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Masters Degrees (Behavioural Economic)

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Behavioural science is a rapidly growing area for policy and business with fascinating insights into human behaviour and wide-ranging practical implications. Read more

Introduction

Behavioural science is a rapidly growing area for policy and business with fascinating insights into human behaviour and wide-ranging practical implications.
This exciting, course teaches the core theory and methods of behavioural science and behavioural economics, and how these can be applied to important business and policy-relevant issues.
This MSc is aimed at students with a very strong intrinsic motivation to study the link between economics, psychology, business and policy. The MSc is taught by dedicated staff from the Behavioural Science Centre who have extensive experience in integrating insights from economics and psychology to address key societal challenges.
The MSc offers students the opportunity to gain advanced training in behavioural theory, to learn a comprehensive suite of behavioural methods, and to understand how this ‘toolkit’ can be applied to understand and inform the decisions made by stakeholders, workers and consumers.

Key information

- Degree type: MSc, Postgraduate Diploma
- Study methods: Full-time
- Duration: MSc: one year; Diploma: nine months
- Start date: September
- Course Director: Dr Michael Daly

Course objectives

The course aims to enable students to:
- Develop an in-depth understanding of the core concepts and theory in behavioural economics.
- Understand the relevance of subfields of psychology (e.g. personality, IO) to business.
- Critically appreciate the psychological foundations of key concepts in behavioural science.
- Develop an understanding of how behavioural science has been and can be applied to business and policy contexts.
- Develop the capacity to understand the role of individual difference factors in shaping responses to and behaviours in different economic circumstances and business settings.
- Become proficient in carrying out statistical analyses (e.g. OLS, probit regression) using standard software.
- Understand the role of experiments in identifying decision processes and enabling behaviour change
- Design behavioural experiments and understand key issues involved in conducting and drawing conclusions from behavioural experiments.
- Understand methods of measurement and how the are employed across key domains in behavioural science (e.g. personality, preferences, well-being, health).
- Become aware of the data sources available to researchers in behavioural science and how best to utilise these resources to study business and policy-relevant issues
- Critically appreciate the complex conceptual, design, and statistical issues involved in testing causality in behavioural science.
- Develop, present and communicate arguments clearly and logically both in writing and orally.
- Develop an appreciation of unfolding trends in the behavioural science and behavioural economics literatures and to gain key insights from leading experts in the field.

English language requirements

If English is not your first language you must have one of the following qualifications as evidence of your English language skills:
- IELTS: 7.0 with minimum 6.0 in each skill
- Cambridge Certificate of Proficiency in English (CPE): Grade B
- Cambridge Certificate of Advanced English (CAE): Grade A
- Pearson Test of English (Academic): 67 with a minimum of 55 in each component
- IBT TOEFL: 100 with no sub test lower than 20

For more information go to English language requirements https://www.stir.ac.uk/study-in-the-uk/entry-requirements/english/

If you don’t meet the required score you may be able to register for one of our pre-sessional English courses. To register you must hold a conditional offer for your course and have an IELTS score 0.5 or 1.0 below the required standard. View the range of pre-sessional courses http://www.intohigher.com/uk/en-gb/our-centres/into-university-of-stirling/studying/our-courses/course-list/pre-sessional-english.aspx .

Delivery and assessment

You have an active role in your learning experience. Delivery includes lectures, seminars, guest speakers, article discussion groups, and presentations, followed by a three-month dissertation period. Assessment is by a mixture of examination and coursework, including written assignments and presentations. Successful completion of the taught element of the programme leads to the award of the Diploma or allows you to continue for the award of the MSc by completing a 15,000-word dissertation based on an original research question agreed by yourself and your supervisor. The project should reflect your own understanding and knowledge of selected topics learnt during taught modules.

Career opportunities

On completion of this course students will be ready and able to contribute innovative solutions to many businesses, governments and society.
The specialist knowledge they acquire in behavioural science will be invaluable in building long-term careers in business (e.g. human resource management, advertising, regulation, consumer marketing, social marketing and survey research) and those who wish to inform the design and implementation of public policy.
The course also provides an excellent entry for those thinking of progressing to doctoral research in this area.

Industry demand for skills

- Policy: The Cabinet Office has a Behavioural Insights team, which draws on insights from the growing body of academic research in the fields of behavioural science and psychology. The concepts and methods employed by the Behavioural Insights team are now being adopted in other countries and amongst those involved in policy implementation more generally.

