Briefly Describe What a Final Database Design Consists Of

question 92

Essay

Briefly describe what a final database design consists of.

Grasp the intersection of economics and psychology as it relates to political economy, including the study of rational vs. irrational behavior, decision making, and the impact of information asymmetry.

Learn about behavioral economics concepts such as time inconsistency, satisficing, adverse selection, and screening as they apply to both individual and political decision making.

Recognize the importance of fairness and how it influences economic and political systems, including applications in experiments like the ultimatum game.

Understand how government functioning is analyzed within economics through the study of behavioral economics and political economy.