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Description
Economic decisions are not only about money and rationality. They are about fear, reciprocity, honesty, happiness and many other feelings that populate human mental life. The field of Economic Psychology (aka Behavioural Economics) studies empirical deviations from the neoclassical model of behaviour. It has helped understand when and how people rely on feelings on top of rational thinking, with consequences for social institutions, businesses and politics. This course provides undergraduate-level social science students with an introduction to the field of Economic Psychology. The course has two parts. The first part will provide students with some methodological knowledge to run their own experimental study. The second part will describe many of the important contributions to the field. The topics covered are chosen with an emphasis on what psychology tells economists about individual behavior, social decisions and welfare measurement. At the end of the course, students will be able to mobilize these concepts to address topical issues, such as climate change, the future of work and fake news. Throughout the module, each student develops a focus on a particular aspect by designing an empirical study. Coursework is done in groups.
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 8th April 2024.
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