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Overview
Course Overview: Behavioral Economics
Behavioral Economics examines the ways human behaviour deviates from the assumptions of traditional economic theory. The course covers concepts such as heuristics, biases, prospect theory, and the influence of social and emotional factors on economic choices. Students learn how cognitive psychology reshapes our understanding of markets, policy design, and personal finance. Through case studies and applied examples, the course highlights how behavioural insights are used in fields like marketing, public policy, and organisational strategy. Learners will gain both theoretical foundations and practical tools to analyse and predict decision-making in uncertain environments.
Understand psychological factors that shape economic behaviour.
Study heuristics, biases, and prospect theory in depth.
Learn how behavioural insights influence policy and business strategy.
Apply concepts to real-world problems in markets and organisations.
Gain interdisciplinary knowledge bridging economics and psychology.
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