Behavioural Economics

Undergraduate | 2026

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Area/Catalogue
ECON 1013
Course ID icon
Course ID
205968
Level of study
Level of study
Undergraduate
Unit value icon
Unit value
6
Course level icon
Course level
1
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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 introduces students to important economic concepts and tools that help them understand how the market system operates, how business decisions are made within a competitive environment and how psychological factors can influence those decisions and explain real-world economic behaviours. It analyses why decisions may depart from those predicted by classical economic models by incorporating psychological aspects into the theory. This course helps students understand why people make the decisions they make, improve their own decision making, and predict how others behave in situations in which they interact strategically.

  • Choice Under Certainty
  • Probability Judgement
  • Choice Under Risk And Uncertainty
  • Intertemporal Choice
  • Strategic Interactions

Course learning outcomes

  • Demonstrate how standard assumptions in economics translate into predicted behaviour
  • Derive behaviour predicted by classical game theory in simple games
  • Critically evaluate standard assumptions made in classical economic theory
  • Explain behavioural concepts in individual decision making and behavioural interactions
  • Apply behavioural concepts to new economic situations

Prerequisite(s)

N/A

Corequisite(s)

N/A

Antirequisite(s)

N/A