Psychological Perspectives on Economic Behaviour
Our lives revolve to a great extent around money. We compare prices, we try to save, we want to earn more and we want to be generous to our friends. Behavioural economics, or economic psychology, is an increasingly influential topic in policy and business. In this course you will learn how psychology contributes to a deepened understanding of economic behaviour and the functioning of markets.
We make economic choices every day, ranging from which breakfast cereals to buy, to whether to apply for a house mortgage. Economic psychology (or behavioural economics) is an exciting and growing research field at the intersection between psychology and economics. In this course, you will learn how psychological factors affect every day economic behaviour as well as larger financial decisions. The course covers, for example, the relationship between money and happiness, how we judge prices in foreign currencies, stock market psychology, how and why our experience of a product is affected by how much we paid for it, and why financial incentives sometimes have the opposite effect to what was intended.
The course is suited for economics students who seek to complement their knowledge with insights from psychology, and for psychology students interested in economic behaviour. Prior knowledge is however not essential to benefit from the course, just an interest in the combination of economics and psychology.
Combine with: Environmental Psychology
If you are an EU/EEA citizen or have an approved residence permit in Sweden, you can now study psychology taught in English for a full semester. This course is possible to combine with Environmental Psychology. Please note that you have to apply to both of them.
The teaching consists of lectures and seminars. The seminars are focused around scientific articles and involve discussions and exercises.