| CODE | ECN5229 | ||||||||
| TITLE | Behavioural and Experimental Economics | ||||||||
| 今日黑料 LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||
| EQF/MQF LEVEL | 7 | ||||||||
| ECTS CREDITS | 5 | ||||||||
| DEPARTMENT | Economics | ||||||||
| DESCRIPTION | This study-unit provides an overview of the key themes in this interdisciplinary subject. Students will be introduced to subjects such as dual-systems, judgment, rational choice, heuristics and biases, inter-temporal decision-making, fairness and social preferences, well being, framing and marketing. The study-unit provides students with an overview of the evolution, theory, methods, applications, findings and hands on experience of experimental methods in economics. A fundamental aspect of this study-unit is the design of experiments to test behavioural theories. In this component, the study-unit will cover experiment design, analysis and write up in behavioural themes. The study-unit will be valuable to students with an interest in human behaviour and a desire to apply theories to real-world issues in the public and private sector in the field. Study-Unit Aims: The aim of this study-unit is to introduce the subject of behavioural economics and experimental methods. It seeks to provide an understanding of how human beings make decisions, how such decisions can be influenced in a world where individuals are not perfectly rational. A key aim of the study-unit is to give students the ability to conduct and understand economic experiments and help them access and contribute to an enlarged set of economic propositions that can be validated, and new theoretical directions. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Synthesize insights from behavioral economic theory as to how decisions are made apply behavioural economic concepts to a range of applications; - Conceptually model the determinants of well-being; - Appraise experimental methods to study economic questions, critically evaluate diverse conventions in experiment design; - Cite a range of studies that have assessed economic assumptions and theories; - Test the validity or otherwise of such economic theories and critical assumptions. 2. Skills: By the end of the study-unit the student will be able to: - Undertake research in behavioural economics; - Reason, question and analyse information in the field of behavioural economics; - Design, conduct and critique experiments; - Intuit and critique key assumptions of economic theory; - Search for regularities and unanticipated irregularities and find theoretical meaning; - Assist in the design of policy; - Understand how behaviour can be influenced. Main Text/s and any supplementary readings: |
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| STUDY-UNIT TYPE | Lecture | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Marie Briguglio |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2026/7. It may be subject to change in subsequent years. |
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