Introduction
This unit provides you with an introduction to behavioural economics. Behavioural economics is a discipline at the intersection of economics and psychology that draws on insights and methods from the social sciences to understand better how people actually make decisions. The aim of this unit is not to be mathematically or theoretically thorough. Rather, it focuses on developing a better understanding of how human psychology affects our decisions and how such knowledge can be applied to real world business and policy issues, including to the nudge agenda. You will also be exposed to methods of enquiry used in behavioural economics, in particular, economic experiments and randomised controlled trials, their real-world applications and the insights they generate. You will develop knowledge and skills to design and conduct such experiments and trials as well as to evaluate newly designed business strategies, public policies and nudge interventions.
Summary
| Unit name | Behavioural Economics |
| Unit code | BEA707 |
| Credit points | 12.5 |
| College/School | Tasmanian School of Business and Economics |
| Discipline | Economics |
| Coordinator | Professor Robert Hoffmann |
| Delivered By | University of Tasmania |
| Level | Postgraduate |
Availability
Specific information on 2027 unit availability will be available in August
Learning Outcomes
- Explain and reflect on core concepts in behavioural economics and their impact on individual and group decision-making
- Analyse social and economic challenges in different contexts to propose behavioural solutions using behavioural economics concepts and theories
- Design interventions based on behavioural solutions, applying behavioural economics methods
- Communicate evidence-based behavioural solutions to different stakeholder groups
Fee Information
2027 fee information will be available in August.
Teaching
| Assessment | Reflective Assignment (30%)|Tests (30%)|Analytical Assignment (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. |
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The University reserves the right to amend or remove courses and unit availabilities, as appropriate.