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ES52054: Behavioural economics

[Page last updated: 14 August 2024]

Academic Year: 2024/25
Owning Department/School: Department of Economics
Credits: 5 [equivalent to 10 CATS credits]
Notional Study Hours: 100
Level: Masters UG & PG (FHEQ level 7)
Period:
Semester 2
Assessment Summary: EXCB 100%
Assessment Detail:
  • 2 hours, closed book exam (EXCB 100%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites:
Learning Outcomes: A knowledge and understanding of strengths and weaknesses of the "rational actor" framework used in economics. An understanding of behavioural models and associated mathematical techniques, along with applications and policy implications of those models. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.


Synopsis: Study how to develop models that are motivated by empirical evidence of individual behaviour rather than assumptions about rationality. You'll gain a critical appreciation of the theoretical tools used in these relatively new but increasingly important areas of economics. This unit will help you to develop skills that you can use in a variety of applied economic contexts.

Content: Decision making under uncertainty including prospect theory, intertemporal choice, bounded rationality, behavioural game theory, utility and happiness, economic experiments

Course availability:

ES52054 is Optional on the following courses:

Department of Economics

Notes:

  • This unit catalogue is applicable for the 2024/25 academic year only. Students continuing their studies into 2025/26 and beyond should not assume that this unit will be available in future years in the format displayed here for 2024/25.
  • Courses and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.