Economic Analysis of Social Behaviour
Full course description
The main aim of this course is to understand complex social problems and to formulate them as an economic model. Economics comprises a powerful and flexible set of tools that can be applied to analyse the consequences of social forces and market behaviour to get to grips with such problems. Understanding how people get what they want or need in a social context where other people want or need the same is a cornerstone of modern life and the key to solving many complex problems, from violent crime to technology adoption by firms, and from cheating in sports to poor education of particular demographic groups.
Understand how social problems can be analysed from an economic perspective. Being able to describe social behaviour in terms of choices people make (trade-offs) and market interactions that exist. Being able to apply this knowledge to various cases.
Required knowledge for this course is a basic understanding of economic models and elementary knowledge of mathematics. Students must be able to derive the maximum of a function. A bachelor degree in economics or a related field would be a perfect start for this course.
An advanced level of English.