ECON 333 - Behavioral Economics

Description:
Behavioral economics examines how psychological factors affect individual and organizational decision making. It departs from standard economics assumptions of rationality, and the course examines implications for public policy, touching on related research in experimental economics. Course will be offered every year (Winter).

Prerequisites:
Prerequisite: ECON 201.

Credits: (5)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

Compare and contrast behavioral economic theories to standard economic theories based on rational decision making.
Examine common heuristics and biases (anchoring, availability, etc.) in economic decision making.
Demonstrate how behavioral economics can be used to improve individual decision making and how it can be used in economic policy making.
Evaluate the advantages and limitations of behavioral economics.

Learner Outcomes Approval Date:
11/15/18

Anticipated Course Offering Terms and Locations: