ECON 302 - Behavioral Economics

2020-2021 Catalog Year

Credit(s): 3
Lecture: 3
Non-Lecture: 0
This course describes how the use of evidence from psychology and experimentation can improve the predictive power of standard economic theories. Standard economic theories represent human beings in ways that are often different from how they really behave. Evidence suggests that human behavior diverges often from standard notions of economic rationality in predictable ways. Predictions about individual behavior are more accurate and the policies of governments are more effective when this evidence is effectively used.

Prerequisite(s): Proficiency in Basic Requirements and ECON 210
Offered: Every spring
Restricted to: Restricted to School of Business majors (No pre-majors).