- Marketing and Market Research: Key skills desired in marketing and market research include the ability to apply behavioural theory and methods to understand product pricings, promotion, and consumer perceptions. Part of this involves the understanding of the characteristics of customers, so that they can be grouped and targeted in customised ways.

- Human Resources: There is a demand for skills within organisation development, organisation design, resourcing and talent development as well as employee engagement within the HR environment.

- Survey Research: Government, state agencies, and businesses have demonstrated a strong demand for high quality survey data. Companies delivering this service seek sophisticated survey operations skills including knowledge of data collection modes, survey design, survey completion behaviour, formatting, quality control, and distribution.

- Business: Business and management careers now place increasing value on the capacity to apply behavioural insights to business challenges and to gather evidence using experimental methods.

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Behavioural economics applies psychological insights into human behaviour to explain how real people make economic decisions. Read more
Behavioural economics applies psychological insights into human behaviour to explain how real people make economic decisions.

Who is it for?

The course is suitable for recent graduates in economics, psychology and related social science or quantitative disciplines who are looking to develop a career in the fast-paced world of behavioural economics, either in the public or private sector.

As the course is offered in full-time and part-time modes, it is also suited to professionals who want to enhance their theoretical knowledge and practical skills and would benefit from an academic environment.

Objectives

Behavioural economics applies psychological insights into human behaviour to investigate how people make economic decisions under various conditions of constraint (e.g. time and knowledge) and influence (e.g. social pressure). This is an important field in modern economics, and the social sciences more generally.

Commercial organisations have long known the limitations of individual decision making and they routinely use this knowledge in their commercial practices (e.g. anchoring effect of minimum payment on credit cards). The practical implications of behavioural economics are varied and significant, and acknowledged to provide a powerful and cost-effective approach to improving human welfare.

The Behavioural Economics MSc will develop your skills and knowledge to prepare you for a wide variety of roles in the private or public sector that require a solid understanding of human behaviour.

Teaching and learning

The modules are taught by lecturers from the economics and psychology department with research interests in behavioural economics.

In each module you will receive typically 30 hours of face-to-face contact, supported by online resources (e.g., videos and advanced readings provided on the learning platform Moodle) for your self-directed study. You will be required to take responsibility for your own learning and to take advantage of the learning opportunities offered (e.g., invited speakers programme and online resources). The learning and teaching strategies for each module will expose you to a range of methods, comprising: lectures, guest lectures, seminars, group work, workshops, small group discussions, tutorials, reflective reports and research project supervision.

Assessment

In order to assess your full range of learning, you will complete reflective reports, essays, examinations, interpretation of statistical analyses, formal research proposals and a research dissertation. Most individual modules are assessed by a combination of coursework and examinations. In addition, you will be directed to independent study and receive detailed feedback on your coursework as an aid to your further learning. These different forms of assessment have the aim of assessing your knowledge, skills and appreciation in different areas of behavioural economics (e.g., theoretical knowledge and applied aspects of behavioural techniques).

Modules

Full-time students take four modules in each of the first two terms, followed by a written research dissertation in the third term.

Most of the modules are structured as a combination of two-hour lectures (to present information) and one-hour seminars or clinics (to understand and assimilate lecture material) or lab sessions. Teaching and learning is enhanced by technology-supported resources, and teaching staff are available for one-to-one interaction and feedback.

It is expected that full-time students will spend about three hours in lectures/seminars plus self-directed, independent study hours for each module per week. You should also expect to attend seminars given by invited speakers and seminars on dissertation writing (about one to two hours per week).

Your workload might vary from week to week.

Term 1
-Principles of Economics
-Cognitive and Economic Science of Rational Choice
-Psychological Processes: Individual and Social
-Behavioural Research Methods: Design and Analysis

Term 2
-Experimental Economics and Game Theory
-Fundamentals of Cognitive Science
-Applied Econometric and Psychological Research Methods
-Professional Aspects of Behavioural Economics

Term 3
-Research Dissertation
Students with a strong background in Economics may substitute 'Principles of Economics' with a microeconomics module from one of the MSc programmes offered by the Department of Economics. You may also substitute an appropriate elective from one of the MSc modules offered by the Department of Economics for 'Professional Aspects of Behavioural Economics' - this will allow a pathway through the programme that is focused on theoretical and research economic themes.

