Behavioral Economics: Beyond Rationality
Students will be introduced to concepts from behavioral economics, exploring how psychological factors can lead to irrational economic decisions.
Key Questions
- Explain how cognitive biases can lead to deviations from rational economic behavior.
- Compare the predictions of traditional economic theory with observations from behavioral economics.
- Analyze how 'nudges' can be used to influence consumer choices for societal benefit.
Ontario Curriculum Expectations
Suggested Methodologies
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