ECON2007 (v.1) Behavioural Economics and Finance
| Area: | School of Economics and Finance |
|---|---|
| Credits: | 25.0 |
| Contact Hours: | 3.0 |
| TUITION PATTERNS: | The tuition pattern provides details of the types of classes and their duration. This is to be used as a guide only. Precise information is included in the unit outline. |
| Lecture: | 12 x 1.5 Hours Semester |
| Tutorial: | 12 x 1.5 Hours Semester |
| UNIT REFERENCES, TEXTS, OUTCOMES AND ASSESSMENT DETAILS: | The most up-to-date information about unit references, texts and outcomes, will be provided in the unit outline. |
| Syllabus: | 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. |
| Field of Education: | 091901 Economics |
| Result Type: | Grade/Mark |
Availability
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