Students are expected to acquire following knowledges:
- the rational methods and practices of behavioral economics;
- influence of heroistics and biases in behavioral economics;
- research and analysis methods in behavioral economics;
- what is markets that move (and are moved by) beliefs;
- prospect theory;
- influence of changing behavior on economics.
Students are expected to acquire following skills:
- practical use of the behavioral economics methods and tools;
- learn how to analyze external and internal factors of influence in behavioral economics;
- to learn how to use research methods in behavioral economics;
- applications of prospect theory.

Prerequisites: Bachelor Thesis Defence, Personnel Behavior Modelling.
Correctional: Qualification Examination, Defence of Master Thesis.

In this class, we will attempt to reunite the disciplines of psychology and economics, which began drifting apart about a century ago. In particular, we will consider how predictions of economic behavior differ when several assumptions that simplify economic models are replaced with psychologically realistic assumptions based on empirical observations from the lab and from the world. We will pay special attention to the way in which these modified assumptions affect markets, management, and public policy.

1. Harvard business review on work and life balance / multiple authors, Boston: HBR press. – 2000, 232 p.
2. Ivancevich J.M. Organizational behavior and management / J. Ivancevich, R. Konopaske. – 9th ed. –NY.2009
3. Kahneman D. Thinking, Fast and Slow / D. Kahneman. – NY, 2011., p.
4. Thaler R.H., Nudge: Improving Decisions About Health, Wealth, and Happiness / R.H. Thaler, C.R. Sunstein. – 1 st. edition., NY. – 2014.

In class learning (50%): practical (workshops), group projects, homework, midterm exam.
Final exam (50%): test.