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EC345 - Behavioural Economics: Theory and Applications

  • Module code: EC345
  • Module name: Behavioural Economics: Theory and Applications
  • Department: Economics
  • Credit: 15

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

The module aims to develop students' knowledge and understanding of economic decision making by emphasising how psychological and experimental findings (from the field and laboratory) have shaped contemporary economic models. In particular the students will learn about recent theoretical developments modelling consumer behaviour, especially in relation to preferences and judgements in situations involving risk, uncertainty and time. The module will also broaden students' knowledge of the way models and theories are empirically or experimentally tested. In this respect students will be acquainted with key empirical results from the field of behavioural economics

Principal learning outcomes

"The course presumes students are familiar with standard economic models predicated on the presence of rational agents. Experiments and empirical findings over the last two or so decades have repeatedly cast doubt on the validity of rational decision makers. By the end of the module the students will have learned the key theorectical and empirical tools of modern behavioural economics. This knowledge base should enable the students to present a better understanding of economic behaviour. Furthermore the course material should also allow students to develop more plausible models of behaviour that cannot be explained by the standard economic rational agent-based theories."

Timetabled teaching activities

20 Lecture hours and 4 Support and Feedback classes.

Departmental link

https://www2.warwick.ac.uk/fac/soc/economics/current/modules/ec345

Module assessment

Assessment group Assessment name Percentage
15 CATS (Module code: EC345-15)
B2 (Examination only) 2 hour examination (Summer) 100%

Module availability

This module is available on the following courses:

Core

N/A

Optional Core

N/A

Optional
  • Undergraduate Mathematics and Economics (GL11) - Year 3
  • Undergraduate Mathematics and Economics (with Intercalated Year) (GL12) - Year 4
  • Undergraduate Economics 3 Year Variants (L100) - Year 3
  • Undergraduate Economics 4 Year Variants (L103) - Year 4
  • Undergraduate Economics 3 Year Variants (L116) - Year 3
  • Undergraduate Economics 4 Year Variants (L117) - Year 4
  • Undergraduate Economics, Politics and International Studies (LM1D) - Year 3
  • Undergraduate Economics 4 Year Variants (LM1H) - Year 4
  • Undergraduate Philosophy, Politics and Economics (V7ML) - Year 3
  • Undergraduate Philosophy, Politics and Economics (with Intercalated year) (V7MM) - Year 4
  • Undergraduate Philosophy, Politics and Economics (V7MP) - Year 3
  • Undergraduate Philosophy, Politics and Economics (with Intercalated year) (V7MQ) - Year 4
  • Undergraduate Philosophy, Politics and Economics (V7MR) - Year 3
  • Undergraduate Philosophy, Politics and Economics (V7MR) - Year 4
  • Undergraduate Philosophy, Politics and Economics (with Intercalated year) (V7MS) - Year 4