EC4433 Behavioural Economics: Social and Strategic Interactions

Academic year

2024 to 2025 Semester 1

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

20

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 10

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Planned timetable

When confirmed, check online https://timetables.st-andrews.ac.uk/.

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr T Cuhadaroglu

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Dr Tugce Cuhadaroglu

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

This is a theoretical and applied microeconomics module that studies human behaviour in social and strategic contexts. After reviewing the experimental evidence on human sociality and strategic thinking, it presents theoretical models that incorporate empirically motivated and psychologically realistic assumptions into formal models of human behaviour. The module explores a range of factors - social identity, social learning, social norms, bounded rationality, emotions, and social rationality - that influence and explain human behaviour in market institutions.

Relationship to other modules

Pre-requisites

AVAILABLE WITH PERMISSION OF THE ECONOMICS HONOURS ADVISER

Assessment pattern

2-hour Written Examination = 50% Coursework (incl 2 x Class Tests 25%) = 50%

Re-assessment

2-hour Written Examination= 100%

Learning and teaching methods and delivery

Weekly contact

20 hours of lectures over 11 weeks, 1-hour tutorial (x 5 weeks).

Scheduled learning hours

25

The number of compulsory student:staff contact hours over the period of the module.

Guided independent study hours

175

The number of hours that students are expected to invest in independent study over the period of the module.

Intended learning outcomes

  • By the end of this module, students will be able to discuss the empirical evidence for social preferences and behaviour in strategic situations arising from experimental games.
  • By the end of this module, students will be able to understand why human behaviour may differ from the standard neoclassical theories in social and strategic contexts.
  • By the end of this module, students will be able to become familiar with the main theory of social preferences and behavioural models of game theory.
  • By the end of this module, students will be able to discuss the applications of social preferences and behavioural game theory.