Behavioural Economics I: Individual Decision Making

The details
Colchester Campus
Postgraduate: Level 7
Thursday 08 October 2020
Friday 18 December 2020
09 October 2019


Requisites for this module



Key module for

MSC L11912 Behavioural Economics,
MSC L119JS Behavioural Economics,
MSC L119UH Behavioural Economics

Module description

This module is designed as an introduction to Behavioural Economics. Behavioural Economics has been one of the fastest growing areas in Economics in recent years with wide-reaching impact beyond academia.

This module is designed as an introduction to Behavioural Economics which studies the relationship between psychology and economics. In this module we will focus on individual decision making. Students will study the circumstances under which classical theory does not serve as a good predictor of empirically observed behaviour and how behavioural economics can reconcile these empirical findings with theoretical models. Students will learn the most important empirical and theoretical findings of behavioural economics for individual decisions.

While theoretical concepts and models will play an important role in the course, much of the material will focus on empirical and specifically experimental results and many of the readings will reflect this.

Module aims

To equip students with a theoretical understanding of concepts and models relevant to Behavioural Economics and to familiarise them with relevant experimental evidence (lab and field), where appropriate.

Module learning outcomes

This module is the first part of a two-term sequence that serves as an introduction to behavioural economics, a fast-growing field that incorporates insights from psychology into classical economic theory.

Module information

No additional information available.

Learning and teaching methods

The module will consist of one two-hour lecture per week and one hour class per week. Teaching materials can be accessed via the course material repository. Students are expected to present research articles during the classes and to prepare eventual problem sets (to be given in due time). To prepare the weekly ectures, students are expected to read a number of papers along with additional materials, if provided. Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance.


This module does not appear to have any essential texts. To see non-essential items, please refer to the module's reading list.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Weighting
Coursework   Test     
Exam  120 minutes during Summer (Main Period) (Main) 

Overall assessment

Coursework Exam
50% 50%


Coursework Exam
50% 50%
Module supervisor and teaching staff
Dr Ahrash Dianat, email:
Dr Arash Dianat
For further information, send a message to



External examiner

Dr Francis Kiraly
Newcastle University
Lecturer Economics
Available via Moodle
Of 31 hours, 29 (93.5%) hours available to students:
2 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).


Further information

* Please note: due to differing publication schedules, items marked with an asterisk (*) base their information upon the previous academic year.

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