Career prospects

Whilst there is not yet a specific occupation of 'behavioural economist', the knowledge and skills acquired are highly valuable in a range of sectors:
-Economic consultants undertaking marketing activities
-Health economics consultants developing sales/markets for products (from branded medicines to health insurance schemes)
-Public policy specialist who advises on the choice architecture of decision making (e.g., transport decisions)
-Political campaigns and public relations more generally
-General marketing, sales and consumer psychology (preferences, sensitivity to incentives, and default behaviour)
-Brand awareness consultancies
-Financial trading and risk assessment
-Internet auction companies
-Design consultancies (e.g. websites)
-In large international institutions, e.g. World Bank, EBRD, Central Banks etc.

City’s Behavioural Economics postgraduate course would be especially valuable for professionals who already work in occupations which involve the need to understand the scientific dynamics of human decision making and behaviour (e.g., financial traders who require the right psychological attitude as much as appropriate strategy knowledge).

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How do we deal with the long term challenges from new technologies, globalisation, demographic shifts and environmental change? Are our current pension… Read more

How do we deal with the long term challenges from new technologies, globalisation, demographic shifts and environmental change? Are our current pension and healthcare systems strong enough to cope with an ageing population? What policies are required to achieve environmental sustainability - and who is responsible for taking action? If you are strongly motivated to contribute to just and effective decisions in economic policy-making, the Master’s in Economic Policy at Utrecht University School of Economics (U.S.E.) is the right choice for you.

RESEARCH EXPERTISE 

Based on Utrecht University’s research expertise, this multidisciplinary Master’s gives you 360-degree picture of the importance of economic policy-making for business, government, and society.

CONTENT OF THE PROGRAMME

In the Master in Economic Policy you focus on

  • the role of government policies in complex societal issues such as health care and insurance, sustainable economic growth, and energy transition;
  • applying modern economics to societal questions such as labour market reform, inequality, and the future of health care.

PROGRAMME OBJECTIVES

This MSc in Economic Policy provides you with:

  • The sound theoretical knowledge and advanced analytical skills required to work in the complex, challenging and important field of economic and public policy;
  • A small-scale, culturally diverse cohort that creates a lively, intense and highly international interaction in and out of class;
  • A multidisciplinary approach that combines expertise in both economics and the social sciences;
  • The ability to contribute to societal development by designing and implementing new solutions to the complex and multifaceted issues facing governments organisations and society today;
  • Broad perspectives from studying such core subjects as: Sustainable Growth, Econometric Methods in Empirical Economics, Public and Political Economics, Energy Transition and Behavioural Economics.
  • You will actively participate in major research projects, conduct your own research, present your results, and write short essays and a master’s thesis.

CAREER PROSPECTS

Upon completion of the MSc in Economic Policy you are prepared for a wide range of careers in both the public and private sector. Our alumni have gone on to develop careers as economics policy advisors for government agencies at the national, European and international level; as economic professionals in the public domain of public administration, health care, education and social security; or as consultants in sustainable transitions and energy economics. Read more about possible career prospects.



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This innovative course in the growing area of behavioural science and behavioural economics combines multidisciplinary expertise from the Departments of Economics, Psychology and Warwick Business School. Read more
This innovative course in the growing area of behavioural science and behavioural economics combines multidisciplinary expertise from the Departments of Economics, Psychology and Warwick Business School. Warwick is one of the strongest places in the world to study behavioural science (flagged for excellence in the 2014 Research Excellence Framework), and one of the few to offer a truly interdisciplinary research and teaching team.

During the course you’ll focus on behavioural, experimental and neuroeconomics, decision-making and the principles of cognition. Methods explored include mathematical modelling of choice, agent-based simulation, econometrics and process-tracing methods (e.g. eye-tracking and brain-imaging).

You’ll also undertake a project, giving you the opportunity to collaborate with a team of researchers on live research projects. Past projects have included analysis of big data sets (e.g. Facebook profiles to large UK/US panel studies), large online experiments with thousands of participants, field experiments on consumer and economic behaviour, and laboratory studies of groups using economic games.

Our graduates continue to PhD research, or to work in the public and private sectors, applying behavioural science to public policy and business.

Science Track

The Science Track is intended for those with an undergraduate degree in science, or another quantitative subject. Students take a module in Behavioural Microeconomics in Term 1, which introduces classic microeconomics and the relationship to the new behavioural approach.

