Teaching

Public Economics (under construction; comments welcome)

• Social choice

• A canonical model with private info

• Efficiency

• Insurance with symmetric info

• Insurance with hidden types and verifiable shock

• Health insurance

• Taxation - redistribution

• Taxation - insurance

• Other taxes

• Externalities and public goods

Behavioural Economics

• Mainstream theories of individual choice

• Bounded rationality

• Mental accounting

• Systems 1 & 2

• Salience

• Motivated beliefs

• Miscalibrated beliefs

• Algorithms vs. humans

• Prospect theory

• Violations of dynamic consistency

• Experienced vs decision utility

• Behavioural justifications for government interventions

• Applications: taxes, subsidies, bans

• Applications: nudges

• Review

Behavioural Finance

• Mainstream finance

• Insurance and annuities

• Saving for retirement

• Household borrowing

• Household portfolios

• Excess trade

• Equity premium puzzle

• Predictability

• Bubbles and excess volatility

• Behavioural explanations of momentum, reversals, bubbles, and excess volatility

• Limits to arbitrage

• Products with add-ons