Course description

The FEBT Summer School Behavioural economics focuses on the development of analytical and critical skills relevant for developing a holistic perspective on behavioural economics. It specialises on evaluating current trends and future prospects in the field of behavioural economics, developing a holistic perspective on evolution, cultural differences and challenges of cooperation, as well as developing basic framework for analysing behavioural mechanisms of economic decision making, while accounting for psychological and cultural aspects in this process. The experts in the field provide the scientific and practical knowledge of theories and methods used in behavioural economics.

 

Learning oututcomes

• Evaluate the current trends and future prospects in the field of behavioural economics

• Develop a holistic perspective on evolution, cultural differences and challenges of cooperation

• Develop basic framework for analysing behavioural mechanisms of economic decision making

• Account for  psychological and cultural aspects in decision-making

 

Target audience

• Graduate students in economics (or in social sciences, technical sciences or science related fields) who intend to round out their knowledge in the field and use it in the proces of preparing dissertations.
• Holders of undergraduate degrees or students on last year of ther studies in economics or the social sciences who wish to study the field of behavioural economics.
• Researchers and professionals working in the field.

 

Credits transfers (ECTS)

This FEBT Summer school program offers participants the possibility of going through evaluation process for the purspose of requesting official credit transfers (ECTS).

• Evaluation process

Participants who wish to acquire 6 ECTS will be evaluated based on the regular and active course attendance and  taking an exam in the form of take-home essay.

The goal of the essay is to show the necessary ability to critically think about the challenges of behavioural economics and the essay should have approximately 10.000 words.

 

Certificate of attendance

Participants not interested in credit transfer will instead receive the Certificate of Attendence, stating the course completed. These students will be neither evaluated nor graded.

 

Course fee

The price of course includes lecture and practical hours. More details about fees find here!

 

Course outline

Week of July 3 - 7, 2023 (Face-to-face)

Face-to-face lecture themes	Lecturer	Lecture Hours
Behavioural mechanisms of economic decision making
Behavioural economics (mental accounting, nudging, prospect theory, time discounting, self-control, self-signalling)	Dražen Prelec (MIT)	4
New theories of decision under uncertainty and their applications to health	Han Bleichrodt (Erasmus University, Rotterdam)	4
The relevance of norms and image concerns in economic behaviour	Zvonimir Bašić (Max Planck Institute, Bonn)	4
Behavioural economics: current trends and future prospects	Silvia Golem (FEBT, Split)	2
Psychology of judgment and decision-making	Nicolao Bonini (University of Trento)	2
Evolution, cultural differences, and challenges of cooperation
Evolutionary Dynamics of Reputations and Cooperation	Fernando P. Santos (University of Amsterdam)	4
Cooperation and conflict between groups	Angelo Romano (Leiden University)	2
Searching and meta-analyzing experimental research on cooperation using the Cooperation Databank	Giuliana Spadaro (Vrije Universiteit Amsterdam)	2
Freedom of choice in cooperation, trust and ultimatum games	Ivan Romić (IIR, Tokyo)	4
Theory and reality of human cooperation	Marko Jusup (IIR, Tokyo)	4
Cultural differences and economic behaviour	Josipa Višić (FEBT, Split)	2
Behavioral finance and macroeconomics
Behavioural economics on financial markets: Individual risk-tolerance, systemic risk and aggregate market functionality	Ana Kundid Novokmet (FEBT, Split)	4
Behavioural macroeconomics	Lena Malešević Perović (FEBT, Split)	2
Workshop and essay writing	FEBT lecturers	5*
* Essay writing includes 5 hours of workshop and 105 individual hours of participants who want to join the Summer School for the purposes of requesting official credit transfers of 6 ECTS