Discover how narrative dynamics and storytelling influence economic decisions and shape market behaviors across global economies.
Discover how narrative dynamics and storytelling influence economic decisions and shape market behaviors across global economies.
This course introduces the concept of narrative economics, exploring how popular stories and narratives influence economic behavior and outcomes. Led by renowned economist Robert Shiller, the course examines how certain stories go viral and shape public beliefs, affecting decision-making in areas such as investment, spending, and career choices. Through four modules, students will learn about the basic concepts of narrative economics, explore why some stories become influential, examine perennial economic narratives, and consider future research directions in this field. The course aims to incorporate the study of narrative contagion into economic theory and practice.
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English
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What you'll learn
Understand the concept of narrative economics and its importance
Analyze how stories influence economic behavior and market outcomes
Explore the mechanisms of narrative contagion in economic contexts
Examine perennial economic narratives and their impact on decision-making
Learn to identify and evaluate the influence of narratives on economic events
Develop skills in applying narrative economics to economic analysis and forecasting
Skills you'll gain
This course includes:
3.5 Hours PreRecorded video
4 assignments
Access on Mobile, Tablet, Desktop
FullTime access
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There are 4 modules in this course
This course introduces the concept of narrative economics, exploring how popular stories and narratives influence economic behavior and outcomes. It covers the basic concepts of narrative economics, demonstrates how stories change over time to affect economic phenomena, and examines why some narratives become influential while others are forgotten. The course explores seven key propositions of narrative economics and analyzes nine perennial economic narratives that have significantly impacted economic decisions. It also discusses future research directions and the potential for integrating narrative economics with other disciplines. Throughout the course, students will gain insights into how narratives shape public beliefs and influence decision-making in various economic contexts.
Introduction
Module 1 · 1 Hours to complete
Seven Propositions of Narrative Economics
Module 2 · 1 Hours to complete
Perennial Economic Narratives
Module 3 · 2 Hours to complete
Consilience
Module 4 · 52 Minutes to complete
Fee Structure
Payment options
Financial Aid
Instructor
Sterling Professor of Economics at Yale University
Robert J. Shiller is a renowned economist and Sterling Professor of Economics at Yale University, where he also serves as a Professor of Finance and Fellow at the International Center for Finance at the Yale School of Management. He earned his B.A. from the University of Michigan in 1967 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1972. Shiller is widely recognized for his contributions to financial markets, behavioral economics, macroeconomics, and real estate, and he was awarded the Nobel Prize in Economic Sciences in 2013 for his empirical analysis of asset prices.Shiller has authored several influential books, including Irrational Exuberance, which analyzes speculative bubbles, and Finance and the Good Society, which discusses the role of finance in modern society. He is also known for developing the S&P/Case-Shiller Home Price Indices, which are crucial for understanding real estate market trends. In addition to his academic work, he writes a regular column for Project Syndicate and The New York Times, sharing insights on economic issues and financial markets.
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4.8 course rating
567 ratings
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