioural games, dynamic behavioural decisions, as well as applications thereof.
Doctoral students can also take this course.
The course changes name to Behavioral Economics from 1.8.2021.
You are familiar with modelling in economics and in particular the novel perspectives that behavioural economics provides. You have the capacity to apply the ideas to competition and consumer policy.
|Efter avlagd kurs kan du
- enlist and distinguish the various purposes of modelling in economics and in particular the novel perspectives that behavioural economics provides
- recognize and explain some of the core behavioural economics concepts
- solve theoretical behavioural economics models, derive economic implications and relate them to those of non-behavioural economic models
- critically evaluate why mathematical models are applied in economics and what limitations they have
Understanding of microeconomics at an intermediate level. Knowledge in Intermediate microeconomics and Economics of Strategy is essential.
|Studerandes totala arbetsmängd
134 hours divided into
Scheduled (contact) hours: 40 hours
Non-scheduled work: 94 hours
• 28 h lectures,
• 12 h Exercise groups,
• Written assignments (mandatory)
• Economics decision experiments in the internet (mandatory)
• Class room experiments
• Exam (mandatory)
|Litteratur och undervisningsmaterial
- Wilkinson, N. & Klaes, M. (2012). An introduction to behavioural economics. Houndmills, Basingstoke: Palgrave Macmillan. (or first edition with Wilkinson as the only author)
- Dhami, S. (2016). The Foundations of Behavioural Economic Analysis. Oxford: Oxford University Press. ISBN: 9780198715535
- Friedman, D. & Sunder, S. (1994). Experimental methods: A primer for economists. Cambridge: Cambridge University Press.
- Lecture notes
- Supportive readings
|Examination och bedömning
Written examination, assignments, group work
• 100% exam
• or 80% exam and 20% excercises and class/online experiments
• or 80 exam and 20% term paper
depending on whatever is best for the student
Students who have completed the earlier course Behavioral and Experimental Economics (6 ECTS, course code 2685) cannot take this course.
|Fristående studier (Öppna universitetet, JOO och samarbeten)
Open university quota: 3
Quota for JOO-students: 3