University of Essex

University of Essex

Behavioural Economics

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. The course 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. The course is an ideal pathway to a subsequent PhD in experimental and behavioural economics. The course 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.

Entry requirements

Our applicants should have a 1st, 2.1 or high 2.2 degree in economics or a related discipline. (If your 1st 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 1st language, then we require IELTS 6.0 or equivalent.

Course modules

Core modules: Msc dissertation. Compulsory modules: Behavioural economics 1 (individual decision making); behavioural economics 2 (games and markets; game theory and applications); microeconomics. Options: Economic development theory; economics of financial markets; economics of incentives, contracts and the firm; macroeconomics; mathematical methods; political economy.

Assessment methods

Assessment methods include dissertation.

Qualifications

Qualification Study mode Start month Fee Course duration
MSc Full-time October 2016 GBP 9,950 per Year 1 (England) 12 months
MSc Full-time October 2016 GBP 15,500 per Year 1 (International) 12 months
MSc Full-time October 2016 GBP 9,950 per Year 1 (Northern Ireland) 12 months
MSc Full-time October 2016 GBP 9,950 per Year 1 (Scotland) 12 months
MSc Full-time October 2016 GBP 9,950 per Year 1 (Wales) 12 months
MSc Part-time October 2016 - 24 months

Campus details

Campus name Town Postcode Region Main campus Campus Partner
Colchester Campus Colchester CO4 3SQ South East

Get in touch

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Key information

Contact: 
Graduate Administrator
Telephone number: 
01206 872719