Course Title: Behavioural Economics

Part A: Course Overview

Course Title: Behavioural Economics

Credit Points: 12.00

Important Information:

Please note that this course may have compulsory in-person attendance requirements for some teaching activities. 

To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption. 

Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT:

Please read the Student website for additional requirements of in-person attendance: 

Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance. 


Course Code




Learning Mode

Teaching Period(s)


City Campus


625H Economics, Finance and Marketing


Sem 1 2018,
Sem 2 2019,
Sem 2 2020,
Sem 2 2021

Course Coordinator: Prof Robert Hoffmann

Course Coordinator Phone: +61 3 9925 5871

Course Coordinator Email:

Course Coordinator Location: Melbourne Campus Building 80

Course Coordinator Availability: appointment via email

Pre-requisite Courses and Assumed Knowledge and Capabilities

While there are no formal pre-requisites for this course, students are expected to have prior knowledge of Prices & Markets, or its equivalent.

Course Description

This course provides you with an introduction to behavioural economics, the cutting-edge economics discipline that draws on insights and methods from other social sciences including psychology, sociology and anthropology to better understand economic and business decisions.

You will focus on new methods of enquiry and the theories and insights that they generate. The aim is to provide you with skills and knowledge to enable you to apply these methods and theories to real world economic, business and policy issues.

Objectives/Learning Outcomes/Capability Development


On successful completion of this course, you will be able to:

CLO1: Understand behavioural economics concepts and theories to identify the factors that can influence both individual and group-level decision making;

CLO2: Apply behavioural analytical techniques to examine economic, business and public policy issues;

CLO3: Analyse business, economic, and public policy issues to explain the real world effects of different predictor variables;

CLO4: Explore the appropriate behavioural economics theories and insights to address issues in different economic, business and public policy settings;

CLO5: Evaluate incentive mechanisms, strategies and public policies in terms of their appropriateness to achieve desired objectives.

Overview of Learning Activities

In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising of individual and/or group work. These may include quizzes, assignments, recommended readings, sourcing, researching and analysing specific information, solving problems, conducting presentations, producing written work and collaborating with peers on set tasks or projects. These in-semester activities will incorporate formative assessments to monitor ongoing progress.

Overview of Learning Resources

Various learning resources are available online through MyRMIT Studies\Canvas. The lecture notes and workshop notes are posted on Canvas.

Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period. 

Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 20%
Linked CLOs: 1, 2

Assessment Task 2: 30%
Linked CLOs: 3, 4, 5

Assessment Task 3: 50% 
Linked CLOs: 1, 2, 3, 4, 5