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Explain the principles of behavioral economics and how they deviate from traditional economic assumptions: Advanced Economic Perspectives Assignment, DBS, Ireland

University Dublin Business School (DBS)
Subject Advanced Economic Perspectives Assignment

Question 1

  • Explain the principles of behavioral economics and how they deviate from traditional economic assumptions. Provide real-world examples of behavioral phenomena influencing economic decisions.
  • Discuss the policy implications of behavioral economics for areas such as public health, environmental conservation, or financial regulation.
  • Explain the concept of market failure and provide examples. How can government intervention address market failures without creating new inefficiencies?
  • Discuss the implications of imperfect competition on market outcomes. How do different market structures affect pricing and output decisions by firms?

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