The course provides an introduction to political economics and behavioral
economics. It has three main objectives. Firstly, to provide graduate
students with an introduction to the use of experimental methods in
economics and in social sciences. Secondly, to review the main evidence
on violations of traditional economic assumptions that has been provided
by recent research in behavioral economics. Thirdly, to discuss economic
The course offers an introduction to behavioural economics. Students will
gain an understanding of how individuals actually make economic and
financial decisions (descriptive) and guidance on how to improve
economic and financial decision making (prescriptive) in themselves and
others. It will also give an overview of cognitive economics,
neuroeconomics and behavioural finance.The course is also designed to
familiarize students with the use of experiments to address research
1. Economics as experimental science
2. What is cognitive economics?
3. The critique of the rational theory of choice
4. The rationality of the cognitive agent
5. The pars construens
7. The dual system of mind
8. Heuristics and biases
9. Wysiati and risk
Alessandro Innocenti, L’economia cognitiva, Carocci, Roma, 2009.
Daniel Kahneman, Pensieri lenti e veloci, Mondadori, Milano, 2012.
Class and seminar activities
The course will be taught in the first period of the first semester. It will start on thursday October 1, 2015 and end on November 14, 2015.