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Oct 06, 2024
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ECO 380 - Behavioral Economics An interdisciplinary approach to understanding the motivations of individual economic behavior by providing more realistic assumptions based on psychological foundations. Prerequisite: ECO 111. Fulfills: LASR. (3 cr. hr.)
Frequency code B = offered at least once per year
Student Learning Outcomes
Upon successful completion of this course, students will be able to:
- Compare and contrast the principles and methods of behavioral economics to those of the neoclassical model.
- Provide a coherent psychological framework underpinning the findings of behavioral economics.
- Illustrate how behavioral models can improve and refine neoclassical models in terms of explanation and prediction.
- Explain the policy implications of behavioral economics, particularly where they deviate from neoclassical models.
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