Econ 404 - Behavioral Economics

Institution:

Washington University in St Louis

Subject:

Description:

This course provides an overview of behavioral economics, an emerging sub-field that integrates insights from psychology into economic models of behavior. We study ways in which individuals systematically depart from assumptions such as perfect rationality, self interest, time consistency, etc; and discuss the economic ramifications of these predictable but "irrational" behaviors. The course covers three main classes of topics: (1) nonstandard preferences; (2) nonstandard beliefs; and (3) nonstandard decision rules. The methodological focus of the course is on economic theories of individual decision making, and on the experimental tests of these theories conducted by both economists and psychologists. Prerequisites: Econ 4011 (401) and Math 2200.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.wustl.edu

Phone Number:

(314) 935-5000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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