Master
2023/2024
Behavioral Economics
Type:
Compulsory course (Data Analytics for Business and Economics)
Area of studies:
Economics
Delivered by:
Department of Economics
When:
1 year, 4 module
Mode of studies:
offline
Open to:
students of all HSE University campuses
Instructors:
Ivan Susin
Master’s programme:
Data Analytics for Business and Economics
Language:
English
ECTS credits:
3
Contact hours:
32
Course Syllabus
Abstract
Behavioral economics, as name suggests, focuses on the behavior of economic agents. Most of ''classic'' economic theory relies on highly stylized and abstract models of individuals, so it often produces unrealistic individual-level predictions, questionable explanations and normative recommendations. The main goal of behavioral economics is to bring theory closer to reality and empirical data. It uses insights from other sciences (in particular, cognitive science and psychology) and experimental results to help creating more accurate economic models, better-performing institutions, and better business results. This course will expand students' understanding of decision-making processes, as well as introduce them to both formal models and economic experiments.