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There is mounting evidence that people violate many of the "rationality" assumptions of mainstream economics. Behavioural Economics is a relatively new field that studies such violations and proposes theories to explain them. Read more

Overview

There is mounting evidence that people violate many of the "rationality" assumptions of mainstream economics. Behavioural Economics is a relatively new field that studies such violations and proposes theories to explain them. Behavioural Finance is a part of Behavioural Economics that studies important "irrationalities" on financial markets. Key topics include common mistakes people make when deciding how much to save and how to invest, excess volume of trade, equity premium puzzle, bubbles, and predictability of financial markets.

Why study Behavioural Finance

Behavioural Economics and Behavioural Finance have grown tremendously in popularity in recent years. The Nobel Prize in Economic Sciences was awarded to Daniel Kahneman in 2002 for Behavioural Economics and to Robert Shiller in 2013 for Behavioural Finance. There has been increased interest by the public, as evidenced by a spate of popular books in these areas. There has also been increased interest by governments: for example, David Cameron appointed a "Behavioural Insights Team" in 2010 to help design government policies.

The backbone of the programme consists of a first-semester module in Behavioural Economics and a second-semester module in Advanced Behavioural Finance. Apart from these two modules, students can take modules covering more traditional topics in finance.

A thorough knowledge of Behavioural Economics and Behavioural Finance provides students with a deeper and more realistic understanding of financial markets than is offered by mainstream finance alone. Such knowledge also makes students less susceptible to common mistakes in their own lives and careers. A successful completion of the programme would provide students with valuable skills for a wide range of careers in areas such as investment, banking, public service, or academia.

Structure

The programme consists of five compulsory modules in semester A as well as two compulsory modules and three electives in semester B. During the summer period students will also have to complete a 30-credit 5000-word dissertation under the supervision of an academic member of staff.

Students will also be offered a two-week pre-sessional course whose aim is to introduce students without a strong quantitative background to the necessary mathematics and statistical concepts.
Click here for the full programme structure: http://econ.qmul.ac.uk/postgraduate/masters/msc-programmes/152610.html

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The human side of economics. the impact of psychology on decision making. Read more

The human side of economics: the impact of psychology on decision making

Why do people not always act as rational economic decision makers? How can we apply mathematics and psychology to improve our economic models? Contrary to assumptions in traditional economics, people do not automatically choose the optimal course of action, even if given proper incentives. Intrigued? Our Behavioural Economics programme brings you the skills to optimise strategies and policies by including the framing and context that affect people’s choices.

The skills-based specialisation addresses the psychology of decision making. In both mainstream and behavioural economics courses you will acquire both a deep understanding of economics and the skills to adapt strategies and policies to deviations from rational behaviour.

Erasmus School of Economics, where else?

Few universities offer this increasingly popular stream in economics. If Behavioural Economics is your programme of choice, Rotterdam, frontrunner in economics, makes perfect sense. Select the curriculum that suits you best, study among ambitious and inquisitive co-students and benefit from the expertise of the internationally renowned Behavioural Economics Group.

Careers

Countries like the US, UK, and the Netherlands, and companies worldwide increasingly use the insights from Behavioural Economics to shape their policies. With this specialisation you can either help improve products, marketing policies, negotiation procedures, contracts, and financial portfolios in business, or design and improve public economic policies and strategies. It’s up to you. Careers are possible in many sectors, including: 

  • Consultancy
  • Financial sector
  • Governments
  • Research

"It’s great to be able to combine the math and psychology of Behavioural Economics with the track of your choice"

The MSc Behavioural Economics programme offers you a solid training in economics, complemented with psychological insights. Our students particularly appreciate the interactive nature of this programme. We gladly share their stories with you here

Download the brochure here.



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About the MSc programme. The MSc Psychology of Economic Life teaches you to analyse economic phenomena with a social psychological lens, beyond . Read more

About the MSc programme

The MSc Psychology of Economic Life teaches you to analyse economic phenomena with a social psychological lens, beyond homo economicus.

It provides skills for change management and improving socio-economic systems and business models towards more sustainability, by leveraging social values and technologies with a realistic psychology. We are interested in making the world a better place. In that perspective, you will learn how to think outside of the box and apply new approaches to behavioural design. Assessment is part of the learning process and makes use of case studies. These are examples of student essays from the compulsory course, Psychology of Economic Life. 

