INTERNATIONAL ECONOMY AND BEHAVIORAL ECONOMICS A

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INTERNATIONAL ECONOMY AND BEHAVIORAL ECONOMICS A

Subtitle	Introduction to Behavioral Economics
Lecturer(s)	ZHOU, MENG Y.
Credit(s)	2
Academic Year/Semester	2025 Fall
Day/Period	Thu.2
Campus	Mita
Class Format	Online classes (mainly real-time format)
Registration Number	51949
Faculty/Graduate School	ECONOMICS
Department/Major	ECONOMICS Type A, B
Year Level	3, 4
Field	MAJOR SUBJECTS ELECTIVE
Grade Type	This item will appear when you log in (Keio ID required).
Course Description	This course is for learning the theoretical foundations of behavioral economics and its application for the purpose of applications to international economics. New analytical methods and theories proposed by behavioral economics based on empirical analysis will be discussed for the purpose of understanding in economic behavior between countries and differences in various economic phenomena.
K-Number	FEC-EC-35173-222-07

Course Administrator	Faculty/Graduate School	FEC	ECONOMICS
Course Administrator	Department/Major	EC	ECONOMICS
Main Course Number	Level	3	Third-year level coursework
	Major Classification	5	Major Subjects Course- Advanced Course
	Minor Classification	17	Lecture - International Economy
	Subject Type	3	Elective subject
Supplemental Course Information	Class Classification	2	Lecture
	Class Format	2	Online classes (mainly real-time format)
	Language of Instruction	2	English
Academic Discipline		07	Economics, business administration, and related fields

Course Contents/Objectives/Teaching Method/Intended Learning Outcome

Contents:
This course is for learning the basic concepts of behavioral economics, including terminology, theoretical models, empirical results, and applications.
Traditional economics assumes an agent called “Homo economicus,” who is exclusively selfish, perfectly rational, and always maximizes utility. In this course, the definition of behavioral economics is known as “the study of economics that does not rely on the assumption of the rational, selfish economic person”.
In behavioral economics, research uses survey data and experiments to test economic assumptions and study human behavior. To explain the human behaviors found in empirical results, behavioral economists combine economics with insights from other subjects, such as psychology, sociology, neuroscience, et cetera. Behavioral economists also propose new theoretical models to describe and interpret human behavior.

Objectives:
To get a good understanding of this course, students are encouraged to get involved in the experiments and games conducted during the class. This course aims to provide a general picture of the applications and limitations of behavioral and traditional economics.

Teaching Method:
Online real-time lecture via Zoom.
Begin a lesson with a short review of previous learning and the quiz.
Lectures along with experiments and games.
Please follow the instructions and complete the surveys before/during the class.
Please make sure that you can log in to K-LMS during class.

Intended Learning Outcome:
Understanding the basic terminology and concepts of behavioral economics
Applying behavioral economics to daily events and other subjects