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Behavioural Economics and the Modern Economy
Behavioural Economics and the Modern Economy - 5-day executive course at LSE
Over the past 30 years, behavioural economics has had a revolutionary impact on the assumptions of traditional economics regarding perfect rationality and uncompromising self-interest, and this Behavioural Economics and the Modern Economy executive course is designed precisely to explore the psychologically realistic alternatives put forward by behavioural economists.
The 5-day programme is based on the scientific goal that behavioural economics ultimately aims to achieve: to understand how people actually behave. To this end, it covers the key topics of behavioural finance, planning over time, limited social rationality, libertarian paternalism and nudges, equipping participants with an essential understanding of:
- the heuristics and biases that affect key elements of human decision-making
- the impact of social, time and risk preferences on human behaviour in an economic context
- the foundational principles of behavioural finance and certain anomalies in financial markets
- the benefits & limits of some of the regulatory solutions advocated by behavioural economists
With a strong focus on formal economic models and research, the course will bring delegates up-to-date with modern behavioural economic thought and its implications for firms and regulators.
Suitability - Who should attend?
This Behavioural Economics and the Modern Economy short course is suitable for professionals in the business and finance sector, as well as policy practitioners looking to use behavioural insights to inform public policy.
Participants are expected to have:
- fluency in English
- an undergraduate degree
- an absolute minimum of 2 years’ professional experience
The course covers the following key topics:
- Behavioural Finance: Trade, Insurance and Risk Perceptions
- Planning over Time: Procrastination, Credit Markets, Housing, Saving and Retirement
- Limited Social Rationality: Winner's Curse, Social Learning, Defensive Medicine
- Libertarian Paternalism, Nudges
About LSE's Short Executive Courses
The LSE Executive Education Courses has developed the skills of executives from over 60 different countries, and will be offering 14 world-class courses as part of its exclusive 2018 programme.
Participating will enable you to:
- take time to think about how cutting-edge theories and best-practice can be applied to your business
- engage with world-class LSE teaching faculty
- study at the world-renowned LSE campus, right in the heart of London
- take advantage of global networking opportunities
Fees for this course are £5,795.
LSE Alumni – graduates of the LSE and previous attendees of the LSE Executive Education Courses are entitled to a 15 percent discount *Exclusions apply*
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Provider: London School of Economics and Political Science
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