ECON 233
Behavioral Economics and Public Policy Spring 2018 Division II;
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In many ways, the fields of psychology and economics both study the same phenomena: the incentives that influence our decision-making across different contexts. This course provides a survey of the ways in which these two fields intersect, i.e. behavioral economics. Topics include how individual responses to economic incentives can be influenced by heuristics, framing, social norms, and other cognitive or social incentives. Concurrently, the course will review how these concepts can be (or are already being) applied to firm strategy, development, and public policy contexts. These include the role of behavioral economics in programs geared towards reducing poverty, increasing environmental conservation, and encouraging education investment, among others. The course will also discuss whether and how we ought to judge which behaviors are socially desirable and worth encouraging through policy.
The Class: Type: lecture
Limit: 30
Expected: 30
Class#: 3114
Requirements/Evaluation: one in-class midterm, one final exam, 3-5 problem sets, 1-2 short papers
Extra Info: may not be taken on a pass/fail basis; not available for the fifth course option
Prerequisites: ECON 110
Enrollment Preference: potential or declared social science majors
Distributions: Division II;
Attributes: POEC Comparative POEC/Public Policy Courses

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