ECON 251: Behavioral Economics

Number of Sections: 1 | Days and Times: T&TH (13:30-15:10 ICT)

Course Description

In the course, we will study how behavioral economists explain a range of psychological and social phenomena, and how those explanations differ from standard economic ones. Likely topics include drug use, sex, crime, gambling, over-eating, overconfidence and procrastination. In particular, we will study various ways in which (apparent) irrationality influences people’s judgment and decision-making.

 Behavioral economics is invaluable to anyone with an interest in human behavior. It is particularly relevant to those with an interest in economics, management, marketing, industrial organization, public policy, and the psychology of judgment and decision-making. No previous acquaintance with behavioral economics is necessary.

Prerequisites: ECON 110: Introduction to Microeconomics