ECS578 Incorporating Psychology into Economic Models

• Topics

  The course covers the research frontier in behavioral economics. It will show how psychological mechanisms can be included in economic theories, and implications of these models for our understanding of key questions in economics. The course will also discuss how to think about economic models and use them in your own research.

• Learning outcome

  Upon completion of the course, the students will:

  Knowledge

  • have a sound knowledge on key topics in behavioral economics
  • be able to apply behavioral models to relevant questions
  • be able to assess the relevance of these models for research questions within economics

  Skills

  • be able to identify relevant research questions in behavioral economics

  General competence

  • be able to read and reflect on papers at the research frontier in behavioral economics

• Teaching

  There will be plenary lectures, discussion on research ideas, and student presentations.

• Restricted access

  • PhD candidates at NHH
  • PhD candidates at Norwegian institutions
  • PhD candidates at other institutions.
  • PhD candidates from the ENGAGE.EU alliance.
  • Motivated master’s students may be admitted after application, but are subject to the approval from the course responsible on a case by case basis

• Recommended prerequisites

  Master level Microeconomic Theory and Econometrics.

• Compulsory Activity

  Course attendance and participation in discussions.

• Assessment

  A paper on a topic covered in class, due 2-3 weeks after course completion. The paper must be written individually and in English, and should be around 15 pages (including references)

• Grading Scale

  Pass/Fail

• Literature

  To be distributed at the start of the course