Economics 371 - Behavior Economics and Economic Psychology

Institution:

St Lawrence University

Subject:

Description:

This reading-intensive seminar on behavioral economics (BE) examines the ways in which decisions deviate from predictions of standard economic models, and considers its sister discipline, economic psychology, which tries to explain the reasons why people do not behave as economic models predict. Discussions involve whether market forces, learning and evolution can eliminate these human qualities and lead to rational behavior. We examine anomalies, or the ways in which people deviate from the standard economics models, and explore how behavioral concepts can be incorporated into standard economic models and applied to a particular field (e.g. consumer economics, public economics, economic development and organization economics).

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.stlawu.edu

Phone Number:

(315) 229-5011

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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