You will take compulsory courses in the Psychology of Economic Life and Methods for Social Psychological Research. You will then choose from a range of optional courses within the Department (eg, consumer psychology, decision-making, corporate communication, creativity and innovation, advanced theories for economic life) and the School so that you can deepen or widen your expertise, and take up the advanced study of particular aspects of economic life. Over the summer period, you will complete a dissertation based on empirical research.

Graduate destinations

Graduates of our Department enjoy employment opportunities worldwide in consultancy, government, international organisations, corporations and companies, but also non-governmental organisations (NGOs) and charities. This programme provides skills to the fast-growing demand for innovative and more sustainable ways of doing business. You may choose to continue to obtain a PhD and pursue an academic career.

Further information on graduate destinations for this programme



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Our MSc Economics programmes are intended to deepen your knowledge and understanding of economics as an academic discipline. Read more

Our MSc Economics programmes are intended to deepen your knowledge and understanding of economics as an academic discipline. Each programme draws upon the internationally rated research undertaken within the department and the experience of our academics in developing economic policy at organisations such as the Bank of England, the Organisation for Economic Cooperation and Development (OECD), the International Monetary Fund (IMF), the World Trade Organisation (WTO) and the United Nations.

A central objective of all of the programmes is to provide you with insight into the latest thinking in economics. You will attend a series of research seminars, during which you can discuss and present current research papers. You can also participate in the departmental seminars, which attract external academics and provide you with the opportunity to gain insight into current research in economics and econometrics.

Our MSc Behavioural Economics and Finance combines the intellectual rigour of a standard MSc in Economics with the insights stemming from the intersection of economics, social psychology and cognition.

This programme provides the quantitative training of standard microeconomics, with a thorough grounding in the research methodology behind experimental economics, whether applied to laboratory studies, or to field experiments. It also provides the statistical training required to analyse and interpret data from experiments.

The specialised courses in individual choice, behavioural economics and experimental courses will take students from the standard models that underpin behavioural sciences to the current developments in the field, whether applied to labour economics, behavioural finance or behavioural public finance, as well as policy applications, including the analysis of tax compliance by the HM Treasury or savings decisions by workers in the United States.

Study abroad and gain a second Masters qualification

The double degree option enables you to gain a second Masters qualification by studying for a year with one of our prestigious partner universities. For more information on this and other postgraduate study abroad opportunities, visit the Business School’s Study Abroad webpages http://business-school.exeter.ac.uk/programmes/postgraduate/studyabroad/

Programme structure

During the programme you will study modules (including the dissertation) totalling 180 credits. Please note that programme structures may be subject to change.

• Descriptions of the individual modules are given in full on the Business School postgraduate module list http://business-school.exeter.ac.uk/programmes/postgraduate/modules/.

Compulsory modules

Some examples of compulsory modules are as follows; Microeconomics; Optimization Techniques for Economists; Experimental Methods; Applied Econometrics 1; Applied Econometrics 2; Experimental and Behavioural Economics; Behavioural Choice and Financial Decision Making; Experimental Economics Project and Dissertation; and Industrial Economics and Strategy.



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The Economic Policy MSc is a unique programme which takes advantage of UCL's role as a global leader in policy-orientated research. Read more
The Economic Policy MSc is a unique programme which takes advantage of UCL's role as a global leader in policy-orientated research. The core teaching in microeconomics, macroeconomics and econometrics focuses on understanding the policy implications of economic models and their applications to real-world examples.

Degree information

The programme is designed to equip the professional economist with the tools required to understand the problems presented by a rapidly changing, complex and uncertain modern world economy. It includes a research methods course that teaches economics and econometrics software, empirical modelling and how to formulate a research project.

Students undertake modules to the value of 180 credits. The programme consists of four core modules (60 credits), four optional modules (60 credits) and a research dissertation (60 credits).

Core modules
-Econometrics for Policy
-Microeconomics for Policy
-Macroeconomics for Policy
-Research Methods

Optional modules - at least two of the following applied options:
-Time Series Econometrics
-Public Microeconomics
-Economics of Development
-The Economics of Migration
-Health Economics
-Programme Evaluation for Users
-Behavioural Economics
-Macroeconomic Policy
-Ethics in Welfare Economics
-Empirical Industrial Organisation
-Topics in Labour Economics
-Topics in Money and Finance
-Economics of Households

Remaining options (taking the total to four) from a list of policy options, including:
-Applied Policy Analysis
-Applied Development Economics and Policy
-Agenda Setting and Public Policy (Department of Political Science or International Political Economy (Department of Political Science)
-Environmental Economics: Principles and Policy
-Environmental Economics: Principles and Policy

Dissertation/report
The dissertation of 10,000 words is a piece of original research, carried out between June and September, supported by a research methods course and lightly supervised by a member of faculty.

