RESEARCH-BASED PROGRAMME - BEHAVIORAL ECONOMICS
Behavioral economics stresses the need to incorporate psychological considerations into economics. The course covers three topics:
1. decision making under risk (loss aversion, probability weighting, reference dependence);
2. decision making across time (self-control, timing preference);
3. other-regarding preference (altruism, fairness, reciprocity).
Evidence from financial market, saving behavior, labor market and other areas will be used to show how behavioral economics can be fruitfully applied to yield important insights into behavior under different settings. Overall, this course aims to help you develop skills on:
• how to incorporate psychology to help explain economic behaviour;
• how to apply behavioral economics to various economic and business settings.
|Welcome message from Dean of NUS SCALE
||Tutorials conducted over Zoom
Participants should have completed courses on Microeconomics, Probability Theory at undergraduate level.
WHO SHOULD ATTEND
Undergraduate students major in economics, and have completed at least 4 semesters before joining the programme.
MODE OF DELIVERY
34 hours of Synchronous sessions including lecture and tutorials.
MODE OF ASSESSMENT
Associate Professor, Dean’s Chair
Department of Economics, Faculty of Arts and Social Sciences
National University of Singapore
Zhong Songfa is an Associate Professor and Dean’s Chair in economics at the National University of Singapore. His research interests are Behavioral Economics, Experimental Economics, Genoeconomics and Neuroeconomics.
Prof Zhong was a fellow of the Center for Advanced Study in the Behavioral Sciences (CASBS) of Stanford University, and received a Humanities and Social Sciences International Sabbatical Fellowship in the academic year of 2018-2019. He was invited to deliver a plenary talk at the 2018 International Meeting of the Economic Science Association, a major conference in the field of experimental economics. He also received an Award for Excellent Researcher from the Faculty of Arts and Social Sciences for the academic year of 2019-2020 and was appointed as Dean’s Chair at the Faculty of Arts and Social Sciences from 2020 to 2023.
Prof Zhong also serves as an Associate Editor of Management Science, and a Coordinating Editor of Theory and Decision. He received his Ph.D. in economics from the Hong Kong University of Science and Technology in 2009, and B.A. in accounting from Peking University in 2003.
CERTIFICATE OF COMPLETION
Successful participants who complete all requirements of the programme including passing the assessment will receive a certificate of completion issued by NUS SCALE.
A sample of the certificate of completion can be found here:
Participants from the project team with the highest score for the group project will also receive a commendation letter. A sample is shown below:
For enquiries, please contact us at