Behavioral Finance (F)
Traditional economic theory assumes that economic agents are fully rational with unlimited cognitive abilities and willpower. However, individuals frequently and systematically make decisions in contradiction with these standard presumptions.
Against the background of this finding the course addresses e.g. the following questions:
What are the shortcomings of traditional theories in economics and finance?
How do the new concepts / theories in behavioral finance and behavioral economics address these shortcomings?
How do these new theories relate to the traditional theories and what are their strengths and limitations?
How do the new behavioral presumptions in behavioral finance and economics change the predictions of classical economic theories?
MSc programme in Economics – elective course
The course is part of the MSc programme in Economics, Financial line, symbolized by ‘F’.
The course is open to:
- Exchange and Guest students from abroad
- Credit students from Danish Universities
- Open University students
After completing the course the student is expected to be able to:
Account for how behavioral finance and economics attempts to understand the most important systematic behavioral departures from standard economic theories.
Provide an in-depth overview of the most important seminal works in behavioral finance
Identify and discuss the impact and relevance of the new concepts and theories presented in these seminal works.
Critically assess and relate the new concepts and the supporting empirical evidence put forward in the hitherto existing seminal works in behavioral finance.
Debate and present these new and often complex concepts in a simple, clear and pricise way.
Apply the empirical and theoretical knowledge and the skills obtained in this course to understand real-world behavioral phenomena that lie beyond the scope of this course.
Solve problems and implement decision for subject within behavioral finance that lie outside the scope of the course.
In the first week of the course there will be an opening lecture during which also all organizational issues are discussed. In all the following weeks there will be lectures on different topics in behavioral finance and economics.
A list of required readings will be given to the students in the beginning of the course
A sound knowledge of microeconomics and game theory is required from a course equivalent to Microeconomics III, Studies of Economics, University of Copenhagen. It is strongly recommended to have followed the course before or at least parallel to "Behavioral Finance".
2 hours lectures 1 to 2 times a week from week 6 to 20.
The overall schema for the Master can be seen at KUnet:
MSc in Economics => "courses and teaching" => "Planning and overview" => "Your timetable"
Timetable and venue:
To see the time and location of lectures please press the link under "Timetable"/"Se skema" at the right side of this page (F means Spring).
Please be aware:
- The schedule of the lectures can change without the participants´ acceptance. If this occure, you can see the new schedule in your personal timetable at KUnet, in the app myUCPH and through the links in the right side of this course description and the link above.
- It is the students´s own responsibility continuously throughout the study to stay informed about their study, their teaching, their schedule, their exams etc. through the curriculum of the study programme, the study pages at KUnet, student messages, the course description, the Digital Exam portal, Absalon, the personal schema at KUnet and myUCPH app etc.
Students have the possibility to get individual oral feedback during office hours
for enrolled students. Rules etc at Master(UK) and Master(DK)
When registered you will be signed up for exam.
- Full-degree students – sign up at Selfservice on KUnet
- Exchange and guest students from abroad – sign up through Mobility Online and Selfservice- read more through this website.
- Credit students from Danish universities - sign up through this website.
- Open University students - sign up through this website.
The dates for the exams are found here Exams – Faculty of Social Sciences - University of Copenhagen (ku.dk)
Please note that it is your own responsibility to check for overlapping exam dates.
- 7,5 ECTS
- Type of assessment
Written examination, 2 hours under invigilation
- Type of assessment details
- ITX-exam in the exam venues of the university.
The exam assignment is in English and must be answered in English.
No aids allowed at the written ITX-exams.
For further information about allowed aids for the re-examination. Please go to the section "Re-exam".
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
at the written exams. The written ITX-exam may be chosen for external assessment by random sample.
An oral re-examination may be with external assessment.
Criteria for exam assessment
Students are assessed on the extent to which they master the learning outcome for the course.
In order to obtain the top grade "12", the student must with no or only a few minor weaknesses be able to demonstrate an excellent performance displaying a high level of command of all aspects of the relevant material and can make use of the knowledge, skills and competencies listed in the learning outcomes.
In order to obtain the passing grade “02”, the student must in a satisfactory way be able to demonstrate a minimal acceptable level of the knowledge, skills and competencies listed in the learning outcomes.
Single subject courses (day)
- Course number
- 7,5 ECTS
- Programme level
- Full Degree Master
- Go to 'Signup' for information about registration and enrollment.
Information about admission and tuition fee: Master and Exchange Programme, credit students and guest students (Open University)
- For teaching: Go to 'Remarks'.
- For exam and re-sits: Go to 'Exam'
- Department of Economics, Study Council
- Department of Economics
- Faculty of Social Sciences
- Steffen Altmann (15-7778696a6a697232657078716572724469677372326f7932686f)
- Felix Chopra (12-4b6a716e7d33486d74757766456a68747333707a336970)
See 'Course Coordinators'
Are you BA- or KA-student?
Courseinformation of students