Teaching and learning
The programme is delivered through a combination of lectures, seminars, and practical and problem classes. The MSc degree is awarded on the basis of written, final examination papers and the research dissertation.

Careers

First destinations of recent graduates include:
-Government Economic Service: economic advisor
-Bank of England: economist
-Frontier Economics: analyst
-Oxford Economics: economist
-Charles River Associates: senior associate
-HSBC: analyst
-UCL PhD programme

Top career destinations for this degree:
-Junior Consultant, Frontier Economics
-Associate, BCG (The Boston Consulting Group)
-Consultant, EY
-Assistant Economist, Government Economic Service
-MSc Business and Analytics, University of Manchester

Employability
UCL's Economic Policy MSc is a passport to careers in major national and international institutions that demand deeper, more rigorous analytical reasoning in economics. In these roles, graduates draw on a theoretical grounding and a wealth of practical analytical tools to formulate relevant questions in economics and produce high-quality economic analysis valued by employers and prestigious PhD programmes. Students benefit from the international reputations of the programme’s academic staff and the academic excellence and international perspectives of their fellow MSc students. Major employers invite UCL MSc graduates to apply for their roles. Profiles of recent graduates are available on the department website.

Why study this degree at UCL?

UCL Economics has an outstanding international reputation in the areas of game theory, industrial organisation, econometrics, applied microeconomics, development and labour economics. The department is a global leader in policy-oriented research, with members directing and holding senior positions in research centres involved in policy design and evaluation. The Research Excellence Framework 2014 ranked the UCL Economics as first in the UK for economics and econometrics, as well as the leading department in the UK in any field in any university. This reflects the high quality of policy-relevant academic research being undertaken by staff, and the excellent research and teaching environment for graduate students.

Resident and visiting economists contribute to the programme through lectures, seminars and research supervision and provide access to a network of both public and private sector employers.

UCL is located in central London at the heart of the UK centre of government. Recognised as the world's best connected city, 75% of the Fortune 500 companies have offices in London.

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We’re one of Europe’s leading economics departments, ranked top 5 in the UK for research, with over 90% rated as “world-leading” or “internationally excellent” (REF 2014). Read more
We’re one of Europe’s leading economics departments, ranked top 5 in the UK for research, with over 90% rated as “world-leading” or “internationally excellent” (REF 2014). We’re also ranked among the top 150 departments on the planet QS World Rankings 2017.

Behavioural economics is one of the fastest growing areas in economics in recent years. Insights inform business and public policy alike – we investigate the human and social factors influencing decisions made by consumers, borrowers and investors.

In your first term, you design a lab experiment for one of your assignments. You can then test your idea by carrying out behavioural research from start to finish in ESSEXLab, our state-of-the-art social science laboratory. You’re also trained in experimental design by lab experts and your lecturers, and can receive funding to carry out your experiment in the lab, subject to availability.

You don’t need a background in economics to study this course. Our modules are flexible so you can choose to focus on specific topics that interest you. We’ll teach you a diverse set of tools and methods, preparing you well for PhD study or a career in a number of fields such as business environments or public policy and implementation.

You explore topics including:

◾How economic considerations, cognitive limitations and psychology jointly shape human decision making
◾Theoretical frameworks and empirical predictions for environments where traditional theory fails to provide guidance
◾Markets and strategic interactions.

Our expert staff

Study and work alongside some of the most prominent economists of our time.

Our researchers are at the forefront of their field and have even received MBEs, with students coming from across the globe to study, research or work with us.

Many of our researchers also provide consultancy services to businesses in London and other major financial centres, helping us to develop research for today's society as well as informing our teaching for the future.

Specialist facilities

Take advantage of our wide range of learning resources to assist you in your studies:
-Work with researchers to learn how to conduct experiments from start to finish, as a lab assistant in ESSEXLab, our state-of-the-art social science experimental lab.
-Extensive software for quantitative analysis is available in all computer labs across the University
-Access a variety of economics databases and multiple copies of textbooks and e-books in the Albert Sloman Library

Your future

After completing your masters, you may wish to extend your knowledge with a research degree – many Essex graduates decide to stay here for further study.

