Behavioral Economics for Better Public Policies

Badge awarded to

Andrés Felipe Gutiérrez Jaramillo

Issued on 11 Nov 2024 by

Banco Interamericano de Desarrollo

Expires: 11 Nov 2026

The Inter-American Development Bank issues the following badge through BIDAcademy and certifies that the recipient has successfully completed the program Behavioral Economics for Better Public Policies. The course provides guidance on key concepts of behavioral economics and how they differ from the view of the standard economic model. In addition, it introduces tools that can help promote a better decision making and presents reviews cases from real interventions in which these nudges were used to improve public policies in Latin American countries and other parts of the world.

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Criteria

Learning goals

Recognize the key concepts and main characteristics of behavioral economics
Identify cognitive biases and other behavioral barriers to the effectiveness of public policy in Latin America and the Caribbean
Recognize behavioral economics tools that can be applied in overcoming barriers relevant to public policies in Latin America and the Caribbean
Identify how the implementation of interventions using behavioral economics tools can complement the effectiveness of public policies based on the traditional economic model

Learning experience and activities

Self-guided virtual learning that included:

Analyzing reference materials such as videos, interactive presentations, and readings
Carrying out activities and exercises using real case examples from Latin America and the Caribbean and other parts of the world
Simulations, reflection, analysis of problem situations or cases, and simulations for decision making, among others
Five learning assessments

Content/Topics

Principles of the traditional economic model and of behavioral economics
Key concepts and main terms of behavioral economics, such as the dual process theory and major cognitive biases
Behavioral economics and public policies
Use of tools of behavioral economics in public policies
Behavioral biases and the most relevant tools for the effectiveness of public policies in Latin America and the Caribbean, through cases applied to healthcare and tax compliance
Behavioral economics as a complement to policies based on conventional models

Assessment

This badge has been issued after the recipient successfully achieved a score equal to or greater than 80% on each of the five learning assessments. The final score will be calculated based on the weights assigned to each learning assessment questionnaire: the questionnaire of modules 1 and 2 have a weight of 20% each; Module 3 has two assessments, each weighing 15% and Module 4 learning assessment weighs 30%. The overall passing score for the course is at least 80 % and course grades are Passed/Not Passed, based on the total percentage achieved.

Estimated effort

It took approximately 16 hours to complete this course.

Badge type

Completion badge

*This credential is equivalent to the previous version.