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Course Syllabus

Course Syllabus


 

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Bachelor 2023/2024

Behavioral Economics

Type: Elective course (Economics and Statistics)
Area of studies: Economics
Delivered by: Department of Theoretical Economics
Where: Faculty of Economic Sciences
When: 4 year, 3 module
Mode of studies: offline
Open to: students of one campus
Instructors: Soubhagya Sahoo
Language: English
ECTS credits: 3
Contact hours: 40

Course Syllabus

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Abstract

While traditional microeconomics assumes rationality in human behavior, reality often deviates from this assumption. Humans frequently demonstrate psychological biases in their economic choices. This advanced elective course aims to delve into these biases, offering a comprehensive exploration of contemporary behavioral models that explain this 'irrationality'. The focus is on applying these models to understand the economic decisions of individuals, particularly in developing countries. The course unfolds in three segments: first, it presents a broad spectrum of findings from behavioral economics to illustrate real-world economic decision-making; second, it equips students with theoretical frameworks and modeling techniques to analyze these biases; and third, it introduces the emerging domain of 'behavioral' development economics.