Teacher(s)
Language
English
Content
Social Preferences and Economics
Decision makers care about their own outcomes as well as the outcomes of other people. The question is how to incorporate these preferences into economic models. There is a risk that simply adding ad-hoc preferences for others' incomes will result in economic theories that “explain everything, and therefore, nothing” (Carpenter, 2010). This seminar will focus on advances in economics to measure and model social preferences, with applications to labour contracts, political participation, and public policy nudges based on social motivations.
Decision makers care about their own outcomes as well as the outcomes of other people. The question is how to incorporate these preferences into economic models. There is a risk that simply adding ad-hoc preferences for others' incomes will result in economic theories that “explain everything, and therefore, nothing” (Carpenter, 2010). This seminar will focus on advances in economics to measure and model social preferences, with applications to labour contracts, political participation, and public policy nudges based on social motivations.
Teaching methods
Seminar-based discussions of frontier research. Readings to be discussed will be assigned ahead of time.
Evaluation methods
The structure of evaluations may change according to the health situation, but will likely consist of oral presentations and a written project.
Online resources
Slides, homeworks, exercises, compulsory readings will be available on the course webpage on Moodle UCL (http://moodleucl.uclouvain.be/).
Faculty or entity
Programmes / formations proposant cette unité d'enseignement (UE)
Title of the programme
Sigle
Credits
Prerequisites
Learning outcomes
Master [120] in Economics: Econometrics
