behavioral economics phd uk

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Behavioural Economics

Self-funded

Project code

ECFN4601020

Start dates

February and October

Application deadline

Applications accepted all year round

Applications are invited for a self-funded, 3 year full-time or 6 year part-time PhD project, to commence in October or February.

The PhD will be based in the Faculty of Business and Law and will be supervised by Dr Wolfgang Luhan , Dr Zahra Murad  and Dr Federica Alberti .

The Faculty of Business and Law offers funding to attend conferences (currently £550), training (currently £450), and a work-based placement (currently a maximum of £3,000 tied up to the period of 12 weeks).

The work on this project will involve:

• research design and project management
• theoretical modelling
• experimental design and implementation
• quantitative data analysis – econometrics and non-parametric inference tests

We are an active group of behavioural economists offering various projects for, or as basis of, Ph.D. thesis. Our research extends the standard economic models by looking at how psychological, emotional and social factors affect economic decision-making.

We are currently looking for Ph.D. candidates to work on the following topics:

1. Negotiations and Climate Change

The international community has set a target of keeping global warming below 1.5 C. The EU has outlined a vision of reducing global emissions by at least 60% below 2010 by 2050. Objectives and visions are of little use without a clear way forward and the progress made has been disappointing. So far, a global, enforcement agreement has proven elusive. (For example, the Paris Agreement falls short of requirements as proven by the US walking away from the agreement.) The project will focus provide insight into why a climate change agreement is difficult to achieve using game theory and behavioural economics. This, in turn, may provide insight into how to overcome such difficulties.

2. Can Behavioural Economics help to tackle Climate Change?

How to accommodate human behaviour to help prevent climate change? Adequate answers require a deep understanding of human-decision making in a wide range of domains including energy use, consumption of goods, and mobility choices. The project will focus on behavioural and environmental economics to explore environmental consumer and firm behaviours related to climate change.

3. The effect of biases on economic decision-making

Psychological literature has identified numerous biases that determine economic decisions. In most situations, people do not behave in the rational manner economic theories would predict. Prominent examples include the status-quo bias, overconfidence, bandwagon effect, confirmation bias, in-group/out-group bias and framing. The project will look at how cognitive bias(es) affect certain economic decisions and how de-biasing techniques may work to arrive at optimal decisions.

4. Decision-Making for others

A recent strand of literature considers decision making for others focusing on the question whether people would make similar or different decisions for others as for themselves. This form of decision making for others is not incorporated in standard economics models but is well included in every day decision-making environments (parents, brokers, managers, policy makers). This project aims to systematically identify and analyse economic situations in which existing theoretical models as well as related empirical results predict differences in behaviour between decisions taken for oneself and for others.

Fees and funding

Visit the research subject area page for fees and funding information for this project.

Funding availability: Self-funded PhD students only. 

PhD full-time and part-time courses are eligible for the UK  Government Doctoral Loan  (UK and EU students only – eligibility criteria apply).

Some PhD projects may include additional fees – known as bench fees – for equipment and other consumables, and these will be added to your standard tuition fee. Speak to the supervisory team during your interview about any additional fees you may have to pay. Please note, bench fees are not eligible for discounts and are non-refundable.

Entry Requirements

General admissions.

You'll need a good first degree from an internationally recognized university (minimum upper second class or equivalent, depending on your chosen course) or a Master’s degree in economics or a related relevant area. In exceptional cases, we may consider equivalent professional experience and/or Qualifications. English language proficiency at a minimum of IELTS band 6.5 with no component score below 6.0.

Specific Admissions

We welcome applications from highly motivated prospective students with a background in behavioural sciences (e.g. economics, psychology and other relevant disciplines). A familiarity with behavioural theory, game theory, econometrics and experimental methods is desirable, familiarity with at least one of these is essential. We encourage prospective students to design their own research strategies depending on their interest and core skills.

We encourage you to contact Dr Zahra Murad ( [email protected] ) to discuss your interest before you apply, quoting the project code.

When you are ready to apply, please follow the 'Apply now' link on the Economics PhD subject area page and select the link for the relevant intake. Make sure you submit a personal statement, proof of your degrees and grades, details of two referees, proof of your English language proficiency and an up-to-date CV. Our ‘ How to Apply ’ page offers further guidance on the PhD application process. 

When applying please quote project code: ECFN4601020

BEHAVIOURAL ECONOMICS

Behavioural economics is a blend of traditional neoclassical microeconomics and empirically motivated assumptions whose goal is a better understanding of economic behaviour. It can be divided into behavioural decision theory and behavioural game theory. Each subfield differs from its mainstream counterpart by paying particular attention to the psychological realism of behavioural assumptions and their consistency with empirical evidence. The goal is to identify empirically important deviations from traditional assumptions, use the alternative assumptions the evidence suggests to build tractable formal models, and use the models to reconsider standard microeconomic questions.

The research group holds regular seminars in conjunction with the Centre for Experimental Social Sciences (CESS) at Nuffield College.

For further information on CESS

The Nuffield Economic Theory seminars also periodically have speakers whose orientation is "behavioural".

Featured Publications

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We have 2 behavioral economics PhD Projects, Programmes & Scholarships

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behavioral economics PhD Projects, Programmes & Scholarships

Investigating the mechanisms underlying trust and reciprocity in economic interactions, phd research project.

