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Students will examine the evolution of economic thought from the classical school (including major figures and their theories) to the behavioral school of economics

Economics

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Students will examine the evolution of economic thought from the classical school (including major figures and their theories) to the behavioral school of economics. Students will examine the major differences between the classicals and neo-classicals (hint: you should focus some attention on how prices of goods are determined), discuss some of the major elements of neo-classical economic theory and then evaluate the rise of behavioral economics as a counterpoint to the neo-classical assumptions of rational, self-interested economic actors with full information to maximize utility.