Advanced Economics

What Students Learn

Building on economics foundations, this course introduces behavioral economics and examines decision making under limited information and cognitive constraints. Students compare conventional models with observed behavior and use cases and research evidence to analyze choices in consumption and public policy.

Learning Focus

1. Rational choice and behavioral models: compare assumptions with decisions

2. Cognitive biases and heuristics: anchoring and framing effects

3. Risk and time: loss aversion and intertemporal choice

4. Behavioral interventions and ethics: evaluate nudges and their conditions

Learning Outcomes

Students use economic concepts to explain behavior, evaluate research evidence, and examine the effects and limitations of interventions. Connecting theory with specific contexts develops economic inquiry and independent judgment.