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

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