EC 475 - Behavioral and Experimental Economics

(3.00 cr.)

Applies insights from psychology to understand how economic decisions are influenced by factors outside of rational self-interest. A field of growing importance within economics, behavioral economics is used in a wide range of contexts from marketing to management to economic development. Also studied is the design, implementation, and analysis of economic experiments that are used to evaluate behavioral economic effects. Course topics include altruism, preferences for fairness, prospect theory, present-bias, bounded rationality, field experiments, and impact evaluation. Students delve deeper into a specific area by conducting original research and writing a paper on a topic they develop in conjunction with the professor.

Prerequisite: EC 102 , MA 151 or MA 251 .
Prerequisite (may be taken concurrently): EC 302 .
Sessions Typically Offered: Spring
Years Typically Offered: Even Years