Courses & Units
Introduction to Behavioural Economics XPD114
Introduction
Traditional economics portrays decision making as rational deliberation that computes optimal choices based on well-defined objectives and perfect information. In reality, limited information and cognition as well as certain features of the human psychology often result in decisions that deviate from this assumption. Behavioural economics attempts to explain these deviations using insights and theories from the other social sciences, in particular psychology. This unit introduces students to this intersection of economics and psychology. Its aim is not to be mathematically or theoretically thorough. Rather, it focuses on developing a better understanding of how human psychology affects economic decisions and how such knowledge can be applied to real world business and policy issues, including to nudge.
Summary
| Unit name | Introduction to Behavioural Economics |
|---|---|
| Unit code | XPD114 |
| Credit points | 12.5 |
| College/School | Academic Division DVC - Education |
| Discipline | University Pathways |
| Coordinator | John Mtandwa |
| Available as an elective? | No |
| Delivered By | Third Party(ies): UP Education |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | IPC Semester 1 | On-Campus | International | ||
| Hobart | IPC Semester 2 | On-Campus | International | ||
| Hobart | IPC Semester 3 | On-Campus | International | ||
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
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Key Dates
| Study Period | Start date | Census date | WW date | End date |
|---|---|---|---|---|
| IPC Semester 1 | 26/2/2024 | 19/3/2024 | 15/4/2024 | 31/5/2024 |
| IPC Semester 3 | 14/10/2024 | 4/11/2024 | 6/12/2024 | 24/1/2025 |
| IPC Semester 2 | 24/6/2024 | 15/7/2024 | 5/8/2024 | 13/9/2024 |
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
Learning Outcomes
- Describe key concepts and methods in behavioural economics and explain their significance in economics.
- Apply behavioural economic concepts and theories to examine real-world problems in different contexts.
- Explain and assess the role of behavioural economics in public, social and business policy.
- Communicate key concepts and applications of behavioural economics clearly and cogently.
Fee Information
| Field of Education | Commencing Student Contribution 1,3 | Grandfathered Student Contribution 1,3 | Approved Pathway Course Student Contribution 2,3 | Domestic Full Fee 4 |
|---|---|---|---|---|
| 091901 | $2,040.00 | $1,597.00 | not applicable | $2,596.00 |
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
Requisites
Mutual Exclusions
You cannot enrol in this unit as well as the following:
BEA106Teaching
| Teaching Pattern | 2 hours of lectures, weekly (running for 13 weeks) 1 hours of workshop, weekly (running for 13 weeks) 1 hours of tutorial, weekly (running for 13 weeks) |
|---|---|
| Assessment | Reflection (30%)|Test (30%)|Analysis (40%) |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
Required readings will be listed in the unit outline prior to the start of classes. |
Links | Booktopia textbook finder |
|---|
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