Oman SCP's Behavioural Economics Unit visits 20 stakeholders

Muscat: The newly established Behavioural Economics Unit at Supreme Council of Planning conducted in cooperation with London-based Behavioural Insights Team a two weeks visits programme to more than 20 stakeholders from government and private sector.
They included the Ministry of Education, Ministry of Social Development, National Recruitment Centre, National Youth Committee, Nama Group, Oman Aviation Group and Asyad Group.
The visits which were concluded yesterday aimed to introduce the Behavioural Economics Unit and review global experiences.
The challenges facing every unit has been discussed as well as the solutions to overcome these challenges through behavioural economics applications.
At the end of every session, focal points were specified to follow up on the discussions and agree on the scope of work in addition to expected work progress plans for every project.
The final meeting was held in the presence of British Behavioural Insights Team where the work methodology was presented and discussed along with agreeing on the details and objectives of the next visits programme.
Behavioural Economics Unit is planning to hold specialised workshops on behavioural economics to develop the required competencies with the Unit and other Government units.
Moreover, BEU is also planning to carry out several proposed projects which will entail transfer of knowledge to two stakeholders at least during the second half of this year.
All the projects planned by BEU will contribute to the realization of Oman Vision 2040.
The establishment of Behavioral Economics Unit comes in implementation of the outcomes of Oman Vision 2040 as the Vision discussed in its national conference held in January 2019 the importance of change management as one of the key pillars towards achieving Vision 2040 objectives.
The behavioral economics is one of the leading sciences in change management. Behavioral economics tools use psychology and economy sciences to engineer choices and stimulate taking informed decisions.
The Behavioral Economics Unit team comprises of Omani and British experts in economy, policies, psychology, statistics among others.