ECON4260 – Behavioral Economics
Schedule, syllabus and examination date
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.
- Behavioral decision theory.
- Time inconsistency and self-control.
- Social preferences and fairness.
- become familiar with selected important contributions to behavioral economics,
- understand the relevance of these contributions for analysis of economic behavior,
- in particular, understand under what conditions and in what ways these contributions may substantially alter predictions and/or policy recommendations based on previous economic models.
- be able to critically assess the importance of these contributions 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?
- be able to use formal modelling approaches introduced in the course to solve simple, illustrative problems,
- be able to apply the ideas and intuitive arguments discussed in the course in your own applied economic analyses, such as analysis of specific policies not explicitly discussed in the course.
- 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.
Students admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.
Students not admitted to the Master’s programme in Economics or the Master’s programme in Economic Theory and Econometrics (Samfunnsøkonomisk analyse), can apply for admission to one of our study programmes, or apply for guest student status.
Formal prerequisite knowledge
You must fulfill one of these prerequisites:
Lectures and seminars.
Ordinarily, this course has a 3-hour written school exam.
For 2020 the following applies for the exam in ECON4260:
The examination will be a 5-hour home examination in Inspera. The home exam will be an open-book exam, where all written and printed resources as well as technical support is allowed. All submitted papers will be checked for plagiarism. You can find the date and time for the exam on the semester page.
The written examination is conducted in the digital examination system Inspera. You will need to familiarize yourself with the digital examination arrangements 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.
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
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.
The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.