This 773-word text discusses behavioural economics. It provides a definition of the key term, it analyses how different this type of economics is from classical economics, it looks at nudge theory along with examples of successful nudges and criticisms of the theory and it ends by considering how society can benefit through both types of economics.
The reading test includes: matching headings to paragraphs; true, false, not given; reference words; open answer questions; citations; and a vocabulary task.
