The Behavioural Economics and Game Theory track focuses on the psychology of economic behaviour. This track is 1 of 6 tracks you can opt for in our Master's in Economics.
In the Behavioural Economics and Game Theory track in the Economics Master’s you learn about the psychological, social and strategic considerations of economic behaviour. The way in which we frame our problems determines our decisions. Dive into such hidden motives and mechanisms in this track.
In this analytically challenging course you will dive into the concept of strategic interdependent decision making. Study theoretical concepts and their applications like the oligopoly, auctions, bargaining, reputation and signalling.
In this course you will learn to understand the psychological underpinnings of economics behaviour and of recent theories in behavioural economics. By critically reading and evaluating academic papers you will gain insight in individual choice and strategic interaction, especially social preferences and reciprocity.
In this course you will learn the basic methodology of experimental economics: how to design a simple experiment, including writing instructions. You will practice both with laboratory and field experimentation evolving around:
In this course you will become familiar with neuroeconomics: a relatively new field of research. You will learn to understand its relevance for understanding economic behaviour.
Topics you will cover are:
Expect firing discussions on (potential) applications and ethical issues.
How does evolution shape human behaviour in general and behaviour in economic situations in particular? To answer this question you will learn to understand the basic principles of evolutionary dynamics and evolutionary game theory.
Analyse the Brexit negotiations using game theory. Game theory is invented by John Nash, the Nobel prize winner featured in the film 'A Beautiful Mind'. The theory is about mathematically determining the likely outcomes when 2 or more parties are negotiating. It provides a logical way of picking through various claims and counter-claims.
Examples of current newspaper headlines and relevant issues that could be discussed in your classroom.
Graduates of the Master's programme in Economics/Behavioural Economics and Game Theory track have excellent job prospects for positions as researchers and experts in:
Behavioural Economics & Game Theory is 1 of 6 tracks you can opt for in our MSc Economics. If you are more interested in another field of economics, read the info on 1 or more of the other tracks.