Teaching

The Master’s programme “Work, Economy, and Society” offers a specialization in Economic Psychology. It challenges traditional assumptions of Neo-classical Economics with regard to individual behavior, group behavior, and behavior on financial markets.

Economic Psychology investigates the drivers of decision-making under risk and uncertainty, the evolution and implications of lay theories, the mechanisms that underlie consumption and the production of goods, as well as behavior on labor and stock markets. Moreover, economic psychology analyzes determinants of the shadow economy, tax compliance behavior, welfare and happiness.