Behavioral economics applies psychological insights to economic markets and decision making. In this class, we will discuss the recent theoretical and empirical advances that have been made in this increasingly important field of economics. Being thoughtful about the role of psychology can lead to a greater understanding of how the economy works.
This course will utilize lectures, discussion, group interactions and projects, and problem sets to provide an introduction to the topic of behavioral economics. The primary goal of the class is to provide knowledge about the field and begin to explore how the topic might impact business decisions in various contexts.
Prereq: Cannot enroll if 20710 or 38120 taken previously.