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.
|Unit name||Introduction to Behavioural Economics|
|College/School||College of Business & Economics
Tasmanian School of Business and Economics
|Coordinator||Doctor Clinton Levitt|
|Available as student elective?||Yes|
|Delivered By||University of Tasmania|
|Location||Study period||Attendance options||Available to|
|Hobart||Semester 1||On-Campus||Off-Campus||International International||Domestic Domestic|
- International students
- Domestic students
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|Study Period||Start date||Census date||WW date||End date|
* 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 (see withdrawal dates explained for more information).
Unit census dates currently displaying for 2022 are indicative and subject to change. Finalised census dates for 2022 will be available from the 1st October 2021.
- Describe key concepts in behavioural economics and explain their importance in economics.
- Apply behavioural economic concepts and theories to describe real-world problems in different contexts.
- Describe and assess the role of behavioural economics in public, social and business policy.
|Field of Education||Commencing Student Contribution 1||Grandfathered Student Contribution 1||Approved Pathway Course Student Contribution 2||Domestic Full Fee|
- Available as a Commonwealth Supported Place
- HECS-HELP is available on this unit, depending on your eligibility3
- FEE-HELP is available on this unit, depending on your eligibility4
1 Please refer here more information on student contribution amounts.
2 Information on eligibility and Approved Pathway courses can be found here
3 Please refer here for eligibility for HECS-HELP
4 Please refer here for eligibility for FEE-HELP
Please note: international students should refer to this page to get an indicative course cost.
|Assessment||In-tutorial text x 2 (30%)|Reflective assignment (30%)|Analytical assignment (40%)|
|Timetable||View the lecture timetable | View the full unit timetable|
Required readings will be listed in the unit outline prior to the start of classes.
|Links||Booktopia textbook finder|
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