PhD Research Projects are advertised opportunities to examine a pre-defined topic or answer a stated research question. Some projects may also provide scope for you to propose your own ideas and approaches.

Competition Funded PhD Project (European/UK Students Only)

This project is in competition for funding with other projects. Usually the project which receives the best applicant will be successful. Unsuccessful projects may still go ahead as self-funded opportunities.

Sustainability Ph.D.

Funded phd project (students worldwide).

This project has funding attached, subject to eligibility criteria. Applications for the project are welcome from all suitably qualified candidates, but its funding may be restricted to a limited set of nationalities. You should check the project and department details for more information.

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Experimental & Behavioural Economics

Cambridge Experimental & Behavioural Economics Group

CEBEG is an interdisciplinary research group which brings together researchers and PhD students interested in experimental and behavioural economics.

The Cambridge Experimental and Behavioural Economics Group (CEBEG) is a research group established to facilitate and advance experimental research in economics and management at the University of Cambridge.

Apart from bringing together researchers who are interested in experimental research in the social sciences arena, CEBEG provides an experimental laboratory and a subject pool database for University members. CEBEG is part of Cambridge Judge Business School.

Features of CEBEG

• Lab space with 21 computers. The Lab is equipped with wristbands to measure physical reactions, an emotion recognition software, and z-Tree, a software to build economics experiments. Researchers can run both standalone and networked experiments, and those involving personal interaction or team work.
• A participant pool of over 1,500 members mostly comprised of University of Cambridge students. Invitations for experiments can be sent to the entire participant pool or can be targeted based on gender, age, and other characteristics.
• An online registration system that enables researchers and participants to conveniently schedule and sign up for experiments.
• Regular workshops and other interdisciplinary platforms to exchange knowledge on social science experiments.

Participate in an experiment

CEBEG carries out a number of exciting experiments throughout the year and we always need new volunteers. It is not only fun and a good learning experience to participate in experiments, you also get an average pay of £10 per hour.

Conduct research

Part of Cambridge Judge Business School, CEBEG provides an experimental laboratory and a subject pool database for members of the University of Cambridge who wish to conduct experimental research in economics and management.

Lab resources

The Experimental Lab Manager can provide advice on running online experiments. Contact the Experimental Lab Manager  to discuss resources for creating simple surveys or more complex experiments that allow group interaction.

[email protected]

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Behavioural and Experimental Economics MSc

The Behavioural and Experimental Economics MSc provides you with advanced training in core areas of economics. You'll acquire specialist knowledge in behavioural economic theory and experimental methods in economics.

You are currently viewing course information for entry year:

Start date(s):

• September 2025

You will learn how psychological foundations of behaviour are integrated in recent economic theory. These foundations shape policy making in areas such as public health and environmental protection.

You will gain understanding of experimental methods in economics through classroom experiments.

You can tailor your degree by choosing from a range of optional modules.

The MSc dissertation will give you the opportunity to apply your insights and design your own experiment. Our knowledgeable academics will offer support and guidance throughout your studies.

Upon graduating, you will have developed the skills necessary to excel in your career. These skills can lead to roles including a professional economist, policy maker or academic researcher.

In addition to the MSc Behavioural and Experimental Economics, we also offer the following courses for candidates with a substantial background in Economics (undergraduate degree in Economics or equivalent):

• MSc Economics
• MSc Economics & Data Science

We offer the following course for candidates without a background in Economics:

• MSc Economics and Finance

Important information

We've highlighted important information about your course. Please take note of any deadlines.

Please rest assured we make all reasonable efforts to provide you with the programmes, services and facilities described. However, it may be necessary to make changes due to significant disruption, for example in response to Covid-19.

View our  Academic experience page , which gives information about your Newcastle University study experience for the academic year 2024-25.

See our  terms and conditions and student complaints information , which gives details of circumstances that may lead to changes to programmes, modules or University services.

Related courses

What you'll learn.

Gain advanced skills in economic theory at Newcastle University. You'll also learn quantitative methods in econometrics and mathematical economics.

You will learn the theory, analytical tools and data analysis methods to help solve a variety of real-world economic problems. You'll gain understanding of specialist software packages in high demand by employers.

Tackle advanced topics of microeconomics and macroeconomics that maximises skill and knowledge. You'll also develop soft skills essential for any sector.

You will study modules on this course. A module is a unit of a course with its own approved aims and outcomes and assessment methods.

Module information is intended to provide an example of what you will study.

Our teaching is informed by research. Course content changes periodically to reflect developments in the discipline, the requirements of external bodies and partners, and student feedback.

Full details of the modules on offer will be published through the Programme Regulations and Specifications ahead of each academic year. This usually happens in May.

To find out more please see our terms and conditions .

Optional modules availability

Some courses have optional modules. Student demand for optional modules may affect availability.

How you'll learn

We will teach you through a variety of methods, including:

• computer classes

This Master’s degree offers you a stimulating curriculum and a supportive learning environment. Canvas, a virtual learning environment, will support you and allow you to:

• access your courses and groups
• receive notifications and messages
• submit your assignments

The Newcastle Experimental and Behavioural Economics Lab provides a practical environment where you can apply theoretical concepts, engage with real-world data, and utilise advanced analytical tools.

