Watch this series of short study videos that explain and illustrate the key concepts of Behavioural Economics.
We have a fantastic selection of behavioural economics study notes and other resources available on the Tutor2u website
https://www.tutor2u.net/economics/collections/behavioural-economics-and-public-policy
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System 1 vs System 2 Thinking: Behavioural Economics for A-Level
In this video, we're exploring a powerful and exam-relevant concept from behavioural economics — System 1 and System 2 T…
1
How Social Norms Shape Economic Behaviour | A-Level Economics Revision
Social norms are informal rules or shared expectations that influence individual behaviour in a society or group. They g…
2
Herd Behaviour Explained | A-Level Economics Revision
Herd Behaviour happens when individuals copy the actions of others, often ignoring their own knowledge or logic. Herd Be…
3
Bounded Rationality: Why We Don’t Always Make Rational Choices
In this video, we’re diving into a key concept from behavioural economics: Bounded Rationality. This case study explores…
4
Mastering Sunk Costs - A Level and IB Economics
In this video, we unravel the concept of sunk costs, a critical idea in economics that impacts decision-making in busine…
5
Behavioural Economics - Choice Architecture & Nudging
In this episode, we dive into one of the most fascinating and practical concepts in behavioural economics: Choice Archit…
6
Behavioural Economics: Explaining the Availability Bias
In this episode of tutor2u’s A-Level Economics Mastery Series, Geoff Riley unpacks the fascinating concept of Availabili…
7
Behavioural Economics: The Power of Default Choices
Unlock the secrets behind default choices in behavioural economics with Geoff Riley. Discover why defaults matter, how t…
8
Behavioural Economics: Understanding Rules of Thumb
Join Geoff in this quick and engaging dive into Rules of Thumb – a cornerstone of behavioural economics. Discover how th…
9
RIP Daniel Kahneman - A Founding Father of Behavioural Economics
Daniel Kahneman, the Nobel-Prize winning psychologist and economist, has sadly passed away at the age of 90.
#kahneman…
10
Behavioural Economics - Heuristics in Decision-Making
This revision video looks at bounded rationality and heuristics. In economics, heuristics refer to mental shortcuts or r…
11
What is Herd Behaviour? - 60 Second Economics
Herd behaviour is the tendency of people to follow the actions or decisions of a larger group, even if these go against …
12
What are Social Norms? - 60 Second Economics
Social norms are unwritten rules and expectations that guide behaviour within a society or group. Social norms are impor…
13
Behavioural Economics - Key Cognitive Biases - A Level and IB Economics
In this revision video we look at some of the cognitive biases that can affect people’s behaviour. ?The existence of su…
14
Mandated Choices and Default Choices I A Level and IB Economics
?In this revision video, we look at the difference between Mandated Choices and Default Choices.
#aqaeconomics #ibecono…
15
Gambling and Behavioural Nudges | Head Start in A-Level Economics
Can behavioural nudges help address the growing scale of gambling addiction in the UK?
In this video for students taki…
17
Behavioural Economics and Gambling | Head Start in A-Level Economics
In this video we look at some of the key trends in the UK gambling industry and consider some of the behavioural biases …
18
Behavioural Economics and Obesity | Head Start in A-Level Economics
Can Economics help us tackle the growing obesity crisis? In this video we explore ways that behavioural economics that m…
19
Economics of Obesity | Head Start in A-Level Economics
As part of our introductory series on behavioural economics, this video looks at some of the data on obesity in the UK a…
22
EAST Framework for Behavioural Nudges | Head Start in A-Level Economics
This video on Behavioural Economics looks at examples of behavioural nudges using the EAST framework.
The key idea behi…
25
Behavioural Nudges | Head Start in A-Level Economics
The concept of behavioural nudges is introduced in this short video including the use of choice architecture to influenc…
27
Choice Overload and Over Confidence | Head Start in A-Level Economics
In this short video we explore another cluster of behavioural biases such as over-confidence, social proofing and choice…
28
Anchoring, Framing and Default Bias | Head Start in A-Level Economics
In this video we look at examples of psychological biases such as the default bias, anchoring and framing effects and al…
29
Psychological Biases | Head Start in A-Level Economics
In this video we think about how psychological biases can affect human decision making.