Alternatively, our course also prepares you for employment; recent surveys have shown that higher degree graduates are more likely to obtain jobs at professional or managerial level.

With its distinctive focus on questions in behavioural economics, combining theoretical foundations and real-world applications, this course will equip you with transferable employability skills valued in industry (for example in the retail and financial sectors), government and academia.

Our graduates find employment in roles such as business and financial analysts, management consultants, government officials, and economists for banks and other financial organisations.

We also work with the university’s Employability and Careers Centre to help you find out about further work experience, internships, placements, and voluntary opportunities.

Example structure

Postgraduate study is the chance to take your education to the next level. The combination of compulsory and optional modules means our courses help you develop extensive knowledge in your chosen discipline, whilst providing plenty of freedom to pursue your own interests. Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore to ensure your course is as relevant and up-to-date as possible your core module structure may be subject to change.

Behavioural Economics - MSc
-Microeconomics
-Behavioural Economics I: Individual Decision Making
-Behavioural Economics II: Games and Markets
-Advanced Microeconomics
-Dissertation
-Macroeconomics (optional)
- Economics of Financial Markets (optional)
- Mathematical Methods (optional)
- Estimation and Interference in Econometrics (optional)
- Economic Development Theory (optional)
- Time Series Econometrics (optional)
- Panel Data Methods (optional)

Be a lab assistant

We want you to succeed in your career after Essex. To help you do this, we offer two of our students on this course the chance to undertake work experience as a lab assistant in ESSEXLab, our state-of-the-art social science lab at our Colchester Campus. ESSEXLab works with researchers from across the social sciences, from Essex, elsewhere in the UK, and abroad.

As a lab assistant, you help researchers access lab resources to plan and execute their experiments, giving you a full view of the experimental research process at ESSEXLab from start to finish.

Lab assistants will have the opportunity to participate in supporting a variety of studies, including studies in the lab, online studies, and studies conducted in the field via ESSEXLab Mobile, our iPad-based mobile social science laboratory.

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The course emphasises both theoretical foundations and real-world application in core and advanced areas of behavioural economics and the cognitive science of judgement and decision making. Read more
The course emphasises both theoretical foundations and real-world application in core and advanced areas of behavioural economics and the cognitive science of judgement and decision making.

The Economics Track is intended for those with an undergraduate degree in economics. Students attend a short pre-sessional maths and statistics course before the term starts and take modules in Econometrics and Microeconomics in Term 1.

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If you already have a strong background in Economics, this course will enable you to study the advanced and growing areas of behavioural economics and the cognitive science of judgement and decision-making. Read more
If you already have a strong background in Economics, this course will enable you to study the advanced and growing areas of behavioural economics and the cognitive science of judgement and decision-making.

The programme emphasises both the theoretical foundations and real-world applications, drawing together research expertise from the Departments of Psychology, Economics and Warwick Business School.

To help prepare you for success, we’ll enrol you on to a two-week Mathematics and Statistics pre-sessional programme. The course is the ideal preparation if you’re aiming to work in business environments (e.g. consumer-led industries and the financial sector) or are interested in public policy and its implementation. It also provides an excellent foundation if you are intending to undertake further postgraduate research.

Economics Track

The Economics Track is intended for those with an undergraduate degree in economics. Students attend a short pre-sessional maths and statistics course before the term starts and take modules in Econometrics and Microeconomics in Term 1.

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This programme is designed for economics graduates who would like to develop an understanding of the nature of the differing institutional settings of financial systems in various developed and developing countries. Read more
This programme is designed for economics graduates who would like to develop an understanding of the nature of the differing institutional settings of financial systems in various developed and developing countries.

Why this programme

◾You will develop tools to evaluate the problem of moral hazard in relation to international rescue operations and recognise factors that may lead to the emergence of banking and currency crises and other sources of serious economic instability.
◾You will be taught by leaders in the field, many of whom have worked with international and government organisations including the IMF, World Bank, UN, Commonwealth Secretariat, central banks and government organisations in developing countries.
◾The University of Glasgow Adam Smith Business School celebrates the legacy of Adam Smith by developing enlightened, enterprising and engaged graduates and internationally-recognised research with real social impact.

Programme structure

You will take three core courses, three optional courses and complete a substantial independent piece of work, normally in the form of a dissertation.

