Předmět Economics and Psychology (YBA130)

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Materiál	Typ	Datum	Počet stažení

Cíl

Upon successful completion of the course the students will:understand the relationship between economics and psychology and be able to assess the role of rationality in the scientific attempts to explain human behaviorgain a better understanding of basic economic concepts that is necessary for the final state exam ("SVIP")be able to orient themselves in economic texts and to evaluate them critically

Sylabus

The course will concentrate on following topics:What kind of science is economics?What is science? What is the main distinction between natural and social sciences (if there is any)? In what sense is the methodological approach of economics specific? Is economics an empirical science?Relation of economics to psychologyDoes economics need psychology? What is the aim of economic/psychological explanation? Who is homo economicus? Is he/she selfish? What  do we understand under "preferences" and "utility"?What is rationality? Rationality versus irrationalityWhat is the common sense definition of rationality? How does social science treat rationality? Why is rationality so important? Is it even possible to act irrationaly?The role of rationality in the scientific account of human behaviorThe problem of observer. The central position of the notion of rationality in accounting for human action. Is there any significant difference between psychology and economics in their approach to rationality? What are the pitfalls of the search for rational explanation?Rational choice theory (RCT) and revealed preference theoryWhat is the standard model of behavior in economics? What is behaviorism and does it work? Is human mind really a black box and why should we think so?Behavioral economics: Humans versus econsWhy don't we substitute homo economicus with some "real" human being in our models? What is the aim of behavioral economics (BE)? Does BE extend or replace rational choice theory?Heuristics and biases in human decision-makingAre people predictably irrational? Is irrationality bad? Can we learn to overcome our irrationality?Individual behavior and its aggregation into the "market" or "economy"What are the aggregate effects of small irrationalities of the individuals? Do they cancel out or magnify? How do we "count together" individual human actions?Behavioral macroeconomics - incorporating insights from psychology, anthropology and sociologyAre there macrosocial phenomena (as an existence of an underclass, involuntary unemployment) to be explained through behavioral approach? What is economic imperialism? Is BE a "reversed imperialism"?Economics, psychology and policy-makingWhat is the purpose of BE? Can it improve our political decision making and quality of the laws the government creates? What is paternalism and is it an answer?

Garant

Ing. Petr Špecián, Ph.D.