PS30170: Neuroeconomics
[Page last updated: 15 October 2020]
 Academic Year: | 2020/1 |
| Owning Department/School: | Department of Psychology |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Honours (FHEQ level 6) |
| Period: |
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| Assessment Summary: | CW80OR20 |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | Before taking this module you must ( take PS20104 OR take PS20168 ) AND ( take 2 MODULES FROM {PS20106, PS20108} OR take PS20167 ) |
| Description: | Aims: This unit aims to: * Introduce the student to an interdisciplinary science exploring how humans make real-world economic decisions. * To appraise theories, research and methods, within economics, behavioural economics and psychology. * To provide the student with an opportunity to develop an integrative perspective on the behavioural and biological processes underlying human economic decision-making. * To realise the application of neuroeconomics to understanding real-world economic decision-making. Learning Outcomes: After successfully completing this unit students will be able to: * Critically evaluate key theories, research and methods within economics, behavioural economics and psychology exploring how humans make decisions in real world economic contexts. * Synthesise key theories, research and methods within economics, behavioural economics and psychology exploring how humans make decisions in real world economic contexts in order to construct an integrative, neuroeconomic, viewpoint on the the behavioural and biological processes underlying human economic decision-making, and be able to defend this viewpoint. * Critically evaluate how neuroeconomic research can be readily applied to real-world decision environments within industry and create innovative solutions to real-world problems faced by industry. Skills: * Comprehensive and scholarly written communication (e.g. essays) * Concise, time-bound and effective written communication (e.g. briefings / exams) * Ability to select, summarise and synthesis written information from multiple sources * Ability to develop rigorous arguments through precise use of concepts and models * Ability to apply theory into practice * Ability to select and use appropriate ideas to produce a coherent response to a pre-set question * Ability to produce work to agreed specifications and deadlines * Ability to work independently, without close supervision or guidance Content: This unit will cover: * An introduction to neuroeconomics * An introduction to traditional economics, behavioural economics and behavioural finance * The biological basis of real-world financial decision-making. * Methods within psychology, neuroscience and physiology commonly used in neuroeconomic research. * Understanding individual differences in economic decision-making and their biological bases. * Individual and group economic decision-making. * Working through real-world problems in order to comprehend the applications of neuroeconomic research to industry. |
| Programme availability: |
PS30170 is Optional on the following programmes:Department of Psychology
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