Depending on your modules, you'll be assessed through a combination of:

• Problem-solving exercises
• Written examination
• Written exercise

Your teaching and learning is also supported by Canvas. Canvas is a Virtual Learning Environment. You'll use Canvas to submit your assignments and access your:

• module handbooks
• course materials
• course announcements and notifications
• written feedback

Throughout your studies, you’ll have access to support from:

• personal tutors
• our University Student Services Team
• student representatives

You'll also be assigned an academic member of staff. They will be your personal tutor throughout your time with us. They can help with academic and personal issues.

Our economics staff are specialists in their field. They have international research reputations and consult for major global organisations. They are often asked to give academic insight on a wide variety of topics.

View the profiles of module leaders for this course:

• Dr Melanie Parravano Baro
• Dr Matt Walker
• Dr Till Weber

Your development

Professional skills.

You will apply economic theory to real world problems via stimulating lectures taught by specialists in the area. Learning will be critical of current research ideas and topics.

Research skills

Adding further knowledge of your topic area to your dissertation will show your research skills.

Skills and experience

You will learn the theory, analytical tools and data to help find solutions to deal with a wide variety of real-world economic problems.

You will also develop soft skills essential for employment in any sector.

Your future

On graduating, you will have acquired a wide range of attributes sought after by employers. This includes:

• analytical thinking
• argument formulation
• critical thinking
• problem solving
• data analysis
• communication
• independent learning and research

The MSc Behavioural and Experimental Economics degree is a competitive qualification. It is a route that can lead to high salaries and prospects. The programme will prepare you for jobs in different sectors, such as:

• the government
• the private sector
• central banking
• international organisations
• universities

Graduates could achieve job roles such as:

• data scientists
• statisticians
• market researchers
• policy analysts
• consultants

Our Careers Service

Our award-winning Careers Service is one of the largest and best in the country, and we have strong links with employers. We provide an extensive range of opportunities to all students through our ncl+ initiative.

Visit our Careers Service website

Quality and ranking

All professional accreditations are reviewed regularly by their professional body

From 1 January 2021 there is an update to the way professional qualifications are recognised by countries outside of the UK

Check the government’s website for more information .

Newcastle University Business School is one of the largest Schools in the University. We have over 3,500 students representing over 80 nationalities. This valuable network extends beyond our current students to include:

• regional, national and international leaders
• over 34,000 alumni in our network, spanning over 150 countries
• leading professionals and practitioners from industry
• The Business School is the gateway to Newcastle Helix - an innovation hub and community that brings together industry leaders, businesses and top researchers.

Our facilities include:

• flexible conference room with panoramic views across the city
• Wi-Fi enabled connectivity throughout the building, including three computer clusters housing over 120 PCs
• four large lecture theatres and over 25 seminar and teaching spaces, providing comfortable teaching and group study space
• dedicated Student Hub and Quiet Space, providing a balanced mix of study space for group work or quiet, individual study
• contemporary café
• employability hub to support your career aspirations
• Bloomberg Room to give you a real feel for the trading room floor

The  Frederick Douglass Centre at Newcastle Helix also offers further study and learning spaces. This includes a 750 seat auditorium – the largest in the University.

Newcastle Experimental and Behavioural Economics Lab

Students on this programme will make extensive use of the Newcastle Experimental and Behavioural Economics Lab . This state-of-the-art research facility is used for conducting studies in experimental economics and economic psychology. It allows for testing economic theory, measuring preferences, and pre-testing policy interventions.

The lab has 36 participant workstations with privacy screens and two experimenter workstations. A full suite of experimental software packages are available.

Find out more about Newcastle University Business School

Fees and funding

Tuition fees for 2025 entry (per year).

As a general principle, you should expect the tuition fee to increase in each subsequent academic year of your course, subject to government regulations on fee increases and in line with inflation.

Depending on your residency history, if you’re a student from the EU, other EEA or a Swiss national, with settled or pre-settled status under the EU Settlement Scheme, you’ll normally pay the ‘Home’ tuition fee rate and may be eligible for Student Finance England support.

EU students without settled or pre-settled status will normally be charged fees at the ‘International’ rate and will not be eligible for Student Finance England support.

If you are unsure of your fee status, check out the latest guidance here .

Scholarships

We support our EU and international students by providing a generous range of Vice-Chancellor's automatic and merit-based scholarships. See  our   searchable postgraduate funding page  for more information.  

What you're paying for

Tuition fees include the costs of:

• matriculation
• registration
• tuition (or supervision)
• library access
• examination
• re-examination

Find out more about:

• living costs
• tuition fees

If you are an international student or a student from the EU, EEA or Switzerland and you need a visa to study in the UK, you may have to pay a deposit.

You can check this in the How to apply section .

If you're applying for funding, always check the funding application deadline. This deadline may be earlier than the application deadline for your course.

For some funding schemes, you need to have received an offer of a place on a course before you can apply for the funding.

Search for funding

Find funding available for your course

Entry requirements

The entrance requirements below apply to 2025 entry.

Qualifications from outside the UK

English language requirements, admissions policy.

This policy applies to all undergraduate and postgraduate admissions at Newcastle University. It is intended to provide information about our admissions policies and procedures to applicants and potential applicants, to their advisors and family members, and to staff of the University.

