Mixing economics with psychology and game theory, this course seeks to understand what drives individual economic decisions. What psychological and emotional factors induce people to buy a $5 cup of coffee? How can we explain consumers’ decisions when they depart from the expectations of standard economic models? How do risk and uncertainty impact people’s spending? Students investigate areas such as luxury goods, healthcare, insurance, and labor while considering how psychology affects economic decision-making.
The Cambridge Tradition is based at Jesus College, whose buildings date back to the twelfth century, and counts notable figures such as Samuel Taylor Coleridge, Thomas Cranmer, and Prince Edward among its alumni.
In Cambridge, students live in rooms that are occupied by undergraduates during the year. Students are housed in singles or doubles. Students can request a private bathroom (for a fee), on a first-come, first-served basis.
Students on the Cambridge Tradition attend one or two Sessions and choose one course per Session. Popular courses include Aerospace Engineering, Astronomy and Astrophysics, International Espionage, Medicine, and Psychology.
Every class is designed to use Cambridge as a teaching tool. When not in class, students have access to a full range of optional activities designed to help them discover Cambridge and immerse themselves in English life. They can go on tours of local sights, go on field trips, take part in sporting activities.