ECON 055. Behavioral Economics

In the past 50 years, economists have increasingly used insights from psychology to explore the limitations of the standard economic model of rational decision making - a field now known as "behavioral economics."  This course is an introduction to the central concepts of behavioral economics, touching on related research in psychology and experimental economics.  We will also discuss the public policy implications of this work, and current policy applications of behavioral research around the world.  Topics covered include: self-control, procrastination, fairness, cooperation and reciprocity, reference dependence, and choice under uncertainty.
A student can count only 1 credit of either ECON 055 or ECON 056, not both, towards a major in Economics.
Prerequisite: ECON 001 .
Social sciences.
1 credit.
Fall 2019. Bhanot.
Catalog chapter: Economics  
Department website:

Check the Spring 2018 Schedule of Courses

Check the Fall 2018 Schedule of Courses

Print this page.Print this Page