About this Course
4.7
929 ratings
204 reviews
Economics, psychology, and neuroscience are converging today into a unified discipline of Neuroeconomics with the ultimate aim of creating a single, general theory of human decision-making. Neuroeconomics provides biologists, economists, psychologists and social scientists with a deeper understanding of how they make their own decisions and how others decide. Neuroscience, when allied with psychology and economics, creates powerful new models to explain why we make decisions. Neurobiological mechanisms of decision-making, decisions under risk, trust and cooperation will be central issues in this course. You will be provided with the most recent evidence from brain-imaging techniques (fMRI, TMS, etc.) and introduced to the explanatory models behind them. The course does not require any prior study of economics and neuroscience; however, it might require you to study novel interdisciplinary materials. The course provides an introduction to the methodology, assumptions, and main findings of Neuroeconomics. Our students have different backgrounds; therefore, I have adapted and simplified the course to allow all students to understand the interdisciplinary content. This course will help you to start your progress in the field of Neuroeconomics and to further develop your skills during other more advanced courses and trainings in the future. For some topics, the course will also provide supplementary videos to reveal the opinions of leading experts in the field. Each module provides optional reading material. The course structure is as follows: During each video, you will have to answer some relevant questions. Your answers will not affect your final grade. At the end of each module, you must complete a quiz consisting of 15 questions. To pass the course, you must reach a satisfactory standard in all the course modules by completing all graded quizzes and the final exam. In addition to watching video lectures and taking quizzes, you will receive an invitation to join our forum. We plan to join the discussions in the forum on a weekly basis. Welcome to Neuroeconomics World!...
Globe

100% online courses

Start instantly and learn at your own schedule.
Calendar

Flexible deadlines

Reset deadlines in accordance to your schedule.
Clock

Approx. 18 hours to complete

Suggested: 9 weeks of study, 2-3 hours/week ...
Comment Dots

English

Subtitles: English...

Skills you will gain

NeuroeconomicsBiologyEducationNeurobiologyBrain
Globe

100% online courses

Start instantly and learn at your own schedule.
Calendar

Flexible deadlines

Reset deadlines in accordance to your schedule.
Clock

Approx. 18 hours to complete

Suggested: 9 weeks of study, 2-3 hours/week ...
Comment Dots

English

Subtitles: English...

Syllabus - What you will learn from this course

Week
1
Clock
1 hour to complete

Introduction to the Course

Welcome to the new field of Neuroeconomics! I hope you have an opportunity to reserve some time to explore the course content, course logic and our grading policy. The course consists of nine lectures covering main topics of Neuroeconomics. This class is completely self-paced: You can learn as fast as you like. The course does not require any prior study of economics and neuroscience; however, it might require you to study novel interdisciplinary materials. The course provides an introduction to the methodology, assumptions, and main findings of Neuroeconomics. Our students have different backgrounds; therefore, I have adapted and simplified the course to allow all students to understand the interdisciplinary content. This course will help you to start your progress in the field of Neuroeconomics and to further develop your skills during other more advanced courses and trainings in the future. Have a good time with this new field of science! Best regards, Vasily Klucharev...
Reading
1 video (Total 1 min), 5 readings
Video1 video
Reading5 readings
Pre-Course Survey10m
Grading and Logistics10m
Suggested Readings10m
Course Plan10m
About the Instructor10m
Clock
2 hours to complete

Introduction and Scope of Neuroeconomics

This lecture will provide an introduction to the course and a historical overview of the field and will explore major assumptions of Neuroeconomics. We'll discuss the need for Neuroeconomics and the limitations of the traditional fields of economics, psychology, and neuroscience. Can we predict decisions based on neural activity? Can we change human decisions using brain stimulation techniques? Does Neuroeconomics change views on free will and free decisions? This lecture will deal with these and other questions. Overall, I'll try to convince you that Neuroeconomics radically transforms the way we normally think about human behavior. Have a good time with a new field of science!...
Reading
5 videos (Total 56 min), 1 reading, 1 quiz
Video5 videos
Origin of Neuroeconomics8m
Neuroeconomics & Decision-making Theory5m
The Scope of Neuroeconomics12m
Some Philosophical Implications of Neuroeconomics12m
Reading1 reading
Readings and Resources10m
Quiz1 practice exercise
Introduction and Scope of Neuroeconomics30m
Week
2
Clock
2 hours to complete

