Course Subject
PADM-GP
.
Course Number
2139
-
Course Credit
3
points

Behavioral Economics and Public Policy Design

Course Description

Standard economic theory assumes that individuals are fully rational decision-makers; however, that is often not the case in the real world. Behavioral economics uses findings from lab and field experiments to advance existing economic models by identifying ways in which individuals are systematically irrational. This course gives an overview of key insights from behavioral science and identifies ways in which these findings have been used to advance policies on education, health, energy, taxation, and more. Additionally, this course will review how government agencies and non-profit organizations have used behavioral insights to improve social policy.

Prerequisites

CORE-GP 1011 and CORE-GP 1018

Semester
Fall