Behavioral Economics

3 credits

This course explores the field of behavioral economics, which integrates insights from psychology, sociology, and neuroscience into traditional economic models to better understand real-world decision making. By examining how individuals often deviate from the prediction of standard economic theory, we will investigate key behavioral anomalies and the way economists seek to explain them. Topics will include self-control and temptation, reference points and decision framing, bounded rationality, and decision-making under conditions of risks and uncertainty. Through this course, students will gain a deeper understanding of how human behavior influences economic outcomes and the implications for policy and business strategies.