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MSc Economics - Specialisation Behavioral Economics

Course Description

Master's specialization in Behavioral Economics

'Behavioral Economics' is one of the specialized tracks of the Master's program in Economics.

Tilburg University is ranked #11 worldwide in Business and Economics (Times Higher Education, 2016).

Address economic questions around behavior and behavioral change

Many economic questions ultimately revolve around behavior and behavioral change.
•How to encourage households to waste less food?
•How to prevent fraud in organizations?
•How to stimulate employees to cooperate efficiently?
•How to foster trust in online markets?

The track ‘Behavioral Economics’ will provide you with the knowledge and skills to effectively address such questions.

Integrate insights from economics and psychology

The specialization track integrates insights from economics and psychology. It builds on the principle that policy advice should be evidence-based and cannot rely on theory alone. The starting point is that individuals are not rational self-interested maximizers but that human behavior is based on a bounded capacity to process information and on preferences that include a regard for such social norms as fairness and reciprocity.

Learn how to affect behavior by policies and strategies

In recent years it has become increasingly clear to firms, organizations, and governments that policies and strategies should take account of both the economics and the psychology of behavior. There is an urgent need for economists who have been trained to take a broader view, who have a profound knowledge of all relevant aspects of behavior and the ways it can be affected by policies and strategies.

Key courses:

•Seminar Economics and Psychology of Risk and Time
•Seminar Economics and Psychology of Social Norms and Strategic Behavior
•Methods course Experiments and Surveys

Career perspectives

This track is recommended to students who want to work in consultancy, policy advice and project management. The insights from behavioral economics are in high demand at financial institutions, insurance companies, multinational enterprises, as well as in regional and national government.

Visit the MSc Economics - Specialisation Behavioral Economics page on the Tilburg University website for more details!

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Student Profiles

Partner scholarship - No. of awards TBC

Tilburg School of Economics and Management (TiSEM) maintains and fosters mutually beneficial partnerships with leading institutions around the world. The TiSEM Partner Scholarship creates opportunities for talented students from our partner universities who would like to study at TiSEM for their Master’s degree.https://www.tilburguniversity.edu/education/masters-programmes/tuition-fees-scholarships/tisem-partner-scholarships.htm

Value of Scholarship(s)

For 2017/2018 the scholarship has a value of € 3.500


Students with a non-EU/EEA nationality who completed a relevant Bachelor’s degree at one of TiSEM’s non-EU partner institutions as listed on our website and who wish to enroll in one of the 1-year Master’s programs at the Tilburg School of Economics and Management for the academic year 2017/2018. https://www.tilburguniversity.edu/education/masters-programmes/tuition-fees-scholarships/tisem-partner-scholarships.htm

Application Procedure


Further Information


Entry Requirements

A Bachelor’s degree in Economics/similar program (e.g., in Econometrics) from a university recognized by the program management.. A solid academic background in economics, especially: Macroeconomics (minimum 12 ECTS), Microeconomics (minimum 12 ECTS), Game Theory (minimum 6 ECTS), Mathematics (minimum 12 ECTS), Econometrics / Statistics (minimum 12 ECTS) and at least 2 applied Economics courses (in total minimum 12 ECTS). View Website

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Recipient: Tilburg University

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