ECON4260 - Behavioral Economics

Schedule, syllabus and examination date

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Course content

This course provides an overview of behavioral economics. Behavioral economics incorporates descriptively accurate assumptions about cognitive ability, social interaction, moral motivation, and emotional responses into economic modeling and explores the implications of this for human behavior and economic outcomes. These assumptions are often motivated by empirical findings in psychology, sociology and related disciplines, as well as the field of experimental economics. Behavioral economics seeks to generate theoretical insights, make more accurate predictions of field phenomena, and suggest welfare improving policies.

Main topics:

  • Behavioral decision theory.
  • Time inconsistency and self-control.
  • Social preferences and fairness.

Learning outcome

Knowledge
You should

  • become familiar with the most important contributions to behavioral economics,
  • be able to critically assess the importance of these findings for the understanding of economic behavior
  • in particular, be able to discuss the following problem: How descriptively accurate assumptions about human behavior do we need for economic analysis?

Skills
You should

  • become familiar with the most important contributions to behavioral economics,
  • be able to critically assess the importance of these findings for the understanding of economic behavior, in particular, be able to discuss the following problem: How descriptively accurate assumptions about human behavior do we need for economic analysis?

Competence
You should

  • be able to read and understand project reports and journal articles that make use of the concepts and methods that are introduced in the course
  • be able to make use of the course content in your own academic work, for example in analyses that are part of the master’s thesis

Admission

Students who are admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.

If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.

Apply for guest student status if you are admitted to another Master's programme, or have completed a master in Economics at UiO or another Norwegian University.

Teaching

Lectures: 2 hours a week throughout the semester.

Seminars: 2 hours a week through parts of the semester.

Examination

A 3-hour written school exam.

Previous exams

Digital examination

The written examination is conducted in the digital examination system Inspera. Read more about written examinations using Inspera.

You will need to familiarize yourself with the digital examination arrangements in Inspera. Read more about training in Inspera.

Examination support material

Students may use dictionaries at this exam. Dictionaries must be handed in before the examination. Please read regulations for dictionaries permitted at the examination.

Language of examination

The examination text is given in English.You may submit your response in Norwegian, Swedish, Danish or English.

Grading scale

Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.

Explanations and appeals

It is recommended to request an explanation of your grade before you decide to appeal.

Appeal

Explanation

The deadline to request an explanation is one week after the grade is published. For oral and practical examinations, the deadline is immediately after you have received your grade.

The explanation should normally be given within two weeks after you have asked for it. The examiner decides whether the explanation is to be given in writing or verbally.

Ask for explanation of your grade in this course.

Resit an examination

If you are sick or have another valid reason for not attending the regular exam, we offer a postponed exam later in the same semester.

See also our information about resitting an exam.

Withdrawal from an examination

It is possible to take the exam up to 3 times. If you withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.

Special examination arrangements

Application form, deadline and requirements for special examination arrangements.

Evaluation

The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.

Facts about this course

Credits

10

Level

Master

Teaching

Every autumn

Examination

Every autumn

Teaching language

English