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).
|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.
- 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.