040296 UK Behavioral Economics and Policy (BA) (2017W)
Continuous assessment of course work
Labels
Lecturer: Victor Gonzalez Jimenez
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Fr 08.09.2017 09:00 to Th 21.09.2017 12:00
- Deregistration possible until Sa 14.10.2017 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Monday
02.10.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
03.10.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
09.10.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
10.10.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
16.10.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
17.10.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
23.10.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
24.10.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
30.10.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
31.10.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
06.11.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
07.11.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
13.11.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
14.11.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
20.11.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
21.11.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
27.11.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
28.11.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
04.12.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
05.12.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
11.12.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
12.12.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
08.01.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
09.01.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
15.01.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
16.01.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
22.01.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
23.01.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
29.01.
15:00 - 16:30
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
30.01.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Information
Aims, contents and method of the course
This course is designed for advanced bachelor students. Intermediate knowledge of Microeconomics and basic knowledge of Econometrics is recommended.The course aims to make students familiar with the most relevant topics of psychology and economics (behavioral economics). Additionally, it seeks to make students familiar with state-of-art applications of these theories, and policy recommendations derived from these applications.Contents:The course introduces the students to the most relevant topics of psychology and economics (behavioral economics). After following this course, the students will be familiar with relevant theories in the field such as prospect theory, hyperbolic discounting, and inequity aversion, inattention. Throughout the course, we will study how, in light of these theories, governments and organizations should approach problems such as market regulation, savings, poverty, retirement accounts, employee motivation or taxation.Method:The course is divided in four modules. In each of the modules a theory of behavioral economics is presented along with its respective empirical regularities. The applications of each of these theories are discussed along with their policy implications and recommendations.
Assessment and permitted materials
The grade of the course will be assessed using these criteria:-Quizes (30%)-Presentation (30%)-Research Proposal(40%)
Minimum requirements and assessment criteria
The score of the quizzes, presentation, and final exam each needs to be higher than a half of the total score.
Examination topics
Module 0: Introduction and Philosophy.Module 1: Prospect Theory
-Reference points
-Loss aversion
-Probability weightingModule 2: Time preferences
-Hyperbolic discounting
-Time inconsistencyModule 3: Social Preferences
- Inequity aversion
- Fairness
-
Module 4: Behavioral Welfare Economics
-Reference points
-Loss aversion
-Probability weightingModule 2: Time preferences
-Hyperbolic discounting
-Time inconsistencyModule 3: Social Preferences
- Inequity aversion
- Fairness
-
Module 4: Behavioral Welfare Economics
Reading list
• Thaler, Richard H., and Cass R. Sunstein. "Libertarian paternalism." The American Economic Review 93.2 (2003): 175-179.• Kahneman, Daniel, and Amos Tversky (1979) "Prospect Theory: An Analysis of Decision under Risk", Econometrica, XLVII (1979), 263-291.• David Laibson, “Golden Eggs and Hyperbolic Discounting,” Quarterly Journal of Economics 112 (1997), pp. 443-478;• Fehr, Ernst, and Klaus M. Schmidt. "A theory of fairness, competition, and cooperation." The quarterly journal of economics 114.3 (1999): 817-868.• Bernheim, B. Douglas, and Antonio Rangel. "Beyond revealed preference: choice-theoretic foundations for behavioral welfare economics." The Quarterly Journal of Economics 124.1 (2009): 51-104.
Association in the course directory
Last modified: Mo 07.09.2020 15:29