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Johns Hopkins University | AS.180.389

Social Policy Implications of Behavioral Economics

3.0

credits

Average Course Rating

(4.6)

Economists increasingly incorporate insights from psychology into models of rational decision-making. Known as "behavioral economics", this line of research considers how, for example, emotions, rules-of-thumb, biased beliefs and time-inconsistent preferences influence how we make choices. Behavioral economics increasingly pervades policy discussions on topics as diverse as: obesity, the role of media, subprime mortgages and voting patterns. Behavioral models are certainly novel, but do they help us to design superior social policies? With the goal of preparing students to address this question, this course (1) provides a thorough overview of the main contributions of behavioral economics, highlighting departures from more traditional economic models and (2) emphasizes how behavioral economic models might (or might not) improve how we think about social policy.

Spring 2013

(4.4)

Spring 2014

(4.8)

Spring 2015

(4.6)

Spring 2013

Professor: Nick Papageorge

(4.4)

The best aspects of the course included the interactive lectures and interesting course material. The professor was not only enthusiastic in his teaching but helpful to students. The worst aspects of the course included the early morning class time and the hefty writing/reading assignments. The course would improve if the problem sets were discussed more in class and if the readings were perhaps shortened. Prospective students should expect an interesting economics course and should stay on top of the readings.

Spring 2014

Professor: Nick Papageorge

(4.8)

The readings, writing assignments, and the intellectual chal enge were cited by students as the best aspects of this course. Some students thought the difficulty of the concepts introduced and the related readings were the worst aspects of the course. More feedback and guidance for the policy papers was suggested as a possible improvement. Students interested in the course should know that it comes highly recommended from students for the material covered and the intellectual challenge it offers.

Spring 2015

Professor: Nick Papageorge

(4.6)

The best aspects of this course included student access to both problem sets and solutions posted online at the same time. Students received ample feedback on assignments. Many course concepts were advanced and some students felt they did not know how to properly read an economic policy paper. This class could be improved by posting slides online prior to class and working example problem sets during lecture. Prospective students should know that this class is more qualitative than other economics courses.

Lecture Sections

(01)

No location info
N. Papageorge
09:00 - 10:15
11 waitlist / 25 seats