Download our admissions policy (PDF: 201KB) Other policies related to admissions

Credit transfer and Recognition of Prior Learning

Recognition of Prior Learning (RPL) can allow you to convert existing relevant university-level knowledge, skills and experience into credits towards a qualification. Find out more about the RPL policy which may apply to this course

• How to apply

Using the application portal

The application portal has instructions to guide you through your application. It will tell you what documents you need and how to upload them.

You can choose to start your application, save your details and come back to complete it later.

If you’re ready, you can select Apply Online and you’ll be taken directly to the application portal.

Alternatively you can find out more about applying on our applications and offers pages .

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Find out about how you can visit Newcastle in person and virtually

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Visit our events calendar for the latest events

• Get in touch

Questions about this course?

If you have specific questions about this course you can contact:

Dr Till Weber  - Degree Programme Director Newcastle University Business School Telephone: +44 (0) 191 208 2802 Contact Newcastle University Business School

For more general enquiries you could also complete our online enquiry form.

Fill in our enquiry form

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You'll find our Ncl chatbot in the bottom right of this page.

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• How You'll Learn
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Postgraduate Taught

MSc Economics: Behavioural Insights

• Postgraduate Taught home
• Economics: Behavioural Insights MSc

Masters applications for 2023 entry are now closed.

Applications for September 2024 will open on Monday 25 September. Applications are now open for programmes with a January 2024 start. View our programmes »

• Human behaviours underpin every big and small decision we make. Understanding our behaviours and biases is therefore vital if you want to make an impact on the world around us.
• Our unique MSc Economics: Behavioural Insights equips you with knowledge and skills to holistically tackle real world problems using behavioural economics and empirical methods.
• Combining both rational economic thinking and behavioural insights, you will learn how to optimally design policies, products, solutions, and interventions for a world prone to human biases.
• Our very large and diverse team of researchers have previously worked with government, industry, major international organisations, as well as behavioural insight teams around the world.
• You will have the unique opportunity to develop and propose behavioural economic solutions for real world organisations and receive guidance from expert researchers and practitioners.

Apply online

View 2024 Entry

Fast Track (current Exeter students)

Open days and visiting us

Get a prospectus

Programme Director:   Dr Edwin Ip

Web: Enquire online

Phone: +44 (0)1392 72 72 72

Business School of the Year

Times Higher Education Awards 2022

Triple accredited Business School

AMBA, AACSB, EQUIS

Receive personal guidance and support from an expert behavioural economist

You will be assigned a behavioural economist as your personal academic tutor

Home to one of the largest groups of behavioural economics researchers and practitioners

Entry requirements

Minimum 2:1 degree with honours in a quantitative discipline (e.g. economics, mathematics, statistics, physical sciences, engineering, computer science, finance). We also consider strong students from disciplines that have quantitative components (e.g. a quantitative social science, psychology, geography, life sciences, accounting, management) as well as medicine intercalators. Evidence of quantitative ability is required.

We do consider all applications where there is evidence of exceptional performance in modules relevant to the programme of study, significant relevant work experience or professional qualifications.

Prerequisites

In order to apply for the MSc Economics, you must be at least familiar with basic algebra, calculus, probability and statistics. Quantitative skills are especially important for those without prior Economics studies.

Note: A Level mathematics (or equivalent) may be acceptable as a minimum requirement, but if admitted, you will be encouraged to undertake some additional self-guided study prior to the start of the programme.

Entry requirements for international students

Please visit our entry requirements section for equivalencies from your country and further information on English language requirements .

English language requirements

International students need to show they have the required level of English language to study this course. The required test scores for this course fall under Profile B2 . Please visit our English language requirements page to view the required test scores and equivalencies from your country.

Course content

This programme is available for study 12 months full-time over three terms and is University-based throughout this time. The taught components of the programme are delivered in the first two terms, leaving the third term and most of the summer to research, write and submit your dissertation. The programme in its entirety runs from September to September.

The modules we outline here provide examples of what you can expect to learn on this degree course based on recent academic teaching. The precise modules available to you in future years may vary depending on staff availability and research interests, new topics of study, timetabling and student demand.

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

Compulsory modules

Choose 150 credits of compulsory modules

Optional modules

Choose 30 credits of options

2023/24 entry

Uk fees per year:.

£14,300 full-time

International fees per year:

£25,600 full-time

Scholarships

For more information on scholarships, please visit our scholarships and bursaries page.

*Selected programmes only. Please see the Terms and Conditions for each scheme for further details.

Find out more about tuition fees and funding »

Teaching and research

In addition to lectures, seminars and tutorials that help you build technical and practical skills, our learning activities are designed to help consolidate your knowledge and skills as well as to help you apply them to real world problems.

You will also be assigned one of our expert behavioural economists as your personal academic tutor who will offer you support and advice over the course of your study.

Other activities include special events where prominent economists and behavioural insights practitioners are invited to inspire you with cutting-edge topics and developments in economics and behavioural insights.

Moreover, our MSc students are invited to attend our departmental seminars, where leading economists from around the world disseminate latest research in different fields of economics.

By joining us, you will become part of Exeter's proud tradition in behavioural economics. University of Exeter hosts the prestigious Exeter Prize, the premier international award for new behavioural economics research. In addition, the Department of Economics boasts one of the largest groups of behavioural economists. Our diverse team of researchers have previously worked with government, industry, major international organisations, as well as behavioural insight teams around the world.

