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ES30037: Experimental, behavioural and neuro economics

Follow this link for further information on academic years Academic Year: 2017/8
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Honours (FHEQ level 6)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: EX 100%
Further information on unit assessment Assessment Detail:
  • Examination (EX 100%)
Further information on supplementary assessment Supplementary Assessment:
ES30037 - Resit Examination (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this module you must take ES20011
Further information on descriptions Description: Aims:
The aim of the Unit is to present a fairly rigorous account of the material that relates to three independent but related areas: experimental economics; behavioural economics and neuroeconomics. Students will gain a critical appreciation of the theoretical tools used in these relatively new but increasingly important areas of economics. This unit can be studied as a self-contained module and contains applications to a variety of economic contexts.

Learning Outcomes:
The learning outcomes are that, at the end of the course unit, students will understand (i) the way in which experiments have confirmed or cast doubt on some major propositions from economic theory, e.g. Decision making under uncertainty (ii) the development and use of behavioural economic models to rival those standard in neoclassical economics, e.g. Consumer theory; (iii) the 'apparent' workings of the brain when making 'economic' decisions, e.g. Evidence from fMRI scans and (iv) the public policy relevance of this more empirically based type of economic actor.

Skills:
Using deductive reasoning in abstract models.
Applying theory to specific contexts.
Synthesising relevant material and debates.

Content:
The course unit emphasises debate at the theoretical and empirical level, by generally contrasting the prescriptions and findings of conventional neoclassical economics with those who support a more inductive based theorising and laboratory investigation of economic theories. Specific topics include: individual choice and decision making under uncertainty; strategic interaction between behavioural agents; markets with behavioural consumers; the role of the public sector with behavioural actors; behavioural finance, neuroeconomics.
Further information on programme availabilityProgramme availability:

ES30037 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 3)
  • UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 4)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 4)
  • UHES-AFB04 : BSc(Hons) Economics and Mathematics (Year 3)
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 3)
  • UHES-AAB01 : BSc(Hons) Economics and Politics with Study year abroad (Year 4)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 4)
  • UHES-ACB01 : BSc(Hons) Economics and Politics with Combined Placement and Study Abroad (Year 4)
  • UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 4)

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