This course aims to teach students advanced techniques of behavioral economics, classical economics, and compare the two approaches. It focuses on the
This course aims to teach students advanced techniques of behavioral economics, classical economics, and compare the two approaches. It focuses on the principles and models of decision-making used by both streams of economists, as well as their consequences.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
On satisfying the requirements for this course, students should have the knowledge and skills to:- Understand how behavioral economists think and approach advanced economic questions.
- Fully understand and be able to clearly express the advantages, disadvantages, criticisms and limitations of Behavioral Economics.
- Understand the tools taught in class and be able to recognise their application to the analysis of real world situations.
- Understand aspects of decision-making under uncertainty and solve analytical problems.
Indicative Assessment
There will be a number of problem sets, and a final exam.The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
10 hrs (including 4 average contact hours in teaching weeks)Requisite and Incompatibility
Preliminary Reading
Andrew Caplin and Andrew Schotter, editors, Foundations of Positive and Normative Economics: A Handbook OXFORD UNIVERSITY PRESS , 2008
Assumed Knowledge
This course assumes a good knowledge of intermediate macroeconomics and more advanced microeconomics. It will also be assumed that students are reasonably familiar with mathematical tools and intermediate statistics. No other prior knowledge will be assumed.Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 3
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2017 | $3852 |
- International fee paying students
| Year | Fee |
|---|---|
| 2017 | $5130 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
