|Year of offer||2017|
|Subject level||Graduate coursework|
|Fees||Subject EFTSL, Level, Discipline & Census Date|
The subject informs students how behavioural economics extends traditional economics by incorporating insights into human behaviour derived from psychology, sociology and neuroscience and how these insights may be valuable for research into accounting.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- explain the behavioural patterns uncovered in behavioural economics;
- explain some of the techniques used by behavioural economics to create knowledge;
- evaluate the contribution of behavioural economics to accounting and finance research;
- synthesise and contrast some of the recently created knowledge for accounting from behavioural economics with knowledge from more traditional accounting research;
- write coherent accounts of issues in behavioural economics;
In terms of cognitive skills, by studying this subject students will improve their ability:
- to explain an argument logically, such as how loss aversion and myopia implies a large premium of equity over bonds;
- to synthesize and contrast different ideas and theories, such as the synthesis of two theories of saving, that is the rational agent theory and the multiple self theory;
- to apply theories to the real world, for example the implications for portfolio choice of mental accounts;
- to evaluate the relevance of competing theories, in particular behavioural economics compared with traditional economics.
At a broader level, this subject will increase students’ awareness of over-arching issues, especially:
- the value of academic research;
- the development of knowledge;
- the contribution of rigorous thinking to solving economic and social problems;
- the interplay of fact, values and theory.
Eligibility and requirements
ECON30019 Behavioural Economics
|Code||Name||Teaching period||Credit Points|
Recommended background knowledge
Successful completion of undergraduate microeconomics subjects is recommended.
Core participation requirements
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
- A 2-hour end of semester examination (70%)
- A 3000 word essay due three weeks prior to the end of semester (30%)
Note: Successful completion of this subject requires a pass (50%) in the final exam.
Dates & times
- Semester 2
Principal coordinator Tom Wilkening Mode of delivery On Campus — Parkville Contact hours One 3 hour seminar per week Total time commitment 170 hours Teaching period 24 July 2017 to 22 October 2017 Last self-enrol date 4 August 2017 Census date 31 August 2017 Last date to withdraw without fail 22 September 2017 Assessment period ends 17 November 2017
Semester 2 contact information
Time commitment details
Estimated total time commitment of 170 hours per semester
You will be advised of prescribed texts by your lecturer.