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MICROCREDENTIAL

Behavioural Decision Making

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$2,691.00

START DATE

 Enquire now

MODE

 Online

DURATION

 7 wks

COMMITMENT

 Avg 10 hrs/wk

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Drawing on insights from psychology and economics, behavioural economics is a rapidly growing discipline which helps us to better understand how people make decisions in economic situations. During this microcredential you will explore these valuable insights, learning how and when they can be applied in order to develop better solutions for stakeholders.

 

About this microcredential

This course is currently available for delivery to organisations only and may be customised for your organisation's needs. To learn more, please email business.futures@uts.edu.au or visit PLUS UTS Business Futures. This microcredential is designed to introduce you to the rapidly growing field of study known as behavioural economics. During the course, we will explore important concepts drawn from psychology and economic theories and will investigate current applications of behavioural economics tools and concepts as they have been applied in industry and government contexts.

Key benefits of this microcredential

This microcredential has been designed to equip you to:

  • Develop skills and apply tools that will help you analyse behavioural factors in decision making by customers and stakeholders, helping you to develop better solutions, without the guess-work
  • Develop the ability to analyse behavioural and experimental studies to better understand what insights they can provide in decision making processes.

This microcredential aligns with the 3 credit point subject, Behavioural Decision Making (23710), in the Graduate Certificate in Behavioural Economics (C11299).

This microcredential may also qualify as recognition of prior learning at this and other institutions.

Digital badge and certificate digital badge example for UTS Open short courses

A digital badge and certificate will be awarded upon successful completion of the relevant assessment requirements and attainment of learning outcomes of the microcredential.  

Learn more about UTS Open digital badges.

Who should do this microcredential? 

This course is currently available for delivery to organisations only and may be customised for your organisation's needs. This microcredential will be beneficial to anyone who is looking to better understand how the decision making process works and how it can help us predict or interpret the behaviour of others. Accordingly, it will be useful to a broad array of professionals, including those working in the public sector and across a wide array of industries.

Specifically, this microcredential is suitable for:

  • Government policy officers, researchers and advisors
  • Marketing and sales professionals
  • Product developers and designers
  • UX/UI designers
  • Software developers
  • Human resources professionals
  • Business development managers.

Price

Full price: $2,691 (GST-free)*

*Price subject to change. Please check price at time of purchase.

Enrolment conditions

Course purchase is subject to UTS Open Terms and Conditions. 

COVID-19 response 

UTS complies with latest Government health advice. Delivery of all courses complies with the UTS response to COVID-19.

Additional course information

Course outline

The following content will be explored during the course:

  • Reference dependence
  • Context effects, heuristics and biases
  • Time preferences
  • Risk preferences
  • Mental accounting.

Course delivery

This course is delivered online using a range of resources, self-directed study and live interactive sessions with the academic. Course content will be presented to participants in a variety of formats (lecture slides, notes, videos, articles) and delivered online. At the beginning of the course, participants are expected to review materials and complete tasks on their own before attending online review sessions with the lecturer that are spread over the learning period. While materials will be provided to participants via the learning management system, you are also expected to seek information independently. Feedback will be given following formative assessment and during online sessions.

Participants will need to undertake approximately 10 hours of self-directed online learning each week over 7 weeks.

Course learning objectives

Upon successful completion of this course, participants should be able to:

  • Apply insights from psychology and other related disciplines in economic situations
  • Interpret the role of behavioural factors in decision making
  • Analyse behavioural and experimental studies.

Assessment

Task 1: Online quiz (individual) - weighting: 35%

  • This task requires participants to answer a series of short questions with 2-3 paragraphs and/or multiple choice questions. The questions are about the content of the course covered so far.

Task 2: Case study: report as a video presentation (individual) - weighting: 65%       

  • Participants will analyse one of the projects undertaken by the Behavioural Economics Team of Australia. Participants will have to gather information from different documents presented to them to discuss and to analyse the design of the project. The delivery of the task is by a video. Participants can use webcam/phone camera to record themselves.

In order to pass the microcredential, participants must achieve at least 50% of the microcredentials total marks.

Requirements

Mandatory

To complete this online course, you will need a personal computer with adequate internet access and sufficient software and bandwidth to support web conferencing. You will also require an operating system with a web browser compatible with Canvas and Zoom.

Contact us

For information on delivery to your organisation including customisation for your organisation's needs, please email business.futures@uts.edu.au or visit PLUS UTS Business Futures. 

Individual enrolment in this course is not currently available. 

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Acknowledgement of Country

UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.

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