Behavioural Econ and Behavioural Finance
Economics · 3 hrs Lecture
Offered: Every Second Year
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Hard to catch. Runs only every second year, and the calendar doesn't say which, confirm the next offering with the department before counting on it.
ECON-3105 prerequisites
4 courses appear in this chain, up to 2 levels deep. 1 is needed whichever route you take: ECON-2101
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Where ECON-3105 counts
Counts toward 1 more as one option among several, not as a course you must take:
- EFIN 4-YEAR BA IN ECONOMICS AND FINANCE
Read from the departments' own calendar pages, where 71 of 141 programs are only partly machine-readable, so treat these as a minimum rather than the full list. Confirm with an academic advisor.
Description
This course is an introduction to behavioural economics and behavioural finance. These research areas have developed in response to work undertaken by economists and psychologists examining decision making under different settings. The course begins with a presentation of the standard models of decision making used by economists for choices under certainty and in uncertain settings. It then looks at experimental results based on expected utility theory and alternatives such as prospect theory. Issues that may be discussed include non-standard preferences, cognitive biases, bounded rationality, loss aversion, reference points, endowment effects, and behavioural game theory.
Requisite courses
ECON-2101 [prerequisite(s)].
Note
Experimental Course - This course is offered on a trial basis to gauge interest in the topic. Students who successfully complete this course receive credit as indicated.
From the 2026-27 undergraduate calendar. Always verify details on WebAdvisor or with an academic advisor before registering.