Neuroanatomy, Neurophysiology, and Neuroimaging: Tools of Neuroeconomics

We will start with a short introduction to cognitive neuroscience, brain anatomy, and brain functions and continue with a discussion of various methods of measuring brain activity, including brain imaging methods (EEG, MEG, fMRI), transcranial brain stimulation (TMS), cell recording, and data visualization, and interpretation of the results. The main goal of this lecture is to help you read and understand results of Neuroeconomics papers. I will introduce terminology and experimental methods that we will use throughout the whole course....
Reading
4 videos (Total 57 min), 1 reading, 1 quiz
Video4 videos
Methods of Cognitive Neuroscience. Lesions, Brain Stimulation15m
Single-cell Recordings, EEG & MEG11m
Functional Magnetic Resonance Imaging (fMRI)19m
Reading1 reading
Readings and Resources10m
Quiz1 practice exercise
Neuroanatomy and Neurophysiology30m
Week
3
Clock
2 hours to complete

Introducing Brain Models of Decision-Making and Choice

Now we will start our journey in Neuroeconomic theories and findings. You will learn the main features of the Diffusion Model, the most popular theoretical model of decision-making in Neuroeconomics. We will apply this model to single-neuron activity in a monkey cortex and to the human brain in order to understand how brains program decisions. For advanced students, I recommend a guest lecture provided by Dr. Sebastian Horn (Max Planck Institute for Human Development, Berlin), who gives a more fundamental explanation of the drift diffusion model. Enjoy Neuroeconomics!...
Reading
7 videos (Total 63 min), 1 reading, 1 quiz
Video7 videos
Introduction to Diffusion Model9m
Diffusion Model vs. Race Model9m
Perceptual Decision Making in the Human Brain7m
Collective Decisions of Honey Bees & Diffusion Mechanism9m
Guest Lecture 1: Dr. Sebastian Horn – Some Notes on Drift Diffusion Model [Expert Opinion]9m
Guest Lecture 1: Dr. Sebastian Horn – Some Notes on Drift Diffusion Model. Part II9m
Reading1 reading
Readings and Resources10m
Quiz1 practice exercise
Decision-Making 30m
Week
4
Clock
2 hours to complete

Neural Representation of Subjective Value

Why do we make decisions? Perhaps we do so to activate our neurons. During this lecture, we will discuss how neurons assign values to different options during the decision-making process. We will also discuss the central role of the nucleus accumbens and orbitofrontal cortex in the valuation process. To make adaptive decisions, we must evaluate the costs and benefits of available options. Neuroeconomics has set itself the ambitious goal of understanding the brain mechanisms that are responsible for these evaluative processes. Neuroeconomics has also focused on describing the neural signals related to learning the value of stimuli and actions. Overall, this lecture will present some key ideas of Neuroeconomics. ...
Reading
6 videos (Total 73 min), 1 reading, 1 quiz
Video6 videos
The Nucleus Accumbens - The Core Valuation Region10m
The Nucleus Accumbens & Expected Value10m
The Nucleus Accumbens: Shopping, Marketing, and Learning12m
The Orbitofrontal Cortex & Decision Values13m
The Diffusion Model & Valuation Process7m
Reading1 reading
Readings and Resources10m
Quiz1 practice exercise
The Nucleus Accumbens 30m
4.7
Direction Signs

67%

started a new career after completing these courses
Briefcase

83%

got a tangible career benefit from this course
Money

11%

got a pay increase or promotion

Top Reviews

By DAFeb 12th 2017

Very interesting stuff :) I couldn't wait to get started with new lessons. Would love to see a follow up course discussing more advance and complex neuroeconomics papers in the future.

By SSJan 29th 2016

fantastic new topic. Despite his accent, Professor Klucharov has taught this difficult topic very nicely.\n\nEnjoyed every moment of it and learnt so much despite being a Neurologist.

Instructor

Vasily Klucharev

Professor and Head of the Department of Psychology
Faculty of Social Sciences

About National Research University Higher School of Economics

National Research University - Higher School of Economics (HSE) is one of the top research universities in Russia. Established in 1992 to promote new research and teaching in economics and related disciplines, it now offers programs at all levels of university education across an extraordinary range of fields of study including business, sociology, cultural studies, philosophy, political science, international relations, law, Asian studies, media and communications, IT, mathematics, engineering, and more. Learn more on www.hse.ru...

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

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