This course aims to teach students some techniques of behavioural economics, classical economics, and compare the two approaches. It focuses on the principles and basic models of decision-making used by both streams of economists, as well as their consequences.

Upon a successful completion of this course, students should be able to:
• Understand and be able to explain research in behavioural economics.
• Apply effectively the theories of behavioural economics to current debates.
• Be familiar with aspects of decision-making under uncertainty and theories of learning and knowledge.
• Understand  the debates on rationality, knowledge and  equilibrium in microeconomics;
• Be able to apply behavioural economics ideas to practical situations, both to explain observations and to suggest policy improvement+D115s.

There will be a number of problem sets, and a final exam.

ECON1101 Microeconomics 1 or ECON1100 Economics 1 (H).

Please refer to Course Website