#economics #aleveleconomics #Ec…
30
Irrationality and Kahneman's Dual Process Theory | Head Start in A-Level Economics
In this video we explore the concept of irrationality and the dual process theory associated with Daniel Kahneman and Am…
31
What is Rational Behaviour? | Head Start in A-Level Economics
This video looks at the concept of rationality - often assumed in economics textbooks to be the model of consumer behavi…
33
Introduction to Behavioural Economics | Head Start in A-Level Economics
This video introduces the Head Start in A Level Economics Short Course in Behavioural Economics.
#economics #alevelecon…
34
Coronavirus Crisis: Behavioural Economics
In this session we will cover some of the relevant behavioural biases and link them to attempts being made across the gl…
35
Economics of Speculative Bubbles I A Level and IB Economics
???In this revision video we look at the economics of speculative bubbles in financial markets. ?A bubble exists when th…
36
Explaining Rational Decision Making and Consumer Welfare
The link between rational decision making and the consequences for consumer welfare are explored in this short revision …
37
Rational Behaviour - A Level and IB Economics
This short revision video looks at the assumption of rationality in standard economic theory and also why behavioural ec…
38
Behavioural Issues and Policy Interventions
This revision update looks at some of topical behavioural economics issues and examples of nudge interventions designed …
39
Test 14: A Level Economics: MCQ Revision on Utility Theory
Here is an eight question revision quiz covering aspects of utility theory. It is a great way to test your understanding…
40
Behavioural Economics - Policies in Action
This is the second of two revision webinars on behavioural economics. In it we look at a range of soft and harder behavi…
41
Behavioural Economics - Theory in Action
In this revision webinar on behavioural economics, we look at a range of key behavioural ideas such as loss aversion, ch…
42
Behavioural Economics - Loss Aversion
The basic idea behind loss aversion is that people feel losses much more than gains. Loss aversion is often seen in fina…
43
Behavioural Economics - Dual System Theory
This is a quick introduction to dual system theory - pioneered by the psychologist Daniel Kahneman. System 1 thinking is…
44
Behavioural Change - The EAST Framework
“It turns out that the environmental effects on behaviour are a lot stronger than most people expect” (Daniel Kahneman).…
45
Behavioural Economics - Commitment Contracts
?This short video on behavioural economics looks at the nature of commitment contracts as a way of encouraging people to…
46
Behavioural Nudges in Action
?In this short video I look at some examples of behavioural nudges in action including changes of choice architecture an…
47
Behavioural Economics - A Quick Primer
This is a quick primer on the ways in which behavioural economics challenges the assumptions the null model of agent beh…
48
Behavioural Economics - Default Bias
People prefer to carry on behaving as they have always done even when the circumstances that might influence their decis…
49
Behavioural Economics - Bounded Rationality I A Level and IB Economics
Bounded rationality is the idea that the cognitive, decision-making capacity of humans cannot be fully rational because …
50
Behavioural Economics - Introduction
Behavioural Economics tries to mix insights from Psychology with Economics, and looks at problems through the eye of a “…
51
Behavioural Economics - Heuristics
In general terms, a heuristic is a method or technique that people use to help them make a decision or solve a problem m…
52
Behavioural Economics - Anchoring
Anchoring is the use of (usually) irrelevant information as a reference point for helping to make an estimate of an unkn…
53
Behavioural Economics - Herd Behaviour
A phenomenon in which individuals act collectively as part of a group, often making decisions as a group that they would…
54
CPD Webinar: Teaching Behavioural Economics for the First Time
In this recording of a recent tutor2u Economics CPD Webinar, Ruth Tarrant explores some of the key issues for teachers d…
55
Behavioural Economics - Availability Bias
The availability bias happens when we overestimating the likelihood of something happening because a similar event has e…
56
Behavioural Economics - Choice Architecture
?In short, choice architecture is the framing of a choice in order to manipulate the outcome of someone’s decision.?
- …
57
Behavioural Economics - Social Norms
Traditional economics assumes that people make choices independently of one another. Behavioural economists believe that…
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Behavioural Economics - Scarcity Bias
Humans have a strong scarcity bias. We unconsciously assume things that are scarce are valuable and things that are abun…
59
Behavioural Economics - Priming
Our behaviour is often influenced by cues that work subconsciously and prime us to behave / choose in certain ways.
Th…