Research-led teaching

University of Exeter Business School research was rated as world-leading or internationally excellent in the Research Excellence Framework (REF) 2021 .

We believe every student benefits from being taught by experts active in research and practice. You will discuss the very latest ideas, research discoveries and new technologies in seminars and in the field. All our academic staff are active in internationally recognised scientific research across a wide range of topics.

Our programmes are designed to be flexible, whilst also giving you the opportunity to specialise if you wish. You will explore not only traditional economic models, but the latest application of economy theory including behavioural and experimental economics, giving you course content that is world relevant.

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.

Economics research

We are a research-intensive faculty, and our world-leading research is actively shaping the world around us, and we combine this with innovative teaching techniques, unique to our Business School. You can also participate in experiments contributing to this cutting-edge research through our state-of-the-art research laboratory FEELE (Finance and Economics Experimental Laboratory at Exeter).

You will be taught by internationally respected academics who are at the forefront of their research. We draw upon disciplines across the social sciences and give emphasis to the dynamic nature of enterprise, global connectivity and the management and leadership of the global challenges that lie ahead.

The Business School is home to the following research centres:

• Centre for Entrepreneurship
• Centre for Excellence in Teaching and Learning
• Centre for Simulation, Analytics and Modelling (CSAM)
• Exeter Centre for Social Networks (ECSN)
• Exeter Centre for Leadership ( ExCL )  
• Exeter Sustainable Finance Centre (ESF)
• Initiative in the Digital Economy at Exeter (INDEX)  
• Land, Environment, Economics and Policy Institute (LEEP)  
• Research Methods Centre  
• Tax Administration Research Centre (TARC)  
• The Exeter Centre for Circular Economy (ECCE)  

The unique combination of rigorous training in Economics and specialist skills in Behavioural Insights makes you an extremely attractive job candidate in a variety of roles across different industries.

Not only will you have the technical and analytical thinking skills of an economist, your deep understanding of human behaviours will also take your ability to influence others to the next level. What’s more, you will gain real experience and add to your portfolio of work through our innovative Applied Behavioural Project, which you can demonstrate to your future employers.

Behavioural insights teams are now common in governments worldwide, big banks and corporations, international organisations such as the United Nations, OECD and the World Bank, as well as numerous consultancies. 

Behavioural insight specialists are also highly sought after in marketing, advertising, consumer analytics and product design. This brand-new, premier programme will be one of the first to train you specifically for such in-demand jobs and help you launch an exciting and fulfilling career, guided by experts and practitioners in the field.

As with our MSc Economics, your training will come with many transferrable skills desired by any employers, such as critical thinking, analytical thinking, statistical skills, project management, team-working and communication skills. This programme will make you a valuable asset for any organisations from the start of your career.

Our Careers & Employability team will help you identify your career path and support your route to a fulfilling global career.

Developing your skills and career prospects

The University of Exeter Business School provides a range of support to help you develop skills attractive to employers. Visit our postgraduate   Business School careers service  web page for more information.

Enhance your degree with Study Abroad opportunities

Qtem programme*.

After your first year of studies at Exeter, you can progress onto the QTEM Programme . QTEM aims to prepare students with excellent quantitative and analytical skills to support their future careers as decision makers leading the global business environment.

If you are accepted onto the QTEM Programme, you will spend an additional semester studying at one of the prestigious academic partners. This will be followed by a quantitatively focussed internship and participation in the  QTEM Data Challenge which includes online data science and leadership courses as well real data analysis.

Students will be selected and nominated to QTEM by the University of Exeter Business School following a competitive internal application process. Places are limited so we recommend you register your interest before applying for your Masters.

*Open to high achieving students enrolled in the following University of Exeter Business School programmes: MSc Financial Analysis and Fund Management , MSc Finance and Investment , MSc Economics , MSc Financial Economics , and MSc Business Analytics . 

For more information on QTEM and Double Degrees and other postgraduate study abroad opportunities, visit the Business School’s Study Abroad webpages .

Related courses

Economics msc.

Streatham Campus

Economics: Development Economics MSc

Financial economics msc, money, banking and finance msc.

View all Economics courses

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Module details

Behavioural Economics and the Modern Economy

Uncover the psychology that drives human decision-making and make better decisions of your own

Key details

• Programme type On campus open programme
• Location On campus
• Start date 9 Jun 2025   -   Open
• Duration 1 week, full-time
• Department Department of Economics

Programme content

Who attends, fees and entry requirements.

Understand the psychology that underpins economic decision-making.

What’s behind financial anomalies? What drives customer behaviours? How does human decision-making influence economic outcomes? This ground-breaking programme unpacks the complexities of behavioural economics to give you deep insight and understanding of the human psychology – the biases and heuristics that shape our decisions, our behaviours and our markets. You emerge with the insights, tools and frameworks to accelerate your own decision-making, to positively influence outcomes and drive results for your organisation.

An intensive, empowering learning experience for you. Strategic impact for your organisation.  

Participant Experience | Behavioural Economics and the Modern Economy

About LSE Executive Education

Key topics:

• Behavioural economics and implications for finance: Explore the key issues around trade, insurance and risk perception.
• Planning over time: Dig deep into issues such as procrastination, credit markets, housing, saving and retirement. 
• Limited social rationality:  Discover winner’s curse, social learning, defensive medicine. 
• Libertarian paternalism and nudges: Look at strategies for influencing people’s behaviour and decisions while respecting free will.

