ECON2007

ECON2007: Behavioural Economics and Finance

Business and Law

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About this Unit

This unit examines the key concepts, research methods and major findings of behavioural economics and finance. A key objective is to provide students with a solid knowledge base of the core theoretical concepts in behavioural economics and finance, including the field’s connections with psychology and neuroscience, bounded rationality, heuristics and biases, framing, self-control and mental accounting. A further aim is to provide students with an appreciation of the various practical and policy applications of these concepts in the real world. The unit provides students opportunities to develop a range of skills relating to the design, conduct and evaluation of experiments in economics and finance, in addition to critical evaluation and communication skills. Students will engage in hands-on activities associated with experiments and problem-solving, as well as participate in classroom discussions and debates. The unit will cover a range of important topics including, the role of emotions in decision-making, stereotypes and other biases, self-control, nudges and public policy, trust and participation in collective action, neuro-economics, overconfidence, and financial market anomalies.

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Unit Details

Credits25

Contact Hours3 Weekly

Result TypeGrade/Mark

AreaSchool of Accounting, Economics and Finance (1277)

Field of Education091901 Economics

Handbook View Official Handbook Page →

Tuition Pattern

Lecture12 x 1.5 hour semesterly
Tutorial12 x 1.5 hour semesterly

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