Behavioural economics is one of the fastest growing areas in economics in recent years with wide-reaching impact beyond academia. Investigating the human and social factors influencing decisions made by consumers, borrowers and investors, insights from behavioural economics inform business and public policy alike. Our new MSc Behavioural Economics provides the opportunity to gain in-depth expert training in this fascinating field.
At the heart of the course are two modules in Behavioural Economics. The first module, Behavioural Economics I: Individual Decisions, focuses on individual decisions and studies how economic considerations, cognitive limitations and psychology jointly shape human decision making. Thus it offers a theoretical framework and empirical predictions for environments where traditional theory fails to provide guidance. The second module, Behavioural Economics II: Games and Markets, takes this agenda further and examines implications for markets and strategic interactions.
Our MSc Behavioural Economics will familiarise you with a diverse set of tools and methods, which provide the foundation for work in this area. The recent creation of ESSEXLab, a unique facility designed to run interactive social science experiments, offers exciting opportunities for students interested in behavioural economics. There is a lot of exciting behavioural and experimental research going on at Essex and students can collaborate with researchers in using the lab. The course is an ideal pathway to a subsequent PhD in experimental and behavioural economics.
Our MSc Behavioural Economics provides specialised training for students intending to work in business environments as well as for those concerned with public policy and its implementation. 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 (eg retail and financial), government and academia.
Why study MSc Behavioural Economics at Essex?
Our Department of Economics maintains a world-class reputation for our outstanding quality research and teaching. We were ranked joint third in the UK in the most recent Research Assessment Exercise (RAE, December 2008), reflecting our well-established reputation for excellence. Many of our staff, who are world renowned experts in their fields, have been elected to leadership roles in learned societies and have been editors of leading economics journals.
Essex economists are engaged in a variety of research networks and collaborate with economists at other universities in the UK and overseas. Much of our research is related to policy and we often provide advice to government and non-government organisations. The top quality of our work is reflected in our stream of publications in high profile academic journals like American Economic Review, Econometrica and Review of Economic Studies.
Successful applicants to our new Masters courses are eligible for £1,000 scholarships, awarded based on merit, find out more: http://www.essex.ac.uk/economics/study/scholarships/masters-scholarships.aspx
Our applicants should have an Upper Second Class Honours degree in economics or a related discipline. (If your first degree is not in economics, or your economics training does not provide sufficient technical expertise for direct entry to an MSc, then we have a full-time Diploma)If English is not your first language, then we require IELTS 6.5 or equivalent.