How you learn

Behavioural Economics and the Modern Economy is an intensive, five-day learning experience that expertly integrates academic theory and hands-on, practical business application of the concepts and ideas explored. The programme brings together executives and decision-makers from diverse sectors, organisations and geographies at the LSE campus in central London. Together you will explore the concepts using contemporary case studies, group work discussion and highly interactive sessions with faculty. You also benefit from supported networking sessions each day to help you build out your global business connections. The programme is led by LSE faculty, world experts in behavioural economics, psychology and economics, public finance and health economics and behavioural game theory.

View the provisional programme timetable below:

Join our mailing list

Sign up to get more information about Behavioural Economics and the Modern Economy

This programme is designed for:

• Executives who want a better understanding of customer behaviour through the application of behavioural economic theory.
• Professionals who want to learn how to implement nudging and decision architecture strategies in the real world, though better understanding of human decision-making.
• Professionals working in financial markets looking for a grounding in behavioural economics to make sense of market anomalies.

“I have really appreciated immersing myself in these topics over the week, to learn more about the concepts, but also to really see where they fit within my business and within financial services in general."

Aisling Bradfield Head of Behavioural Science, Score Global Life

At LSE, we understand the complex interconnectedness of the challenges facing our world. As Europe’s foremost social science university, we know that it is only by managing this interconnectedness that you can secure sustainability and success in business. All of our world-class programmes for leaders leverage the fullest benefits of our renowned, interdisciplinary expertise – the psychology, the finance, the economic dimensions, and the interplay between them that underscores global business. You emerge with the fully rounded understanding, the integrated mindset and the leading-edge strategic tools to navigate complexity and spearhead meaningful change.  

The programme is taught by world experts in behavioural economics.  

Professor Nava Ashraf

Professor of Economics at LSE, and Director of Research of the Marshall Institute for Philanthropy and Social Entrepreneurship

Dr Matthew Levy

Lecturer in Economics

Dr Kristóf Madarász

Associate Professor in Managerial Economics and Strategy

Department overview

The Department of Economics at LSE is globally acknowledged to be one of largest and best departments in the world. Almost every major intellectual development within Economics over the past fifty years has had input from members of the department, which counts ten Nobel Prize winners among its current and former staff and students.

Tuition fee: £7,450

This covers all tuition, course materials, daily lunches and networking events. You will receive an LSE certificate of completion at the end of the course.

Entry requirements

All LSE executive education participants are required to have:

• Fluency in English, proficiency level or working knowledge of the language is essential.
• A good undergraduate degree or significant work experience in a relevant role(s).
• Minimum five years’ professional experience. Typically our participants have more than ten years’ work experience, but we will consider those with less experience who have enjoyed an accelerated career path to a senior level.
• Basic knowledge of microeconomics.

Check out our FAQs for more information

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Behavioural Economics MSc

• Full-time: 12 months
• Part-time: Not available
• Start date: September 2025
• UK fees: £15,800
• International fees: £28,200
• Entry requirements: 2:1

Course overview

Our Behavioural Economics MSc combines the study of advanced economics topics together with a focus on the human and social issues influencing the decisions made by consumers, borrowers and investors. It combines insights from economics and psychology to understand how people make decisions.

This course is informed by the world-leading research of the Centre for Decision Research and Experimental Economics (CeDEx). Behavioural science research is increasingly used by public and private sector organisations to improve organisational performance and enhance human and environmental welfare. You will learn about the experimental methods used by our researchers and have the opportunity to design and conduct a pilot experiment.

In the second semester of your programme you will tailored to your career aspirations and interests, including “Experimental Methods in Economics” and “Behavioural Economic Theory”. You will also focus in depth on behavioural economics when you work on your dissertation, for which we offer one-to-one supervision from a member of the CeDEx research group.

With an advanced economics degree from the University of Nottingham, you will graduate with all the knowledge, practical skills and confidence you need to stand out to employers and progress as a professional economist or academic researcher.

Our graduates have successfully secured positions at top organisations such as Barclays, Bloomberg, Deloitte, Economist Intelligence Unit, Goldman Sachs, IBM, PwC, and Thomson Reuters. 

Why choose this course?

2nd in the world.

in the field of cognitive and behavioural economics

Top institutions in the field of cognitive and behavioural economics rankings 2024

Attend workshops

run by CeDEx , which feature speakers from across the world

One-to-one supervision

by a faculty member for your dissertation

Earn two degrees

with the opportunity to transfer to our dual degree , spending a second year in Germany

Gain real experience

by applying for internships and placements through our faculty placements programme

Top 100 worldwide

for economics

QS World University Rankings by Subject 2024

Course content

The course is made up of 120 credits of core and optional taught modules, plus a 60-credit dissertation on a subject of your choice.

Semester one

In semester one, you will take modules in microeconomic theory, macroeconomic theory, econometric theory and economic data analysis. In the first two weeks we also provide a refresher course on mathematics and statistics.

Semester two

In semester two, you will take two further required modules in behavioural economic theory and experimental methods in economics, and choose two optional modules. You will also start work on your dissertation by taking a module in economic research methodology.

