Behavioural Economics | Training Course | IDM
  • You will learn to
  • Details
  • Course availability

You will learn to:

  • Use the principles of Behavioural Economics to develop frameworks for planning and campaigns
  • Discover the main frameworks and how to apply these to your role
  • Change the context in which you present choices to consumers or customers
  • Develop messaging that influences patterns of consumption
  • Harness the power of the default option
  • Understand how 'mental accounting' affects decision making
  • Make 'irrational' consumers more predictable


Course Categories: Business Skills

See below for further course details and full programme information.

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Details

Level
Foundation
Duration
1 day (7 CPD hours)

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Course availability

Start Location Member Non-Member Places Left  
02/07/24 Virtual Classroom £360.00 £450.00 14 More info
Book Until
1 Jul 24
Venue

NB: Prices above subject to VAT

Course Information

Introduction to Behavioural Economics

  • Understanding the major principles
  • History, context and background
  • BE's place in marketing
  • Why now?
  • How areas such as personas and CX can be impacted positively


Thinking Styles and Perception

  • Thinking fast, thinking slow - systems thinking patterns
  • Choices - how too little or too much can impact outcomes
  • Neuromarketing: what neuroscience adds to the BE toolkit
  • Context - what it stands for


Heuristics and Biases

  • What and how do biases materialise
  • ...and what that means for marketing
  • Selecting the right bias to counter or exploit
  • The aims and goals of application in your next campaign
  • Mapping techniques to the customer journey


Choice Architecture

  • Advertising and social proof
  • Framing, decoys and anchors
  • Helping to nudge the right outcome
  • Reducing the 'pain of payment'
  • The Terrible Curse of Knowledge


Frameworks and Models

  • The Nudge Unit and origins
  • Introducing MINDSPACE and EAST
  • How to apply frameworks to marketing
  • Third bird and the importance of timing


The Consumer Decision Journey and Goals

  • How the decision journey has changed
  • Using BE to analyse and modify consumer decisions
  • Implicit and explicit goals
  • Using goal drivers for segmentation


This course is designed for:

  • Marketers with little or no knowledge of Behavioural Economics
  • Anyone involved in planning and developing marketing communications

Taking this course will give you the theoretical and practical underpinning to turn the marketing unpredictable into the predictable.
You will add the ability to predict patterns of behaviour and habits to your strategic toolkit.

Richard Shotton, Founder, Astroten


Richard Shotton specialises in applying behavioural science to marketing. He has worked in marketing for 23 years and helps brands such as Google, Mondelez and BrewDog with their challenges.

He is the author of The Choice Factory, a best-selling book available in 15 languages, which explains how behavioural science can solve business challenges.

His latest book, The Illusion of Choice came out in March 2023. In 2021 he became an associate of the Moller Institute, Churchill College, Cambridge University.

Get in touch...

To discuss your options, please get in touch with one of our learning and development team:

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