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Rationality and Irrationality [Head Start in A-Level Economics]

AS, A-Level, IB
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 16 May 2020

This is the first session in a six-session short course for Year 11 students introducing them to behavioural economics.

Video 1: Introduction to the Short Course

This video introduces the Year 11 Head Start Short Course in Behavioural Economics.

Video 2: Rational behaviour and the world of Econs

This video looks at the concept of rationality - often assumed in economics textbooks to be the model of consumer behaviour but which is now fundamentally challenged by behavioural economic thinking.

Video 3: Irrationality and Kahneman's Dual Process Theory

In this video we explore the concept of irrationality and the dual process theory associated with Daniel Kahneman and Amos Tversky.

Finding out more about behavioural economics

We have a collection of study resources on behavioural economics available here

We will be adding some quizzes to this page very shortly.

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