How to think like a Behavioural Economist
| تاريخ بدء البرنامج | آخر موعد للتسجيل |
| 2026-04-21 | - |
| 2027-04-21 | - |
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Course Details
How to Think Like a Behavioural Economist
- Code: O25P491SOW
- Credit: 10 CATS points
- Fees: From Ł300.00
- Dates: 21 Apr 2026 - 23 Jun 2026
- Sessions: 10
- Day of week: Tuesday
- Time: 7:00-9:00pm
- Location: Ewert House, Ewert Place, Banbury Road, Oxford, OX2 7DD
Overview
This course introduces students to the central ideas of behavioural economics and how they depart from traditional Neo-classical models of rationality.
Programme Details
- Week 1: Introduction to Scarcity
- Week 2: Scarcity and Attention
- Week 3: Choice Under Scarcity
- Week 4: Decision-Making and Fairness
- Week 5: Borrowing Behaviour
- Week 6: The Scarcity Trap
- Week 7: The Nature of Poverty
- Week 8: The Road to Prosperity
- Week 9: Organisational Scarcity
- Week 10: Life and Scarcity
Certification
- Credit Accumulation Transfer Scheme (CATS) Points
- Digital Certificate of Completion
Fees
- Course fee (with no assessment): Ł300.00
- Assessment and Accreditation fee: Ł60.00
Funding
If you are in receipt of a UK state benefit, you are a full-time student in the UK or a student on a low income, you may be eligible for a reduction of 50% of tuition fees.
Tutor
- Dr Sangaralingam Ramesh
Course Aims
To provide a conceptual and applied introduction to behavioural economics, focusing on how psychological and social factors affect decision-making under conditions of scarcity, uncertainty, and constraint.
Course Objectives
By the end of the course, students will be able to:
- Understand the foundational concepts of behavioural economics and how they differ from traditional models.
- Explain key behavioural concepts such as bounded rationality, cognitive bias, heuristics, mental accounting, and present bias.
- Apply behavioural theories to real-world economic behaviour, including borrowing, saving, consumption, and poverty.
- Critically analyse how behavioural insights inform policy design and economic development strategies.
- Reflect on their own decision-making processes and economic behaviours through the lens of behavioural economics.
Teaching Methods
The course is taught through weekly two-hour sessions consisting of an interactive lecture and seminar-style discussion.
Learning Outcomes
By the end of the course, students will be able to:
- Describe and distinguish between behavioural and neo-classical economic assumptions.
- Identify cognitive and emotional factors that influence individual economic behaviour.
- Interpret economic decision-making using behavioural concepts such as loss aversion, status quo bias, and framing effects.
- Evaluate the effectiveness of behavioural interventions (e.g. nudges) in public policy and development contexts.
- Communicate behavioural insights effectively in writing and discussion, using real-world examples.
Assessment Methods
Students registered for assessment will complete the following:
- Formative assessment: a 750-word reflective essay based on content from Weeks 14.
- Summative assessment: a 1,500-word essay.
