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PS32029: Neuroeconomics

[Page last updated: 22 April 2025]

Academic Year: 2025/26
Owning Department/School: Department of Psychology
Credits: 5 [equivalent to 10 CATS credits]
Notional Study Hours: 100
Level: Honours (FHEQ level 6)
Period:
Semester 1
Assessment Summary: CWES 100%
Assessment Detail:
  • Research Proposal (CWES 100%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: Before taking this module you must ( take PS22007 OR take PS20167 ) AND ( take PS22008 OR take PS20168 )
Learning Outcomes: By the end of this unit you will be able to:
Critically evaluate key theories, research and methods within economics, behavioural economics, psychology and cognitive neuroscience exploring how humans make decisions in real-world economic contexts.
Synthesise theories, research and methods within economics, behavioural economics, psychology and cognitive neuroscience exploring how humans make decisions in economic contexts in order to construct an integrative perspective on the behavioural and biological processes underlying human economic decision-making, and be able to defend this viewpoint.
Critically evaluate how neuroeconomic and behavioural economic research can be readily applied to real-world decision environments and, potentially, create innovative solutions to real-world problems.


Synopsis: "You will have opportunities to gain an introductory knowledge of this multidisciplinary science. You will appraise theories, research and methods at the intersection of psychology, economics and cognitive neuroscience. You will also have the chance to develop an integrative perspective on the behavioural and biological processes underlying human economic decision-making. "

Content: The following topics will be covered in this unit: An introduction to neuroeconomics. An introduction to traditional economics, behavioural economics and behavioural finance. The biological basis of real-world financial decision-making. Methods within psychology, neuroscience and physiology commonly used in neuroeconomic research. Understanding individual differences in economic decision-making and their biological bases. Individual and group economic decision-making. Working through real-world problems to comprehend the applications of neuroeconomic and/or behavioural economic research.

Course availability:

PS32029 is Optional on the following courses:

Department of Psychology

Notes:

  • This unit catalogue is applicable for the 2025/26 academic year only. Students continuing their studies into 2026/27 and beyond should not assume that this unit will be available in future years in the format displayed here for 2025/26.
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