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Be­ha­vi­our­al Eco­nom­ics

About the course

Subjects
Psychology Social responsibility Sustainability Sociology

Course content

This course provides students with a critical view on economics, and its standard models and assumptions based on what we know about personal and market behavior. It is an introduction to a critique that takes as its premise that decision-making and behavior are not necessarily driven by rational considerations but by aspects of psychology.

 

Purpose
The purpose of this course is to enable students to understand economic theories of the market on their own terms while at the same time identifying more philosophical themes related to for example rationality, efficiency and value inherent in these theories.
 
This double understanding of markets should enable students not only to reflect critically about mainstream economic theory but also articulate this critique on the terms of economic theory itself. In the wider context of the CM(fil.) master, the idea of this course is to activate philosophical thinking from inside economics rather than the other way around

See course description in course catalogue

What you will learn

To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:

  • to advance students’ understanding of markets by recognizing the biases and errors of judgment to which all of us are prone
  • strengthen the students’ ability and to analyze and manage complex decisions
  • strengthen students’ ability to support or assess managerial and financial decision-making in all types of firms and organizations
  • through various exercises and experiments students will moreover get familiar with their own behavioral profile

Facts

Level
Master
Type
Mandatory course – also offered as elective
ECTS
7.5
Code
CPHIO2002U
Teaching periods
Spring – 3rd quarter
Academic year
2025/2026
Status
Fully booked – waiting list open for exchange students
Teaching language
English
Teaching Format
On campus
Exams
  • Written exam on campus
    Individual exam, summer
Assessment type
  • 7 point grading scale