Middlebury
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ECON0222

Economics of Happiness

Economics of Happiness
We will explore the economics of happiness in both the micro and macro realm. We start with the neoclassical model of rational individuals who know with great precision what makes them happy. Next we explore behaviorist challenges to that model, including issues of regret, altruism, fairness, and gender. On the macro side, we investigate the puzzle of why, though most of us like more income, a growing GDP does not seem to make societies happier; we examine the impact of the macroeconomic environment on individual happiness. Finally we touch on current policy issues such as quantitative happiness indicators that have been adopted around the world, “paternalistic” policy measures to increase happiness, and the no-growth movement. (ECON 0150 or ECON 0155) 3 hrs. lect.
Subject:
Economics
Department:
Economics
Division:
Social Sciences
Requirements Fulfilled:
SOC

Sections

Fall 2014

ECON0222A-F14 Lecture (Craven)

Spring 2014

ECON0222A-S14 Lecture (Craven)

Spring 2013

ECON0222A-S13 Lecture (Craven)

Fall 2010

ECON0222A-F10 Lecture (Craven)

Fall 2009

ECON0222A-F09 Lecture (Craven)