Teaching resources
Selected lecture resources from ECON3111. Each preview is a clean slide deck. They are shared for study and reference; please cite appropriately and do not redistribute for commercial use.
The neoclassical benchmark and why it matters; descriptive versus normative theories; preferences as relations; completeness and transitivity; and where behavioural evidence comes from. Includes worked activities and a validity map of methods.
Expected utility as a benchmark and the independence idea; the Allais and Ellsberg paradoxes; probability weighting; prospect theory (reference dependence, loss aversion, weighted probabilities); and ambiguity with multiple priors. Includes worked numerical examples and exam practice.