Core courses
◾Growth and development
◾Money, finance and growth
◾Financial institutions and markets in developing countries.

Optional courses
◾Aid and development
◾Basic econometrics
◾Behavioural economics: theory and applications
◾Development policy
◾Economics of inequality and deprivation
◾Environmental economics
◾Foreign direct investment and development
◾IMF, World Bank and economic growth
◾International finance and money
◾International macroeconomics and policy
◾International trade
◾Introduction to normative economics
◾Project planning, appraisal and implementation
◾The EU in international politics and development (Politics)
◾The law and economics of sovereign debt regulation.

Career prospects

This programme will prepare you for careers in teaching or research in the field of economic development or the areas covered in optional courses, working in economic development as a government official, or in international agencies or in other organisations concerned with economic development.

Our dedicated College of Social Sciences Employability Officer works with students to enhance their employability.

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The MSc Behavioural and Experimental Economics is a specialist research-training course in a rapidly expanding field of enquiry in which there are many important areas of theoretical dispute between economists. Read more
The MSc Behavioural and Experimental Economics is a specialist research-training course in a rapidly expanding field of enquiry in which there are many important areas of theoretical dispute between economists. You will receive intensive research-led training in advanced economic theory, econometrics and research methods.

You will benefit from the work undertaken at our Centre for Behavioural and Experimental Social Science (CBESS), whose computerised laboratory is dedicated to teaching and research in behavioural and experimental economics. UEA is one of a very small number of economics departments in the UK equipped to carry out such work.

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Explore the interesting intersection of psychology and economics. You’ll gain a deep, well-rounded understanding of human behaviour and learn how to predict it. Read more

Explore the interesting intersection of psychology and economics. You’ll gain a deep, well-rounded understanding of human behaviour and learn how to predict it.

This MSc enables you to delve deeply into the two inter-related disciplines of psychology and economics, in order to better explore, understand and predict the decisions people make.

Combining economic modelling with what psychology can tell us about individual behaviour and emotions you’ll learn to create highly accurate models for predicting human behaviour, which can then be used to empower behaviour change at both a micro and macro level.

This course is ideal if you are seeking to work in any area where understanding human decision-making is critical. This ranges from industry and healthcare, to developing new technologies or policies, and beyond.

The course has been designed from a truly interdisciplinary perspective, bringing together specialist teaching and expertise from both the Department of Psychology and Department of Economics.

You’ll work with expert, research-active, staff who’ll collaborate to deliver the content, give you exposure to the latest issues and trends, and links with employers, and ensure you gain the interdisciplinary insights that will set you apart in the jobs market.

You will leave this course with:

  • a deep, interdisciplinary, understanding of the psychological and economic science affecting human factors in decision-making
  • a thorough understanding of the modelling of human decision-making and the ability to integrate psychological science with this to create enriched models of choice behaviour
  • the ability to develop powerfully-predictive behavioural models based on a strong bedrock of theory from both psychology and economics
  • the ability to use models to deliver valid conclusions

This course is highly relevant if you have an economics or psychology background, or come from a background where modelling or understanding human behaviour is a key component, such as engineering or sociology.

Graduate prospects

Graduates with this level of interdisciplinary knowledge and skills are in high demand among employers, so you will be well placed to gain work in any field where a deep understanding of human behaviour is critical.

You could take your skills into government, banking or finance, healthcare, the third sector, economic regulation, human resources or executive management.

You could also take your studies further to doctoral level.

Course structure

This course lasts 1 year. Occasionally we make changes to our programmes in response to, for example, feedback from students, developments in research and the field of studies, and the requirements of accrediting bodies. You will be advised of any significant changes to the advertised programme, in accordance with our Terms and Conditions.

The course includes an online pre-sessional unit that will develop your understanding of theories and modelling in the field. This is not assessed.

Units

Compulsory course units

These compulsory units are currently being studied by our students, or are proposed new units.

Semester 1

  • Psychological and economical perspectives into decision-making
  • Statistical and mathematical modelling

Semester 2

  • Contemporary issues in the understanding of decision-making
  • Professional skills development

Summer

  • Contemporary issues in the understanding of decision-making

Learning and assessment

Learning

  • Lectures
  • Online resources
  • Practical sessions
  • Seminars
  • Tutorials
  • Workshops

Assessment

  • Coursework
  • Dissertation
  • Essay
  • Oral assessment
  • Portfolio
  • Other


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