Modules

Prerequisites

Contents

• Homo Economicus: The economic concept of human behaviour • The economic theory of moral action • Behavioural anomalies: an overview • Bounded rationality • Dealing with risk and uncertainty • Prospect theory • Heuristics: Curse or blessing? • Fairness and social norms • Economic happiness research • Behavioural political economy • Behavioural public economics

Learning outcomes

After completing this module, students will be able to apply behavioural economic models to analyse individual decisions. They can integrate psychological research approaches into economic models. They can independently develop and master advanced research approaches in the field of behavioural economics and have a solid understanding of the basics of empirical, including experimental, research methods in the field of behavioural economics. Furthermore, they will be able to critically analyse and evaluate economic policy proposals with a behavioral economics perspective.

Assessment

• Mid-term exam, 30 min. (30 points) • Final exam, 70 min. (70 points)

Remarks

This module is a successor module to the module „Behavioral Economics (11814)". Students who have already passed the module cannot take the module "Behavioral Economics (13957)" again.