Postgraduate Award in Behavioral Economics
About the Course
MQF Level 7
Have you ever wondered how can policy makers get people to save more money, eat healthy foods, engage in healthy behaviors, and make better choices in general?
It is a known fact that most individuals do not process information the same way and more over end up making decisions in a sub optimal manner.
The scope of this module is expose learners to develop a hands on-approach to behavioural economics by understanding its theoretical underpinnings and more importantly, how it can be exploited by designing the correct scenarios to influence choice.
Throughout this module learners will be able to interpret and explain the economic principles underlying decision making whilst comparing the nudging approach to other behaviors of change. Moreover, this module will allow leaners to design nudge and decision tools to help influence consumer behavior.
- A comprehensive overview of Behavioral Economics featuring the involved integrated fields as Psychology, Sociology, Pedagogy and Neuroscience.
- Economic behavior: How an individual makes a choice; The Prospect Theory; Applied risk and uncertainty;
- Social topics and issues: social preferences, strategic interactions and introductory behavioral game theory; the Nudge theory; Behavioral Welfare and Policy.
- Managers, Entrepreneurs and Intrapreneurs, Accountants and Lawyers, Business Advisors interested in approaching Behavioral Economic and related topics;
- Psychologists and Educators interested in the application of Behavioral Science, Psychology and Neuroscience to the Economical environment;
- Graduate students (Level 6) interested in an introduction to Behavioral Economic and related topics.
- Bachelor’s degree (level 6) in Commerce (e.g. Economy, Business Administration, Accountancy, Marketing, Finance,HR Management), Law, Political Science. No professional experience is required; OR
- Bachelor’s degree (level 6) in Psychology, Pedagogy, Education Science, Sociology and Philosophy interested in the particular application on the economics environments. No professional experience is required; OR
- Bachelor’s degree (level 6) in other fields will be assessed case by case by qualified internal TIME Institute
Learning & Assessment Methods
Lectures will be held 100% online.
Assessment will take place during class session.
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