ECON 490 - Current Topics in Economics
Section: 002 Behavioral Economics
Term: FA 2007
Subject: Economics (ECON)
Department: LSA Economics
Waitlist Capacity:
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.
With permission of department.
Enforced Prerequisites:
ECON 401 and 402 with a grade of at least C-.
Advisory Prerequisites:
ECON 404 or 405.
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)
MW 4:00PM - 5:30PM
003 (LEC)
TuTh 1:00PM - 2:30PM
NOTE: Data maintained by department in Wolverine Access. If no textbooks are listed below, check with the department.
Syllabi are available to current LSA students. IMPORTANT: These syllabi are provided to give students a general idea about the courses, as offered by LSA departments and programs in prior academic terms. The syllabi do not necessarily reflect the assignments, sequence of course materials, and/or course expectations that the faculty and departments/programs have for these same courses in the current and/or future terms.

Click the button below to view historical syllabi for ECON 490 (UM login required)

View Historical Syllabi
The CourseProfile (ART) system, supported by the U-M Provost’s 3rd Century Initiative through a grant to the Office of Academic Innovation, provides additional information about: course enrollments; academic terms and instructors; student academic profiles (school/college, majors), and previous, concurrent, and subsequent course enrollments.

CourseProfile (ART)