• Dissertation

After completing your semester two modules, you will undertake an in-depth dissertation, with one-to-one support from an expert academic supervisor. This will demonstrate familiarity with a particular area of behavioural economics.

• Course structure

Core modules

The module explores the psychological underpinnings of economic behaviour and of recent theories in behavioural economics. Topics covered include:

• Introduction to behavioural economics
• Choice and risk
• Reference-dependence and loss aversion
• Choice and time
• Social preferences I: inequality aversion
• Social preferences II: reciprocity and psychological games
• Models of strategic thinking

This module covers the following:

• Foundation in the research method of modern laboratory experimentation
• Economics as an experimental subject
• Rationale for experiments, applications and practicalities, considered in the context of specific experiments and programmes of experiments

This module covers:

• modern techniques of microeconomic theory
• foundations and applications of game theory
• information economics

This module will cover analytical and theoretical issues in macroeconomics including:

• modelling aggregate variables under adaptive and rational expectations
• modelling with imperfect competition
• constructing overlapping generations models
• price inertia

This module teaches the core techniques of econometric theory, including:

• detailed analysis of the multiple linear regression model
• large sample theory
• asymptotic testing procedures
• non-linear techniques
• mis-specification testing

This module provides you with 'hands on' training in the use, presentation and interpretation of economic data, including time series, cross-section and panel data. It comprises of:

• an introduction to basic principles of economic data analysis
• descriptive statistics
• hypothesis testing
• simple and multiple regression
• introduction to panel data
• introduction to dynamic modelling
• time series models

The module will include a series of practical classes using econometrics software packages.

• A review of perspectives on the principles and philosophical foundations of economic enquiry
• The construction and evaluation of theories and research programmes
• The role of models and concepts of rationality in economics
• Alternative empirical methods
• Professional practice

A period of research and study designed to allow you to demonstrate familiarity with a particular area of economic theory or policy, or of applied economics or econometrics, and the ability to apply a specific analytical and/or empirical technique.

Optional modules

This module examines central theoretical aspects from modern microeconomic theory, paying particular emphasis on game theory, imperfect competition and incomplete information.

This module covers the theory for the solution and estimation of dynamic stochastic models that are widely used in all fields of macroeconomics. The module is structured in a way such that you will be exposed both to theory and the practical implementation of the methods taught.

It covers topics from approximation methods for stochastic non-linear macroeconomic models, such as linear and higher-order Taylor approximation as well as dynamic programming techniques. It also exposes students to the empirical evaluation of these models ranging from calibration to classical and Bayesian estimation methods.

The module applies the techniques to contemporary general equilibrium macroeconomic models designed for positive and policy analysis such as the New Keynesian model but also models that are designed to explain partial equilibrium behaviour such as consumer saving and industry investment.

The module will cover a selection of topics in applied behavioural economics where a substantial literature has already developed.

Possible areas include behavioural approaches to: labour economics, public economics, financial economics, development economics.

The module considers modern econometric techniques for modelling microeconomic data. It covers four broad econometric techniques:

• Robust standard errors and applications
• Discrete choices model
• Microeconometric policy evaluation methods for observational studies
• Instrumental variables and GMM estimation

This module will focus on advanced Big Data methods and their applications in various economics problems. Topics of the module include:

• nonlinear models
• tree-based models
• support vector machines
• unsupervised learning and applications in international trade
• household finance
• macro forecasting
• labor economics
• text analysis

This module employs tools of microeconomic analysis to address topics central to development issues in low-income countries. One part concentrates on issues concerning household behaviour covering intrahousehold allocation, production, risk, migration and rural markets (especially credit), while the second part focuses on poverty and income distribution, covering measurement, income dynamics, and poverty reduction strategies.

Examples of types of policy issues addressed include:

• randomised controlled trials to evaluate policy interventions
• trade policy reform
• welfare impact of economic partnership agreements
• growth and innovation
• dealing with public debt

This module offers an introduction to the economics of corporate finance. It is designed to provide you with the basic theoretical background in this area that is necessary for any applied work. Emphasis is placed on the analysis of simple models and their applications.

The module covers a variety of topics with substantial time devoted for covering issues directly related to the financial needs of firms, such as capital structure, credit rationing and corporate governance.

The module also examines the role of financial intermediaries analysing bank failures and, consequently, the scope for banking regulations. The last part of the module looks closely at the relationship between the financial sector and the real economy thus offering the background for any applied work related to the link between financial development and economic fluctuations.

This module covers the central issues in the economics of household finance. Increasingly economists are interested in the decisions of consumers as well as the decisions of firms.

Household finance is the study of the behaviour of individuals and households in financial markets including those for secured (for example, mortgage) and unsecured (for example, credit card) lending and related economic models of consumption smoothing, liquidity constraints and household behaviour.

The module begins with the central topic of consumption smoothing, focusing on the role of credit markets and income risk in household behaviour. Later topics include financial literacy, self-control, mortgage market design, stock market participation and the regulation of consumer credit markets.

The module content includes come theoretical material but is mostly applied, with a focus on how large-scale individual level proprietary and survey datasets can be used to understand household financial behaviour.

The module extends the coverage of advanced econometric modelling techniques and considers their application through the study of selected topics in finance and macroeconomics, developing familiarity and critical awareness of empirical research in these areas.

