ECON4260 - Behavioral Economics

Schedule, syllabus and examination date

Choose semester

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.

Students enrolled in other Master's Degree Programmes can, on application, be admitted to the course if this is cleared by their own study programme.

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

Prerequisites

Formal prerequisite knowledge

Bachelor's degree in Economics, or equivalent

Recommended previous knowledge

ECON3200 - Microeconomics and Game Theory / ECON4200 - Microeconomics and Game Theory or ECON3215 - Microeconomics (discontinued) / ECON4215 - Microeconomics (discontinued)

Teaching

Lectures: 2 hours a week throughout the semester.

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

There might occur weeks exempt from teaching.

Examination

A 3-hour written school exam.

Previous exams

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 problem set will be given in English. Answers can be given in Norwegian, Swedish, Danish or in English. See § 5.4 in Regulations governing studies and examinations at the University of Oslo.

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.

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.

Students who might wish to retake the exam later, are not guaranteed that the course is ever repeated with a similar reading list, nor that the exam arrangement will be the same.

Withdrawal from an examination

If you wish to withdraw from the exam you must do so in Studentweb at least two weeks prior to the deadline. Failure to do so will be counted as one of the three opportunities to sit the exam.

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

Spring 2016

Examination

Spring 2016

Teaching language

English