IB9AM Behavioural Microeconomics (2021/22)
Module Code: |
IB9AM |
Module Name: |
Behavioural Microeconomics |
Module Credits (CATS): |
30 |
Module Convener |
Graham Loomes |
Module Teachers |
Graham Loomes, Andrea Isoni |
Module Aims The module aims to introduce basic microeconomic concepts to non-economists. It will achieve this objective by subjecting many of the fundamental assumptions made in standard undergraduate degree courses to close critical scrutiny. It will familiarise students with recent research developments in behavioural economics and the possible implications for theory and policy raised by these developments. |
Learning Outcomes |
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By the end of the module, students should be able to:
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All elements are assessed by both the 5000 word essay and the 3-hour exam |
Module Work Load |
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Module Length |
10 weeks |
Lectures |
20 lectures of 2 hours each |
Seminars |
8 seminars of 1.5 hours each |
Attendance |
Attendance at lectures and seminars is compulsory |
Module Assessment |
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Assessed work: 5000 word essay |
Weighting: 40% |
Exams: 3-hour exam - scheduled for January |
Weighting: 60% |
Module Programme |
Topics covered on the course will likely include:
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Module Reading List |
Ariely, D.: Predictably Irrational. Harper Collins (2008). Bruni, L. and Sugden, R.: The Road not Taken: How Psychology was Removed from Economics and How It Might be Brought Back, Economic Journal, 117, 146-73, (2007). Camerer, C.: Behavioral Game Theory: Experiments on Strategic Interaction. Princeton University Press (2003). Camerer, C., Loewenstein, G. and Rabin, M.: Advances in Behavioral Economics. Princeton University Press (2003). Della Vigna, S.: Psychology and Economics: Evidence from the Field, Journal of Economic Literature, June 2009, Vol. 47, pp.315-372. Frank, R. and Cartwright, E: Microeconomics and Behaviour. McGraw-Hill (2013). Kahneman, D. and Tversky, A.: Choices, Values and Frames. Cambridge University Press (2000). Starmer, C.: Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk, Journal of Economic Literature, Vol. 38, 332-382 (2000). Thaler, R. and Sunstein, C.: Nudge. Penguin (2009). Wilkinson, N. and Klaes, M.: An Introduction to Behavioral Economics, 3rd - Edition. Palgrave Macmillan (2018). |
For the most up-to-date information on IB9AM, please contact Warwick Business School