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PS52041: Contemporary issues in the understanding of decision-making

[Page last updated: 22 August 2024]

Academic Year: 2024/25
Owning Department/School: Department of Psychology
Credits: 45 [equivalent to 90 CATS credits]
Notional Study Hours: 900
Level: Masters UG & PG (FHEQ level 7)
Period:
Semester 2
Assessment Summary: CWDI 90%, CWOG 5%, CWVI 5%
Assessment Detail:
  • Group oral presentation (CWOG 5%)
  • Poster presentation (CWVI 5%)
  • Dissertation (CWDI 90%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: Before taking this module you must take PS52057 AND take PS52058
Learning Outcomes: By the end of the unit, the students should be able: To continue development of an interdisciplinary perspective on how humans make, and how to predict, choices To select and justify the focus, scope and methodology of a study in applied psychology and economic behaviour To carry out independent research in human decision making To critically review, employ and engage with the appropriate literature on the study area To draw appropriate conclusions from the research study, being aware of its strengths and limitations To effectively and efficiently, apply principles of psychology and economics To present independent analysis, argument and/or application of theory in a coherent fashion To develop critical, analytical problem-based learning skills


Synopsis: Significantly advance your knowledge of behavioural economics and human decision-making. Taking an interdisciplinary approach, you will undertake innovative research to gain a deeper understanding of human decision-making, engaging a wide variety of the skills and knowledge you'll develop throughout the course. The topics covered, which will include contemporary real-world issues, will help to form the basis of your dissertation, with the aim of providing novel insight into the field.

Content: This unit provides students with the opportunity to further consolidate an interdisciplinary perspective at the intersection between Psychology and Economics. Students will work on their dissertation which will apply acquired knowledge from semesters 1 and 2 to address a knowledge gap and/or application relevant to behavioural economics. The unit affords each student the opportunity to deeply explore topics from an interdisciplinary viewpoint. This unit encompasses both a taught component and a series of small-group tutorials in which students will obtain an enriched learning environment. Topics may include: Applications of an interdisciplinary perspective to understanding contemporary knowledge gaps in economic behaviour, for example, attitudes to environment or financial decision-making How to create enriched models designed to predict human decision-making, taking into account psychological variables The application of social psychology to multi-agent economic behaviour Applications of neuroscience and psychophysiology to understanding human decision-making (Neuroeconomics) The impact of human psychological development on the decisions we make Individual differences in decision-making The impact of emotions on economic decision-making Behaviour change as regards economic choice behaviour

Course availability:

PS52041 is a Must Pass Unit on the following courses:

Department of Psychology

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.