Infopaket

Behavioral economics

ВК 6.1

Вибіркова дисципліна для ОП

Second

2023/2024

4 Semester

5

PLO 2. Ability to analyze, justify and implement effective economic decisions on the development of socio-economic systems and management of economic entities. PLO 3. Ability to communicate freely orally and in writing on professional and scientific issues in Ukrainian and foreign languages. PLO 9. Make effective decisions under uncertain conditions and requirements that require the application of new approaches, methods and tools of socio-economic and political-economic research. PLO 12. Justify management decisions on the effective development of economic entities, taking into account the goals, resources, constraints and risks. PLO 18. Formulate new hypotheses and scientific problems in the field of economics and economic policy, choose appropriate areas and appropriate methods for their solution, taking into account available resources

Full-time form

1. Successful mastering of the courses "Economics and Economic Policy", "Microeconomics", "History of Economic Thought", "Macroeconomics". 2. Knowledge of the theoretical foundations of economic decision making; principles and categorical apparatus of the theory of consumer choice; conceptual foundations of modern game theory; categorical apparatus of the theory of intertemporal choice; general principles of choice in conditions of uncertainty.

The discipline "Behavioral Economics" is devoted to the study of behavioral foundations of economic choice and behavioral aspects of modern markets. The course is based on the methodology of sociological experiments and psychological observation. The discipline examines the principles of mental accounting and the role of visceral influences, as well as the fear of loss in the process of economic decision-making by market participants. The discipline analyzes the role of cooperation and the concept of justice in modern markets. The course involves the study in practice of the behavioral principles of intertemporal choice, choice in conditions of uncertainty and mental accounting.

1. Ariely D. Amazing Decisions: The Illustrated Guide to Improving Business Deals and Family Meals. – New-York: Hill & Wang, 2019. – 224 p. 2. Altman M. Handbook of Contemporary Behavioral Economics: foundations and developments. – New-York: M.E. Sharpe publishing, 2006. – 784 p. 3. Angner E. A Course in Behavioral Economics. – 3rd Ed. – New-York: Red Globe Press, 2021. – 352 p. 4. Camerer С., Loewenstein G., Rabin M. Advances in behavioral economics. – Princeton: Princeton University Press, 2004. – 767 p. 5. Cartwright E. Behavioral Economics: Advanced Texts in Economics and Finance. – 3rd Ed. – Oxfordshire: Routledge, 2018. – 586 p. 6. Diamond P., Vartiainen H. Behavioral economics and its applications. – Princeton: Princeton University Press, 2007. – 331 p.

Classes are held in the form of lectures, seminars and independent work. The following teaching methods are used for this: oral questioning, discussion of problematic issues, solving practical cases, writing a test paper; writing essays.

1. Participation in work at seminars (Module 1.): RS 1.1; RS 2.2; RS 3.1 – 10 points / 6 points 2. Execution of creative tasks (Module 1.): RS 1.1; RS 2.2; RS 3.1 – 5 points / 3 points 3. Participation in work at seminars (Module 2.): RS 1.2; RS 3.2; RS 4.2 – 10 points / 6 points 6 4. Solving of the practice problems (Module 2.): RS 1.2; RS 3.2; RS 4.2 – 5 points / 3 points 5. Independent work (drafting oral presentations, participation in the case study): RS 2.1; RS 4.1 – 13 points / 8 points 6. Midterm Test: RS 1.1; RS 1.2; RS 2.1; RS 3.1; RS 3.2 – 7 points / 4 points 7. Final Test: RS 1.1; RS 1.2; RS 2.2; RS 3.2; RS 4.2 – 10 points / 6 points

English