|Course Name||Behavioral Economics|
|Course Code||BFSL 6770|
|Pre/Anti-requisites||Pre-Requisite For students outside the BFSL specialization: BFSL 6800: Introductory course I: Introduction to Financial Services Law or BFSL 6901: Introductory course III: Advanced Bankruptcy and Insolvency Law or Demonstrated foundational knowledge of Canadian bankruptcy and insolvency law concepts.|
This course will begin with an overview of behavioural economics and the primary decision-making biases that affect bankruptcy — time-inconsistent preferences and the status quo bias are two examples. We will take up the question of how creditors sometimes take advantage of these biases to lead some people into financial trouble. That discussion will then lead us to ask how regulation could be better designed to reduce overindebtedness. As part of that discussion, we will take up specific features of the Bankruptcy and Insolvency Act that either are informed by or should be informed by the tenets of behavioural economics.
Not currently scheduled
|CPD Hours||Eligible LSO CPD: 12h Substantive Professional LLM courses may be eligible for CPD/MCLE credits in other Canadian jurisdictions. To inquire about credit eligibility, please email email@example.com|
All courses and schedules are subject to change.