Master (6 ECTS) Lecture and tutorial "Advanced Public Policy IV: Behavioural Economics"
The module covers central methods and concepts of behavioral economics at an advanced level.
This course provides an introduction to theoretical and empirical research in behavioral and experimental economic research. Behavioral economics raises questions about the behavioral assumptions of standard economic Theory in particular standard economic preferences, standard economic beliefs, and standard economic decision making applying psychological insights to economics. We first discuss models of economic decision behavior. Then, we will present evidence from laboratory and field experiments in economics and psychology which has led to alternative descriptive models of behavior. In this context, we will also discuss how the modern empirical toolbox of behavioral economists can help to obtain causal evidence on the determinants of human behavior. Finally, we will also briefly discuss recent advances in behavioral economics, such as Neuro- and Genoeconomics.
Master (6 ECTS) Lecture and tutorial "Economics of Education"
The course deals with current research in the area “Economics of Education” at an advanced level, involving theoretical models as well as current empirics. We discuss the relevance of education as a central driver for individual and societal economic well-being and for productivity growth in the economy. Thereby, we cover topics such as individual decisions to invest (or to not invest) in education, long-term individual and social returns to education, the role of human capital, i.e. an individual’s skills and abilities, as a determinant of labor market success and the efficiency and equity of various different educational policies.