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BEHAVIORAL ECONOMICS

EIB3001 BEHAVIORAL ECONOMICS
3 Credits

Pre-requisite EIA2001 Microeconomics II

Learning At the end of the course, the students are able to:
Outcomes
1. Identify the missing behavioural elements of traditional economic models,
2. describe the behaviourist approaches to economic models.
3. apply the main concepts to a variety of other economic fields.

Synopsis This course considers the traditional theories and models of economics and
analyze how behavioral economics begins to move away from these models by
relaxing traditional assumptions. It also analyzes the connection between
economics and other behavioral sciences. This course aim at providing a
grounding main areas of study within behavioral economics, including among
others mental accounting, fairness and reciprocity, reference dependence,
bounded rationality and choice under uncertainty.

References 1. Wilkinson, N., Klies, M. (2012). Introduction to Behavioral Economics.
Palgrave MacMillan.
2. Kahneman,D., Tversky, A. (eds) (2000). Choices, Values, and Frames.
Cambridge University Press.
3. Cemerer, C.F., Loewenstein, G., Rabin, M. (eds) (2004). Advances in
Behavioral Economics. Princeton University Press.

Soft Skills CT1, CT1, CT3
TS1 – TS2
LL1 – LL2

Assessment Continuous Assessment : 50%
Final Examination : 50%

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