Behavioural Economics: Psychology and Economics ECON2013  - Details

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Later Year Course


Offered By: School of Economics
Academic Career: Undergraduate
Course Subject: Economics
Offered in: Second Semester, 2010
Unit Value: 6 units
Course Description: This course aims to expose students to the area of behavioural economics and compare and contrast its approaches to those of traditional neoclassical economics.
Learning Outcomes:

To develop skills to

  1. apply effectively the theories of behavioural economics to current debates;
  2. understand and be able to explain research in behavioural economics;

To assist students to gain proficiency i

  1. aspects of decision-making under uncertainty;
  2. theories of learning and knowledge;
  3. simple applied game theory;
To develop in students an appreciation of
  1. the debates on rationality, knowledge and  equilibrium in microeconomics;
  2. the role of equity considerations in microeconomics;
  3. the application of behavioural economics ideas to practical situations, both to explain observations and to suggest policy improvements.
Indicative Assessment: The assessment for this course will comprise a number of graded problem sets, a midterm examination and a final exam.
Areas of Interest: Economics, Management, and Psychology
Requisite Statement: ECON1101 Microeconomics 1 or ECON1100 Economics 1 (H).
Other Information: For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON2013