Behavioral Economics

Course Description

An introduction to the basic principles of conventional economics focusing on purely rational decision making contrasted to the more realistic behavioral economic model based on scientific studies of actual outcomes. Topics covered include the structure of the brain, loss-avoidance, emotions, experiences, social norms, framing, endowment effect, fairness, ethics, morals, trust, satisficing, status, herding, anchors, animal spirits, irrational exuberance, why smart people make investment mistakes, blurring social and financial arrangements, value of nudging people to make superior decisions, charitable donations, and happiness (money isn’t everything).

Class Details

CRN Course Section Days Times Instructor Loc
24093 ECON 5 1 MTWR··· 12:30 PM-01:20 PM Judith West S55

Class Materials: View textbook and/or other materials for this course available at the Bookstore.
Class Dates: This class runs from 2018-09-24 to 2018-12-14.

Course Details

4 Units
Four hours lecture (48 hours total per quarter).
Gen Ed
General Education Class
Program Status
Not Program Applicable
Credit - Degree Applicable
Grading Method
Letter Grading


See general education pages for the requirement this course meets.
EWRT 1A or EWRT 1AH or ESL 5; ECON 1, 1H, 2 or 2H.
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