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◄Faculty of Business and Economics►

AA017010 BEHAVIOURAL ECONOMICS
3 Credits

Course Learning At the end of the course, students are able to:
Outcomes
(1) Examine the evidence for systematic departures from
the neoclassical economic model that is based on
rationality assumption.
(2) Demonstrate understanding of the main theories in
Behavioural Economics.
(3) Evaluate the findings of empirical studies on
behavioural models.
(4) Derive policy implications based on behavioural
insights.

Synopsis of Course This course provides an introduction to the foundation of
Contents behavioural economics. The focus is on understanding the
principles behind the behavioural approach in addressing
various economic problems. It commence by reviewing the
standard assumptions made in economics and examine
evidence on how human behaviour systematically departs
from these assumptions. It then explore alternative models
of human decision making and assess the extent these
models help improve economic analyses.

Assessment Weightage Continuous Assessment: 50%
Final Examination: 50%

Medium of Instruction English

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