ECON 4350 - Microeconomics of Decision-Making

This course will examine alternative models of economic and non-economic decision-making. The course will cover models of rational decision-making under certainty and uncertainty, bounded rationality, preference-based approaches (e.g., loss aversion, ambiguity aversion, disappointment aversion), and heuristic decision-making. The emphasis throughout will be on the proper interpretation of more general models of decision-making as well as real-world applications.

Prerequisite: ECON 2010 or ECON 2020; and MATH 2010.

When Offered: SPRING TERM ANNUALLY

Co-Listed: ECON 6350

Graded: GRADED