Keio University Syllabus and Timetable

INTERNATIONAL ECONOMY AND BEHAVIORAL ECONOMICS B

Lecturer(s)OGAKI, MASAO; ZHOU, MENG Y.
Credit(s)2
Academic Year/Semester2023 Fall
Day/PeriodFri.2
CampusMita
Class FormatOnline classes (mainly real-time format)
Registration Number86464
Faculty/Graduate SchoolECONOMICS
Department/MajorECONOMICS PEARL COURSE
Year Level3, 4
FieldMAJOR SUBJECTS ELECTIVE ADVANCED COURSES (PEARL)
Course DescriptionThis 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 AdministratorFaculty/Graduate SchoolFECECONOMICS
Department/MajorECECONOMICS
Main Course NumberLevel3Third-year level coursework
Major Classification5Major Subjects Course- Advanced Course
Minor Classification17Lecture - International Economy
Subject Type3Elective subject
Supplemental Course InformationClass Classification2Lecture
Class Format2Online classes (mainly real-time format)
Language of Instruction2English
Academic Discipline07Economics, business administration, and related fields

Course Contents/Objectives/Teaching Method/Intended Learning Outcome

This course aims to deepen understanding of economic policies and international comparisons of economies, using behavioral economics. It focuses on social preferences such as altruistic and inequality aversion preferences, international differences in norms, culture, religion, and worldview, and their effects on economic behavior and outcome. The students are encouraged to register for "International Economy and Behavioral Economics a" at the same if she or he has not taken the course in the past. (If you decide to take both courses at the same time, then it is important for you to understand that "International Economy and Behavioral Economics a" is a related but different course.)

The teaching method for this course is a flipped teaching. Remembering and understanding the materials are to be done outside the course by reading the slides and textbook (two copies of the book will be reserved for the course at the Keio University Library, but no electronic copy is available at the library: the library decided not to purchase because it was only available for university libraries as part of a collection of books.) Exercise questions and quizzes are given every week in principle, and three homework assignments (each assignment is given after about 4 classes) will be given. Surveys and experiments for the purpose of deepening the understanding are given every week in principle. The classroom time is only used for explaining important points you need to learn from surveys, experiments, exercise questions, etc. in the online meeting and answering questions about any of the course materials. It is desirable to attend the real time online class each week, but is acceptable to watch on-demand video of the class.

This course uses the K-LMS for surveys, experiments, quizzes, questions & answers, homework, and in-class final exam, and so on. It is important for the registered students to pay attention to the announcements made in the course's K-LMS.

The basic rule for the course is that no course credit is given to a student who fails to turn in any quiz or homework assignment by the deadline even though exceptions are made for valid reasons such as health and internet connection problems.

Course Plan

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Method of Evaluation

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Textbooks

Ogaki, Masao and Saori C. Tanaka. (2018). Behavioral Economics: Toward a New Economics by Integration with Traditional Economics. Springer. ISBN 978-981-10-6438-8

Only two paper version copies of the textbook are available at the Keio University library. If you decide to purchase a copy, the textbook’s electronic version is recommended because some corrections were made after the first paper version of the textbook was published). The electronic version can be purchased at
https://link.springer.com/book/10.1007/978-981-10-6439-5

Reference Books

Kagel, John H. and Alvin Roth (2013). The Handbook of Experimental Economics, Volume 2, Princeton, Princeton University Press. ISBN 978-0691139999

The electronic version of this book is available at the Keio University library, and its Chapter 4 will be a useful reference for “Advancement in the Study of Social Preferences” planned to be covered in Sessions 4 and 5.

Lecturer's Comments to Students

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Question/Comments

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