Psychology and Economics

Photo by Morgan Housel on Unsplash
Prof. Frank Schilbach
Level: advanced
University: Massachusetts Institute of Technology
Platform: MIT Open Course Ware
Year: 2020
Recurrence: flexible
Language: English
Discipline: diverse, Economics
Attendance: free
Workload per week: 3.0 h

Psychology and Economics (aka Behavioral Economics) is a growing subfield of economics that incorporates insights from psychology and other social sciences into economics. This course covers recent advances in behavioral economics by reviewing some of the assumptions made in mainstream economic models, and by discussing how human behavior systematically departs from these assumptions. Applications will cover a wide range of fields, including labor and public economics, industrial organization, health economics, finance, and development economics.

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