Learn about economic market trends, consumer behavior, and decision-making processes with this free online course. Behavioral economics integrates psychology with traditional economic ideas to better understand people's financial decisions. This course explores the psychological underpinnings of decision-making, including biases and heuristics, the impact of emotions, and the use of nudges to modify behavior. You will gain the strategic competence needed to minimize risks, maximize returns, and use behavioral insights for corporate success with this course.
| College | Alison |
| Course ID | 195933 |
| Course Type | Online Learning |
| Course Qualification | CPD Certificate |
| Course Duration | 1.5-3 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | What You Will Learn In This Free Course • Explain key concepts in behavioral economics • Distinguish between traditional and behavioral economics theories • Discuss the importance of behavioral economics in today's world • Explain the foundation of bounded rationality in behavioral economics • Identify the key concepts of loss aversion and prospect theory • Describe the impact of social preferences and norms on economic behavior • Outline the challenges to traditional economic theories • Recognize key insights on heuristics and biases • Distinguish between the anchoring effect and the endowment effect • Recall the application of heuristics and biases for effective intervention • Explain the role and impact of emotions in decision-making • Discuss the integration of emotions in economic decision-making |
| Course Code | 7170 |
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