Behavioural Finance

Undergraduate | 2026

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area/catalogue icon
Area/Catalogue
BAFI 2010
Course ID icon
Course ID
202972
Level of study
Level of study
Undergraduate
Unit value icon
Unit value
6
Course level icon
Course level
2
Study abroad and student exchange icon
Inbound study abroad and exchange
Inbound study abroad and exchange
The fee you pay will depend on the number and type of courses you study.
Yes
University-wide elective icon
University-wide elective course
Yes
Single course enrollment
Single course enrolment
Yes
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Note:
Course data is interim and subject to change

Course overview

This course aims to provide students with insights into behavioural theories of finance, an understanding of classical versus behavioural theories of financial decision-making, and an extension of their knowledge of finance by demonstrating how “real” investors and markets do not always correspond to the “rational” agents and outcomes described under modern finance theory.

Course learning outcomes

  • Identify and explain the behavioural biases, heuristics, and framing effects that present obstacles to maximising the value derived from corporate financial and investment decisions
  • Assess how both individual financial decision-making and behaviour affect investment outcomes in financial markets
  • Examine the relevant issues that arise in comparisons between efficient ('economically rational') markets and less understood but more realistic behavioural ('partially rational' or 'irrational') markets
  • Demonstrate how educated investors and corporate decision makers can overcome these behavioural biases, heuristics, and framing effects to improve their corporate financial and investment decisions

Prerequisite(s)

N/A

Corequisite(s)

N/A

Antirequisite(s)

N/A