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Apr 18, 2024
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ECON 4320 - Economic Models of Decision-Making
An exploration of models of decision-making under alternative assumptions, expanding on “rational” models of introductory economics. The course will discuss the assumptions of these standard models and their shortcomings. The shortcomings will be addressed through the exploration of limited attention and considerations of fairness, uncertainty, and strategic interaction. Applications in areas such as consumer and household finance, marketing, and public policy will be emphasized throughout.
Prerequisites/Corequisites: ECON 1200 or IHSS 1200 .
When Offered: Fall and spring terms annually.
Credit Hours: 4
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