Course - Behavioral Economics - SØK2012
Behavioral Economics
About
About the course
Course content
The course assumes that individuals are not fully rational and motivated only by strict self-interest. Behavioral economics modifies the standard assumptions in economics, and takes into account that human rationality has its limitations and that people often have complex motives for what they do. Insights from psychology and neuroscience are used to modify the standard assumptions by including moral considerations, social interaction, attitudes to risk, etc. Examples of topics covered in the course: - Theory of decision-making behavior - Decisions under uncertainty and risk assessment - Decisions over time - Social preferences and justice - Game theory (strategic behavior?)
Learning outcome
Knowledge
You learn
- about important contributions from other fields of study to economics
- about how modified conditions can explain economic phenomena that can not be predicted from rationally optimizing behavior and what consequences this has for resource allocation and pricing about different games and methods and implications for financial outcomes
Skills
You should be able to
- understand and describe modified behavioral assumptions and explain how they affect financial outcomes
- critically explain the consequences of modified allocation prerequisites for resource allocation and pricing.
General competence:
You should be able to
- know important contributions to behavioral economics and be able to critically assess the importance of these for financial decisions
- to use insight from behavioral economics to critically evaluate economic claims presented in public debat
Learning methods and activities
2 hours of lectures every week and 2 hours of practical assignments every other week. The course has compulsory activity. Specific requirements will be announced at the beginning of the term.
Compulsory assignments
- Term papers and/or exercises.
Further on evaluation
In semester when the course is not taught, the examination form may change from written to oral.
Compulsory activity must be completed in the semester the course is taught. The approval also applies to later semesters.
Recommended previous knowledge
SØK1001/MET1001, SØK1020, SØK1021, SØK1022, SØK1023, SØK1024, SØK1025, SØK1026
Required previous knowledge
None
Course materials
Announced at the beginning of the term.
Subject areas
- Social Science
- Economics
- Social Sciences
- Economics
Contact information
Course coordinator
Department with academic responsibility
Examination
Examination
Ordinary examination - Autumn 2025
School exam
The specified room can be changed and the final location will be ready no later than 3 days before the exam. You can find your room location on Studentweb.