Behavioral Economics
College Bulletin - Course Catalog

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 1 credit for either ECON 055 or ECON 056 towards a major in Economics.  If a student takes ECON 055 and ECON 056, then only one of them will count towards an Economics major. (The cross-listed interdisciplinary course ECON 056 (PSYC 047) was a one-time offering in 2015-2016. It is no longer offered.)
Prerequisite: ECON 001 .
Social sciences.
1 credit.
Fall 2017. Bhanot.
Fall 2019. Bhanot.
Catalog chapter: Economics  
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