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Behavioral economics
Titulaire(s) du cours
Georg KIRCHSTEIGER (Coordonnateur)Crédits ECTS
5
Langue(s) d'enseignement
anglais
Contenu du cours
Standard microeconomic theory is based on two main assumptions: Rationality and selfishness. When actual behavior of economic agents - as observed in economic experiments or in the field - does not conform with economic theory, this behavior might either contradict the rationality assumption or the selfishness assumption (or both). The first part of the course is devoted to the analysis of non-selfish preferences. Based on experimental evidence, we present behavioral models of altruism, envy, fairness, and reciprocity, and show their impact on different economic problems. The second part of the course deals with boundedly rational behavior and its impact on markets.
Objectifs (et/ou acquis d'apprentissages spécifiques)
After the course, the students should know the research frontier in (some subfields) of behavioral economics.
Pré-requis et Co-requis
Connaissances et compétences pré-requises ou co-requises
Knowledge of game theory and general equilibrium theory at the level of the course Graduate Microeconomics I.
Méthodes d'enseignement et activités d'apprentissages
12 lectures
Contribution au profil d'enseignement
LO 1.1 - Integrate sustainable development into problem analysis
LO 1.2 - Assess the quality of an economic research produced by others
LO 1.3 - Identify and analyse an issue using the relevant analytical tools and methods
LO 2.1 - Adopt a scientific approach to data collection, research and analysis and communicate results with clear, structured and sophisticated arguments
LO 2.2 - Display critical thinking and develop autonomous learning strategies and techniques
LO 3.2 - Thorough and critical ability to use empirical and statistical tools in economics
LO 4.1 - Work and communicate effectively as part of a team in an international and multicultural environment
Références, bibliographie et lectures recommandées
see the extended course description on my personal homepage https://gkirchst.ulb.be/
Autres renseignements
Evaluation
Méthode(s) d'évaluation
- Examen écrit
Examen écrit
written exam
Construction de la note (en ce compris, la pondération des notes partielles)
grade of the course = grade of the written exam
Langue(s) d'évaluation
- anglais