ECO 230 - Behavorial Economics

Behavioral economics relaxes the traditional assumption of rationality built into many economic models to explore the impact of cognitive ability, social interaction, moral motivation, and emotional responses on human behavior and economic outcomes. These influences are motivated by empirical findings in psychology, sociology and related disciplines, as well as the field of experimental economics. Behavioral economics seeks to generate insights, make more accurate predictions, and suggest welfare improving policies. The course will include simulations to generate data under controlled conditions to provide a framework to test behavioral outcomes. Pass/Fail: Pass/Fail option Course Typically Offered: Every 2 years.

Prerequisite(s): ECO 101 and ECO 102.

Credits: 3