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Lectures of economics of consumption, society and welfare

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Lectures of economics of consumption, society and welfare

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Uploaded on
November 12, 2025
Number of pages
12
Written in
2025/2026
Type
Class notes
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Lectures economics of consumption
Introduction lecture
Content

- Economic approaches in the field of consumption, welfare and society

Qualitative research

- Verbal data
- Content analyses
- Interviews, focus groups

Surveys vs experiments

Suitability research question

Quantitative survey study

- 2 hypotheses
- 3 variables

Independent variable = The independent variable is the cause or the factor that is
manipulated or changed in an experiment or study. It influences the dependent variable.

Dependent variable = The dependent variable is the effect or the outcome that is
measured in response to changes in the independent variable.

Choose theoretical concepts

- Rather no demographic characteristics
- Necessary for operationalization

Selection/combination of concepts

- Scientific and/or societal relevance
- Solid argumentation



Behavioural economics and policy making
Many kinds of policies

Behavioural economics

- Economics using insights from psychology

Economic psychology

- Psychologists using insights from economics

, Bounded rationality
Bounded willpower
Bounded selfishness

Application to policy

- Problem: reaching suboptimal outcomes and acting against own objectives
- Aim: help people to reach better solutions and act in their own interest

Traditional classification policies

- Preek: providing information
- Wortel: providing incentives
- Stok: setting rules and regulations

Policiy is traditionally based on economics, but not on psychology or behavioural science

Behavioural economics makes it possible to develop a different kind of policy

Science vs policy (problems)

It depends

- Trade-off between accurate but vague answer that offers no clear recommendations
and inaccurate, yet precise answer resulting in a clear policy.

There is nothing more practical than a good theory

- Translating general theoretical principles into specific policies.

Simple stimuli and rich reality

- Selecting stimuli that reflect the situation that they will be applied to.

Convincing policy-makers

Grassroots approach

- Starting at a local level instead of a national level.

Influencing policy via economics

- Using established paths to inform policy makers

Influencing policy via law

- Using a different field as a bridge for existing gaps

Doing research on policy

- Pilot testing of policy experiments.

Policy instruments

- Teaching
- Learning
- Communication
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