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BX3124 - Behavioural Economics for Sustainable Policy
Credit points: |
3 |
Year: |
2023 |
Student Contribution Band: |
Band
4 |
Administered by: |
College of Business, Law & Governance |
Economists (and their models) typically assume that people act rationally, which is
a contentious assumption. This subject demonstrates persistent irrational human behaviour
(for example cognitive dissonance, procrastination and norm adherence), pointing at
failure of rational models. The subject then presents alternative models, which accept
irrationality and have more predictive power. The subject provides relevant skills
to students in economics and more broadly to students with an interest in psychology
or who wish to understand how to nudge human behaviour in a desired direction.
Learning Outcomes
- design an experiment for which behavioural and rational models predict opposing outcomes,
to infer which of the two models more accurately predicts human behaviour in a chosen
setting;
- examine and critique how humans make choices, form beliefs and deal with risk and
uncertainty and how this may deviate from the assumptions of rational economic models;
- describe empirical shortcomings of rational economic models regarding inter-temporal
choices and social preferences and compare this to the application of behavioural
models.
Subject Assessment
- Written > Test/Quiz 1 - (40%) - Individual
- Written > Research report - (20%) - Individual
- Oral > Interview - (40%) - Group.
Prerequisites: |
BU1003 OR BU1903 OR EV2003 OR EG4000 |
Inadmissible Subject Combinations:
|
EC5217 BX2124 |
Availabilities
|
JCU Singapore,
Study Period 51,
Internal
|
Census Date 06-Apr-2023 |
Coordinator: |
Dr Sook Rei Tan |
Lecturer:
|
Mr Isa Keaveny. |
Workload expectations: |
The student workload for this
3
credit point subject is approximately
130 hours.
- 20 hours lectures - may include recorded presentations, online activities & self-learning activities inclusive
of lectures, via LearnJCU
- 20 hours tutorials - may include recorded presentations, online activities & self-learning activities inclusive
of synthesising sessions, via LearnJCU
- assessment and self-directed study
|
|
|
JCU Singapore,
Study Period 53,
Internal
|
Census Date 30-Nov-2023 |
Workload expectations: |
The student workload for this
3
credit point subject is approximately
130 hours.
- 20 hours lectures - may include recorded presentations, online activities & self-learning activities inclusive
of lectures, via LearnJCU
- 20 hours tutorials - may include recorded presentations, online activities & self-learning activities inclusive
of synthesising sessions, via LearnJCU
- assessment and self-directed study
|
|
|
Townsville,
Trimester 3,
Mixed attendance
|
Census Date 05-Oct-2023 |
Face to face teaching
(To be advised)
|
Coord/Lect: |
Dr Daniel Grainger. |
Workload expectations: |
The student workload for this
3
credit point subject is approximately
130 hours.
- 20 hours workshops
- 10 hours online activity - Recordings, online activities and self-directed learning
- 10 hours online Tutorials - Online Collaborate Sessions
- assessment and self-directed study
|
|
|
Trimester 3,
External
|
Census Date 05-Oct-2023 |
Coord/Lect: |
Dr Daniel Grainger. |
Workload expectations: |
The student workload for this
3
credit point subject is approximately
130 hours.
- 30 hours online activity - Recordings, online activities & self-directed learning
- 10 hours online Tutorials - Online collaborate sessions
- assessment and self-directed study
|
Method of Delivery: |
WWW - LearnJCU |
|
|
Note:
Minor variations might occur due to the continuous Subject quality improvement process,
and in case
of minor variation(s) in assessment details, the Subject Outline represents the latest
official information.