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Behavioural Economics - MSc


Course Description

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.

Visit the Behavioural Economics - MSc page on the University of Essex website for more details!

Entry Requirements

A degree with an overall grade of 2.2. We accept a wide range of qualifications from applicants studying in the EU and other countries. Email for further details about the qualifications we accept. Include information in your email about the undergraduate qualification you have already completed or are currently taking. IELTS 6.0 overall with a minimum component score of 5.5

Email Enquiry

Recipient: University of Essex

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