Behavioural Economics

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Faculty: Johannesburg Business School
Department:
Programme Level: Short Courses
Programme Name: Behavioural Economics
Programme Code:
NQF Level:
NQF Credit’s:
SAQA:
Course Institution date:
Start Date: May 4, 2021
End Date: May 21, 2021
Duration of Study:

Online 2-day programme:

  • Intake 1: 04 & 05 May 2021
  • Intake 2: 20 & 21 May 2021

Programme Fees:

Purpose

Behavioural Economics is gaining recognition and influence for its importance in guiding marketing efforts and ethics. It has proven effective in building good organisational cultures and helping us understand what we don’t understand and why we don’t understand it.

The JBS Programme on Behavioural Economics is designed to increase your awareness of how cognitive bias drives decisionmaking, and what you as a leader can do to respond and drive improved results in your organisation. We will explore an elegant framework backed by the result of a 30-year exploration that sought to identify the connection between psychology and economic decisions.

Topics and themes

  • Our “irrational” patterns of thinking about money and investments
  • Expectations and how they shape perception
  • Economic and psychological analyses of dishonesty by honest people
  • How social and financial incentives work together (or against each other) in labour
  • How self-control comes into play with decision-making
  • How emotion – rather than cognition – can have an enormous impact on economic decisions
  • Why good teams make bad decisions
  • Switching your Leadership Mindset
  • Making better decisions: blind spots, bias and what they mean for business

At the end of the Programme, you would have gained insights to explain apparent madness. Most importantly, you will have practical tools to better manage decision-making with customers and employees alike.

Career Opportunities

Curriculum

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Erik Vermeulen is a Global Business Consultant and Keynote Speaker specialising in corporate behaviour strategies. Erik explores trends and behaviours that have shaped the business world and delivers ones that are required to motivate and improve performance in the business world. His strategies allow companies to create more profitable behaviours by examining how their teams work, and they interact with their employees as well as their customers.

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