Overview
Research in economics has increasingly incorporated fields such as psychology, sociology, and biology. Together with this, the methods in economic research have expanded to include designed experiments and more recently advanced technology such as fMRI. Findings from such empirical research, along with interactions with other fields using the new methods, … For more content click the Read More button below.
Offerings
S2-01-CLAYTON-ON-CAMPUS
Requisites
Prerequisite
Rules
Enrolment Rule
Contacts
Chief Examiner(s)
Professor Erte Xiao
Unit Coordinator(s)
Professor Erte Xiao
Learning outcomes
On successful completion of this unit, you should be able to:
1.
understand neoclassical economics models of decision making and scientific findings showing how empirically individuals may depart from the predictions of neoclassical models (also known as behavioural “irrationality”)
2.
provide alternative behavioural models that are used to explain the behavioural “irrationality”
3.
apply the knowledge from behavioural economics to analyse real-world problems, such as policy making, contract designing, marketing, and management
4.
propose behavioural economics interventions to reduce inefficiencies resulting from cognitive biases.
Teaching approach
Active learning
Assessment
1 - Within semester assessment
2 - Examination
Scheduled and non-scheduled teaching activities
Lectures
Tutorials
Workload requirements
Workload
Other unit costs
Costs are indicative and subject to change.
Electronics, calculators and tools: $40