Skip navigation to content

EC4407 Behavioural Economics

SCOTCAT credits:20
Academic year(s):2017/8
SCQF Level 10
Planned timetable:To be arranged.

Behavioural economics combines traditional neoclassical microeconomics and empirically motivated assumptions with the goal of providing a better understanding of economic behaviour and welfare in settings that range from single-person decision problems under certainty, risk or uncertainty to multi-person decision problems. The module will introduce theoretical models that deviate from the standard assumptions of rational choice in order to explain observed behavioural patterns that arise both in single-period as well as in multi-period decision problems. When relevant, policy implications/responses will also be discussed.

Place in programme(s) and relationship to other modules


Optional for all Economics degrees, Financial Economics, BA (Int Hons) Economics

UG Anti-requisite(s):EC4507, EC4607


Optional for MSc in Economics and MSc in Finance and Economics

PG Anti-requisite(s):EC4507, EC4607

Learning and teaching methods and delivery

Weekly contact:20 hours of lectures over 11 weeks, 1-hour tutorial (x 5 weeks) plus 1 office hour (x 12 weeks).
Total module hours:
  • Scheduled learning: 25
  • Guided independent study: 175

Assessment pattern

UG As defined by QAA:
  • Written examinations: 100%
  • Practical examinations: 0%
  • Coursework: 0%
UG As used by St Andrews:2-hour Written Examination = 50%, Coursework (incl. 2 x Class Tests 25%) = 50%
UG Re-assessment:2-hour Written Examination = 100%
Postgraduate Assessment :2-hour Written Examination = 50%, Coursework (incl. Class Test 25%) = 50%
Re-assessment:2-hour Written Examination = 100%


Module coordinator:Dr G Gerasimou
Module teaching staff:Dr G Gerasimou