Master 2024/2025

Behavioral Economics

Type: Elective course (Economics and Economic Policy)

Area of studies: Economics

Delivered by: Department of Theoretical Economics

Where: Faculty of Economic Sciences

When: 2 year, 3 module

Mode of studies: offline

Open to: students of all HSE University campuses

Instructors: Soubhagya Sahoo

Master’s programme: Economics and Economic policy

Language: English

ECTS credits: 3

Course Syllabus

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.