ECN374 - Behavioural Economics
Prerequisite: ECN211, ECN214
Behavioural economics seeks to improve our understanding of economics by providing empirical evidence on how human behaviour differs from the predictions of standard models of ‘perfect rationality’. The module will provide an understanding of how controlled experiments can be used to study how humans make economic decisions. Students should be able to interpret and design both lab and field experiments to test economic ideas. The module will be applied and ‘hands-on’; we will examine real-world examples and studies from business, policy-making, personal-wellbeing, and economic development. In doing so, the module aims to enrich students’ understanding of core economic concepts, and the relationship between economic theory, empirical evidence and prediction.