Courses tagged with "Economics & Finance" (15)
Behavioral economics couples scientific research on the psychology of decision making with economic theory to better understand what motivates financial decisions. In A Beginner’s Guide to Irrational Behavior, you will learn about some of the many ways in which we behave in less than rational ways, and how we might overcome our shortcomings. You’ll also learn about cases where our irrationalities work in our favor, and how we can harness these human tendencies to make better decisions.
Globalization is a fascinating spectacle that can be understood as global systems of competition and connectivity. These man-made systems provide transport, communication, governance, and entertainment on a global scale. International crime networks are outgrowths of the same systems. Topics include national identity, language diversity, the global labor market, popular culture, sports and climate change.
However, an increase in integration has not brought increased equality. Globalization creates winners and losers among countries and global corporations, making competition the beating heart of the globalization process.
The globalization process exemplifies connectivity. Globalization is unimaginable without the unprecedented electronic networks that project dominant cultural products into every society on earth.
Learn how to identify and analyze global systems and better understand how the world works.
Before your course starts, try the new edX Demo where you can explore the fun, interactive learning environment and virtual labs. Learn more.
How can we get people to save more money, eat healthy foods, engage in healthy behaviors, and make better choices in general? There has been a lot written about the fact that human beings do not process information and make decisions in an optimal fashion. This course builds on much of the fascinating work in the area of behavioral economics and allows learners to develop a hands-on approach by understanding its methods and more importantly, how it can be harnessed by suitably designing contexts to “nudge” choice.
In three modules, learners will be able to a). explain and interpret the principles underlying decision-making and compare the nudging approach to other methods of behavior change, b). learn how to critique, design and interpret the results of experiments; and c). design nudges and decision-tools to help people make better decisions.
Understanding experimental design and interpretation is central to your ability to truly use behavioral economics and will set you apart from people who merely know about the behavioral research. After the first two weeks learning the basic principles, we will devote two weeks to studying experimental design and analysis, and the final two weeks to understanding processes for designing nudges and for helping people make better decisions.
You will also witness and participate in weekly topical debates on various topics like “does irrationality impact welfare?” or “what strategy is better for improving welfare – nudging or education?” If you’ve been fascinated with the buzz surrounding behavioral economics but are not sure how to actually use it, this course is for you.
Several leading scholars, policy makers, business people, authors and commentators will briefly join our debate and discussion sections. These guest lecturers include Professor Sendhil Mullainathan (Harvard University), Professor John Lynch (University of Colorado), Rory Sutherland (Ogilvy Group), Owain Service (Behavioural Insights Team, UK Cabinet Office), Shankar Vedantam (NPR Columnist and Author – The Hidden Brain), Professors Andrew Ching, Avi Goldfarb, Nina Mazar, and Claire Tsai, Min Zhao (University of Toronto) and many others!
Who are the winners and losers of globalization? What should be done to improve outcomes for all?
This course will examine how the spread of trade, investment, and technology across borders affects firms, workers, and communities in developed and developing countries. It investigates who gains from globalization and who is hurt or disadvantaged by globalization. Global experts from public and private sectors share insights on current trends and challenges. Course participants will develop their global acumen and will learn about issues faced by leaders in today’s international business and public policy environment.
Economics, psychology, and neuroscience are converging today into a unified discipline of Neuroeconomics with the ultimate aim of providing a single, general theory of human decision making. Neuroeconomics provides economists, psychologists and social scientists with a deeper understanding of how they make their own decisions, and how others decide.
Sociology is about people. Each individual is unique and idiosyncratic. Yet, when we come together for a common purpose, we try to conduct ourselves in a manner that will achieve mutually desired outcomes. Sometimes we manage to achieve this; sometimes we don’t. Sociology is about that process. By understanding sociology and how we interact with each other, you can yield more personal and professional success.
In this sociology course, you will learn about the social processes groups of all sizes follow to form, function and evolve over time. You will also learn about the ongoing dynamic individuals actively create in their social environment and how they are shaped by it. This course provides an understanding of how the formation and longevity of a society is possible when its members are diverse in their values, beliefs, preferences and agendas.
You will learn about group dynamics, skills for effective interaction in groups and organizations, and obtain a deeper understanding of how sociology applies to everyday life and current events.
- Stratification and Inequality
- Gender Roles
- Major Social Institutions in the U.S. Including the Family, Government and Education System
- Deviance and Social Control
- Social Problems and Social Change
"The Age of Sustainable Development" gives students an understanding of the key challenges and pathways to sustainable development - that is, economic development that is also socially inclusive and environmentally sustainable. NOTE: Course will launch at noon on September 9, 2014.
This course is part of the MITx MicroMasters program in Data, Economics, and Development Policy (DEDP). To audit this course, click “Enroll Now” in the green button at the top of this page.
To enroll in the MicroMasters track or to learn more about this program and how it integrates with MIT’s new blended Master’s degree, go to MITx’s MicroMasters portal.
This is a course for those who are interested in the challenge posed by massive and persistent world poverty, and are hopeful that economists might have something useful to say about this challenge. The questions we will take up include: Is extreme poverty a thing of the past? What is economic life like when living under a dollar per day? Are the poor always hungry? How do we make schools work for poor citizens? How do we deal with the disease burden? Is microfinance invaluable or overrated? Without property rights, is life destined to be "nasty, brutish and short"? Should we leave economic development to the market? Should we leave economic development to non-governmental organizations (NGOs)? Does foreign aid help or hinder? Where is the best place to intervene? And many others.
At the end of this course, you should have a good sense of the key questions asked by scholars interested in poverty today, and hopefully a few answers as well.
This course will examine current conditions and trends in water and sanitation services in low and middle income countries. Within it we will take a critical look at the underlying political, economic, social, and technical reasons why almost a billion people lack access to improved water supplies and almost 2 billion still do not have improved sanitation services.