SØK2012 - Behavioral Economics


Examination arrangement

Examination arrangement: School exam
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
School exam 100/100 4 hours C

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


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


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.

Required previous knowledge


Course materials

Announced at the beginning of the term.

More on the course

Version: 1
Credits:  7.5 SP
Study level: Intermediate course, level II


Term no.: 1
Teaching semester:  AUTUMN 2024

Language of instruction: English

Location: Trondheim

Subject area(s)
  • Social Science
  • Economics
  • Social Sciences
  • Economics
Contact information
Course coordinator:

Department with academic responsibility
Department of Economics


Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD School exam 100/100 C INSPERA
Room Building Number of candidates
Spring ORD School exam 100/100 C INSPERA
Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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