ECON 490 - Current Topics in Economics
Section: 002 Behavioral Economics
Term: FA 2007
Subject: Economics (ECON)
Department: LSA Economics
Credits:
3
Waitlist Capacity:
unlimited
Waitlist Notes:
Contact the instructor. If the instructor agrees to give you a permission, *the instructor* will contact the ECON office to have it issued.
Consent:
With permission of department.
Enforced Prerequisites:
ECON 401 and 402 with a grade of at least C-.
Advisory Prerequisites:
ECON 404 or 405.
Repeatability:
May not be repeated for credit.
Primary Instructor:

Behavioral decision making is the study of how people make decisions. At present, it is quite an active field, drawing together people from psychology, economics, political science, and management, among other fields. In economics, the original interest was in "normative" decision making (how best to?; "reflection"). That is why standard economic theory is based on the idea that economic agents are rational. Empirical research revealed discrepancies between derived "optimal" strategies, and the actual behavior of everyday folk making decisions. This approach is termed "descriptive" or "behavioral" decision making (how do we?; "observation"). So behavioral economics questions the assumption of perfect rationality and uses insights from psychology to improve theoretical insights and empirical predictions of standard economic theory. The main objective of the course is to introduce students to this rapidly emerging and important field.

For textbook information, please visit the ECON Textbook Information Website. Information will be posted for each class as soon as it is available.

ECON 490 - Current Topics in Economics
Schedule Listing
002 (LEC)
P
27713
Open
2
 
-
MW 4:00PM - 5:30PM
003 (LEC)
P
28232
Open
60
 
-
TuTh 1:00PM - 2:30PM
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