International Business Studies PT
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Behavioural Economics

level of course unit

first cycle, Bachelor

Learning outcomes of course unit

Students will:
be familiar with important behavioristic approaches in market analysis;
be able to reflect on empirically collected (suboptimal) data regarding the behavior of actors on the financial market against the backdrop of micro and macroeconomic theoretical approaches.

prerequisites and co-requisites

not specified

course contents

This course is an introduction to Behavioural Economics focusing on behavioral finance. It combines an overview of the literature with group experiments to illustrate the differences between neoclassical and behavioristic paradigms.
Because the course will focus on behavioral finance, students will examine suboptimal behavior of actors on the financial market.

recommended or required reading

Belsky, G. u. T. Gilovich: Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the New Science of Behavioral Economics. New York, 1999.
Kagel, J.H., Roth, A.E. (Hrsg.): Handbook of Experimental Economics. Princeton, 1995.
Shiller, R.: Irrational Exuberance. New York, 2001.
Shleifer, A.: Inefficient Markets. An Introduction to Behavioural Finance. Oxford, 2000.
Thaler, R.H. (Hrsg.): Advances in Behavioural Finance. New York, 1993.
Thaler, R.H.: The Winner´s Curse. Paradoxes and Anomalies of Economic Life. Princeton, 1994.

assessment methods and criteria

Written exam and/or scientific paper and/or presenta

language of instruction


number of ECTS credits allocated


course-hours-per-week (chw)


planned learning activities and teaching methods

Lecture, group work, presentation and task discussion

semester/trimester when the course unit is delivered


name of lecturer(s)

Prof. (FH) Brent Kigner, PhD

year of study

3rd year

recommended optional program components

not specified

course unit code


type of course unit


mode of delivery

In-class course

work placement(s)

not applicable