Economic Psychology

mshum1202  2022-2023  Mons

Economic Psychology
5.00 credits
30.0 h
Q2

  This learning unit is not being organized during year 2022-2023.

Language
French
Main themes
The Economic Psychology course :
  • Introduces psychology as a science and its associated sub-disciplines and defines the field of economic psychology ;
  • Makes students aware of how individual and collective decisions are made, and defines the notions of bounded rationality, bias (cognitive, of perception...) and heuristics, social norms and dilemmas... useful for the understanding of decision making mechanisms ;
  • Analyses applications of these concepts to individual decision-making in different contexts (consumption, investment, employment) as well as to collective decision-making (acceptance of taxation, environmental protection, social protection,...) ;
  • Develops the ability to recognise the psychological mechanisms involved in decision-making in management situations and to identify potential biases and ethical risks.
Learning outcomes

At the end of this learning unit, the student is able to :

1 Learning Outcomes (LO) at the end of the learning unit
At the end of this learning unit, the student is able to :
  • Position economic psychology as a sub-discipline of psychology and human sciences ;
  • Explain the fundamental concepts of psychological mechanisms in individual or collective decision making (bounded rationality, biases, heuristics, perception, social norms,...) ;
  • Analyse management and economic decision-making situations by including the psychological dimension.
Contribution of the learning unit to the LO of the program
Having regard to the learning outcomes (LO) of the Bachelor programs, this activity contributes to the development and acquisition of the following learning outcomes (Please refer to the competencies framework (LSM compass) of the programs concerned by this learning unit):
  • 1.3 ;
  • 2.1 ;
  • 3.2
 
Faculty or entity
CLSM


Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Learning outcomes
Bachelor in Management
GESM1BA
5