Professional Certificate in Behavioral Economics: Policy Formulation

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The Professional Certificate in Behavioral Economics: Policy Formulation is a comprehensive course that bridges the gap between economic theory and practical decision-making. This program emphasizes the importance of understanding human behavior in economic policy-making, addressing the limitations of traditional economic models.

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About this course

With a strong industry demand for professionals who can apply behavioral economic insights to real-world challenges, this certificate course equips learners with essential skills for career advancement in various fields, including public policy, marketing, finance, and healthcare. By blending theoretical knowledge with practical applications, learners will master the art of designing, implementing, and evaluating policies using behavioral economic principles. The curriculum covers essential topics such as bias and heuristics, judgment and decision-making, behavioral game theory, and experimental methods. Through case studies, interactive exercises, and real-world examples, this course empowers professionals to drive impactful change and improve overall societal well-being.

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Course Details

• Introduction to Behavioral Economics – definitions, history, and key concepts
• Biases & Heuristics in Decision Making – cognitive shortcuts, common biases, and their implications
• Bounded Rationality & Behavioral Policy Formulation
• Behavioral Experiments – design, implementation, and interpretation
• Nudging & Choice Architecture – principles and applications in policy design
• Behavioral Policy Evaluation – metrics, analysis, and improvement
• Privacy, Ethics, and Regulation in Behavioral Economics
• Case Studies in Behavioral Policy Formulation
• Behavioral Economics in Public Health Policy
• Behavioral Economics in Environmental Policy

Career Path

Entry Requirements

  • Basic understanding of the subject matter
  • Proficiency in English language
  • Computer and internet access
  • Basic computer skills
  • Dedication to complete the course

No prior formal qualifications required. Course designed for accessibility.

Course Status

This course provides practical knowledge and skills for professional development. It is:

  • Not accredited by a recognized body
  • Not regulated by an authorized institution
  • Complementary to formal qualifications

You'll receive a certificate of completion upon successfully finishing the course.

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PROFESSIONAL CERTIFICATE IN BEHAVIORAL ECONOMICS: POLICY FORMULATION
is awarded to
Learner Name
who has completed a programme at
London College of Foreign Trade (LCFT)
Awarded on
05 May 2025
Blockchain Id: s-1-a-2-m-3-p-4-l-5-e
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