Key facts

UNE unit code: ECON508

*You are viewing the 2026 version of this unit which may be subject to change in future.

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  • Not offered in 2026
24/7 online support
  • Yes
Intensive schools
  • No
Supervised exam
  • Yes
Credit points
  • 6

Unit information

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From understanding why individuals make seemingly irrational financial choices to designing ‘nudges’ that improve public policy outcomes, behavioural economics offers powerful insights into human decision-making. This unit equips you with the knowledge and analytical skills to solve real-world challenges where human psychology meets economic behaviour. You’ll refine your analytical abilities by critically examining standard economic assumptions through the lens of psychological realism, learning to apply core behavioural theories and interpret experimental evidence.
 
Throughout the unit, you’ll explore key concepts like cognitive biases, heuristics, and social preferences that shape economic decisions. Using both theoretical frameworks and practical applications, you’ll develop a more nuanced understanding of human behaviour in economic contexts and learn how organisations and policymakers can better account for real human psychology in their decision-making processes.

Intensive schools

There are no intensive schools required for this unit.

Enrolment rules

Pre-requisites
ECON101 or ECON123 and candidature in a postgraduate award
Restrictions
ECON308
Combined units

Notes

Please refer to the student handbook for current details on this unit.

Unit coordinator(s)

To be advised

Learning outcomes

Upon completion of this unit, students will be able to:

  1. critically evaluate complex economic and business scenarios to interpret and explain the influence of cognitive biases, heuristics, and social preferences on decision-making;
  2. synthesise and appraise empirical, predictive, and experimental evidence to assess the validity and limitations of standard and behavioural economic models;
  3. critique and assess the design, effectiveness, and ethical implications of behavioural interventions (nudges) within diverse policy or organisational contexts;
  4. design and justify theoretically grounded proposals for advanced behavioural interventions or experimental studies that address complex real-world economic or social challenges; and
  5. demonstrate advanced autonomy and critical reflection by independently planning, executing, and evaluating research or professional tasks that extend behavioural economics knowledge and skills in applied contexts.

Assessment information

Assessments are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.

TitleMust CompleteWeightOfferingsAssessment Notes
Behavioural Design Challenge and Oral Defence - Assurance Task Yes50%All offerings

A two-part capstone assessment.

Part A requires designing and justifying an advanced intervention or detailed experimental study for a complex real-world problem, grounded in synthesised theory and evidence.

Part B is an oral presentation and Q&A defence of the proposal. The oral presentation will be offered online with supervision via webcam and screen sharing technology.  

Both components must be completed for the assessment to be valid.

Word count: 2500 words

Students must obtain at least 50% in Assessment Item 3 (and at least 50% overall) to receive a pass or better in the unit.

Behavioural intervention critique and enhancement proposalYes25%All offerings
Critically assess a complex intervention's design, effectiveness, and ethics, proposing modifications justified by synthesising advanced theory and research evidence.
 

Word count: 2000 words

Critical case study analysisYes25%All offerings

Critically evaluate a complex case study, synthesising diverse evidence to compare behavioural vs. standard models.

Word count: 2000 words

Learning resources

Textbooks are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.

Textbook information will be displayed approximately 8 weeks prior to the commencement of the teaching period. Please note that textbook requirements may vary from one teaching period to the next.

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