Behavioral economics aims to increase the explanatory power of economic theories by revising the assumptions and models on which they are based, and placing them on a more realistic psychological foundation. This then allows more accurate predictions to be made from such behavioral theories. The course adopts a multi-disciplinary approach, which encompasses evolutionary biology and neuroscience, as well as psychology and sociology, demonstrating that various sciences contribute towards an understanding of human behaviour. Prereq: introductory microeconomics and macroeconomics course (ECN 101/102 or 203).
Semesters: Fall, Spring