ECON 148
Behavioral Economics
Description: Lecture, three hours. Enforced requisite: course 101. Behavioral economics is emerging subfield of economics that incorporates insights from psychology and other social sciences into economics to improve realism of economic models by incorporating realistic features such as aversion for losses, problems with self control, or concerns for others and thereby improve economic analyses. Review of some standard assumptions made in economics and examination of evidence on how human behavior systematically departs from these assumptions. Investigation of attempts to explore alternative models of human decision making and assessment to what extent these alternative models help improve economic analyses. P/NP or letter grading.
Units: 4.0
Units: 4.0
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Most Helpful Review
Spring 2021 - This class is the most reasonable Econ class at UCLA. It’s best quality is just the fact that the material you are taught actually reflects what you are tested on. If you understand the homework and the practice exams you will be fine. I wish this wasn’t such a positive but unfortunately in this department that really makes a class stand out. Beyond that the material itself is less useless than any other Econ class I have taken. Some of the concepts are quite interesting at a high level. Lu does make an effort to go into the psychology and studies behind different phenomenon but this being a UCLA Econ class most of it will be pointless and functionally useless math models that impart no understanding. I can’t really blame Professor Lu for this and I do appreciate he tries to bring in actual real-world data. Now the worst thing about this class: he CONSTANTLY posted lectures late. I’m talking 3 days late sometimes. If you like to do your lectures the day they are released this is going to really irritate you. I find it completely unprofessional. I don’t want to hear about how he is busy or has stuff going on. So do we. We don’t get to turn stuff in late. Ever. So I expect the same from those who enforce those mandates. The only saving grace was the fact the lectures were often short and as I said the material was very fair. This class is probably a total 7/10 but a UCLA 12/10 so I would absolutely take it again.
Spring 2021 - This class is the most reasonable Econ class at UCLA. It’s best quality is just the fact that the material you are taught actually reflects what you are tested on. If you understand the homework and the practice exams you will be fine. I wish this wasn’t such a positive but unfortunately in this department that really makes a class stand out. Beyond that the material itself is less useless than any other Econ class I have taken. Some of the concepts are quite interesting at a high level. Lu does make an effort to go into the psychology and studies behind different phenomenon but this being a UCLA Econ class most of it will be pointless and functionally useless math models that impart no understanding. I can’t really blame Professor Lu for this and I do appreciate he tries to bring in actual real-world data. Now the worst thing about this class: he CONSTANTLY posted lectures late. I’m talking 3 days late sometimes. If you like to do your lectures the day they are released this is going to really irritate you. I find it completely unprofessional. I don’t want to hear about how he is busy or has stuff going on. So do we. We don’t get to turn stuff in late. Ever. So I expect the same from those who enforce those mandates. The only saving grace was the fact the lectures were often short and as I said the material was very fair. This class is probably a total 7/10 but a UCLA 12/10 so I would absolutely take it again.
AD
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