University of Illinois Urbana-Champaign 4 credits Economics
The intersection of behavioral economics and technology is explored, integrating psychological insights into economic models for understanding digital-age behavior. Key concepts like default effects and heuristic thinking are covered, showing deviations from neoclassical rationality. Applications focus on tech industry and policy, examining market design and choice architecture including ethical considerations. Through lectures and projects, behavioral economics' role in shaping markets and policy is developed, including governmental applications of these insights. Prerequisite: CS 225, CS 374, MATH 241, MATH 257, ECON 203, ECON 302 or their equivalents. Restricted to MS in Economics and Computer Science students, or with permission from the instructor.
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