Deadline:
May 31, 2025
Program Starts: July 13, 2025
Program Ends: August 02, 2025
Location(s)
United Kingdom
Overview
Behavioural economics is one of the fastest growing branches of economics and relaxes many of the assumptions of traditional economic theory. In this course, we will consider the traditional theories and models of economics and analyse how behavioural economics begins to move away from these models, by relaxing traditional assumptions. By doing this, behavioural economics looks to explain how agents actually behave in practice and what factors can sometimes explain seemingly irrational behaviour.
The course will expose students to several major topics in Behavioural Economics and will look to link theory with empirical applications. We will analyse the role of behavioural economics in the context of both consumer and firm behaviour. In particular, the course will focus on departures from neoclassical preferences and from rational expectations.
Details
Some of the topics that will be covered in this course include:
- Strategic Thinking
- Reference Dependent Preferences and Loss Aversion.
- Social Preferences.
- Hyperbolic Discounting.
- Naiveté and Self-Control.
- Happiness and Adaptation.
- The role of nudging and framing and the impact on consumer behaviour.
- Behavioural Welfare Analysis.
- Altruism and Cooperation.
- Herd Behaviour.
- Non-standard beliefs (including the gamblers' fallacy)
- Status and social comparison
- Individual Heterogeneity and Economic Implications
- Experiment Design in Practice
- Neuroeconomics
Opportunity is About
Eligibility
Candidates should be from:
Description of Ideal Candidate
This course is open to students who are studying or have previously studied Economics at University level. You should attach your most recent transcript or provide a screenshot of your modules from your student portal as evidence when you apply.
Students must be aged 18 or over by the time the Summer School commences and have a good understanding of the English language.
Dates
Deadline: May 31, 2025
Program starts:
July 13, 2025
Program ends:
August 02, 2025
Program Starts: July 13, 2025
Program Ends: August 02, 2025
Cost/funding for participants
Warwick Summer School (tuition fee only)
- Student Rate* £2,460
- Standard Rate £3,300
- Application Fee (non-refundable) £50
Un-save Opportunity
Internships, scholarships, student conferences and competitions.
