Term:Spring

Course Code:sd00233850

Campus:Main Campus

Academic Organization:Economics

Prerequisites:Microeconomics & Macroeconomics

Credit:2（32 teaching hours）

Course Components:Lectures Required

Course Note:Optional for economics and finance student

Course Description:

Behavioral economics is currently a frontier and popular research field. The starting point of this behavioral economics is to study why individuals’ economic behaviors are not rational in the real world. In this class, we will attempt to reunite the disciplines of psychology, neurobiology and economics and analyze how mental factors affect individuals’ decision-making and lead to irrational behaviors. We will use examples in real life, findings from lab and field experiments to advance existing economic models. We plan to discuss classic topics including loss aversion, overconfidence, limited attention and etc. We will also discuss applications of behavioral models in a wide range of fields such as consumption-saving, decision-making under risk and etc. From this course we will learn how to use behavioral insights to improve policy and make rational decisions.