It covers techniques for the analysis of stationary ARMA processes, Vector Autoregressions (VARs), linear regression models, linear systems of simultaneous equations, cointegration, long-run structural VARs, forecasting, and models of changing volatility. The selected topics include the econometric analysis of business cycle fluctuations, wage, price and (un)employment determination, portfolio choice and stock market returns.

• International linkages in economics as a result of exchange rate movements, capital movements and spillovers
• Factors which determine the level of the exchange rate and trade effects
• International effects of monetary and fiscal policies

This module provides an overview of the theory of international trade, the theory of trade policy and each of their applications, utilising the techniques of general equilibrium theory and the theories of perfectly competitive and imperfectly competitive markets as appropriate. Recent developments in these areas will be emphasised.

This module covers monetary aspects of advanced macroeconomics and is suitable for students of mainstream economics, finance and international economics. It focuses on the theory and practice of central banking, monetary policy and control.

It covers concepts such as time inconsistency, the problem of inflation bias with solutions, credibility, transparency and accountability of monetary institutions, inflation targeting and price stability, the choice of instruments for monetary policy and their control, and finally monetary transmission. It combines some theory with evidence and practice.

The module covers fundamental properties of time series and various classes of stochastic processes. Issues in estimation and forecasting of time series models; concepts of contemporary interest to time series econometricians are also covered.

This module covers empirical models of international trade and several topics in trade policy. It discusses firms’ decision to export; the evaluation of export promotion policies; the link between globalisation and labour markets; the gravity model of international trade; free trade agreements; multinational firms; the political economy of trade policy.

Learning and assessment

How you will learn.

• Computer labs
• Supervision

How you will be assessed

• Presentation
• Written exam
• Group project

Modules are assessed by a combination of exams and coursework at the end of the relevant semester.

Contact time and study hours

Each module in semester one will have on average three contact hours per week, made up of a mixture of lectures, tutorials and lab classes. For each contact hour, we expect an additional three hours of self-study, reading, completing homework, assignments and studying for exams.

Each module in semester two will have two contact hours per week, and we expect you to spend slightly more time in self-study as you start to work on your dissertation. During June, July and August, you will work on your dissertation, supported by a minimum of three one-to-one supervision meetings with your supervisor.

Entry requirements

All candidates are considered on an individual basis and we accept a broad range of qualifications. The entrance requirements below apply to 2025 entry.

• Home / UK students
• EU / International students

Alternative qualifications

Meeting our english language requirements.

If you need support to meet the required level, you may be able to attend a presessional English course. Presessional courses teach you academic skills in addition to English language. Our  Centre for English Language Education is accredited by the British Council for the teaching of English in the UK.

If you successfully complete your presessional course to the required level, you can then progress to your degree course. This means that you won't need to retake IELTS or equivalent.

For on-campus presessional English courses, you must take IELTS for UKVI to meet visa regulations. For online presessional courses, see our CELE webpages for guidance

Visa restrictions

International students must have valid UK immigration permissions for any courses or study period where teaching takes place in the UK. Student route visas can be issued for eligible students studying full-time courses. The University of Nottingham does not sponsor a student visa for students studying part-time courses. The Standard Visitor visa route is not appropriate in all cases. Please contact the university’s Visa and Immigration team if you need advice about your visa options.

We recognise that applicants have a variety of experiences and follow different pathways to postgraduate study.

We treat all applicants with alternative qualifications on an individual basis. We may also consider relevant work experience.

If you are unsure whether your qualifications or work experience are relevant, contact us .

Our step-by-step guide covers everything you need to know about applying.

Where you will learn

University park campus.

University Park Campus  covers 300 acres, with green spaces, wildlife, period buildings and modern facilities. It is one of the UK's most beautiful and sustainable campuses, winning a national Green Flag award every year since 2003.

Most schools and departments are based here. You will have access to libraries, shops, cafes, the Students’ Union, sports village and a health centre.

You can walk or cycle around campus. Free hopper buses connect you to our other campuses. Nottingham city centre is 15 minutes away by public bus or tram.

Additional information for international students

If you are a student from the EU, EEA or Switzerland, you may be asked to complete a fee status questionnaire and your answers will be assessed using guidance issued by the UK Council for International Student Affairs (UKCISA) .

These fees are for full-time study. If you are studying part-time, you will be charged a proportion of this fee each year (subject to inflation).

Additional costs

All students will need at least one device to approve security access requests via Multi-Factor Authentication (MFA). We also recommend students have a suitable laptop to work both on and off-campus. For more information, please check the equipment advice .

As a student on this course, you should factor some additional costs into your budget, alongside your tuition fees and living expenses.

You should be able to access most of the books you’ll need through our libraries, though you may wish to purchase your own copies or more specific titles which could cost up to £60.

Please note that these figures are approximate and subject to change.

There are many ways to fund your postgraduate course, from scholarships to government loans.

We also offer a range of international masters scholarships for high-achieving international scholars who can put their Nottingham degree to great use in their careers.

Check our guide to find out more about funding your postgraduate degree.

• Careers advice
• Job prospects
• Partnerships

We offer individual careers support for all postgraduate students .

Expert staff can help you research career options and job vacancies, build your CV or résumé, develop your interview skills and meet employers.

Each year 1,100 employers advertise graduate jobs and internships through our online vacancy service. We host regular careers fairs, including specialist fairs for different sectors.

International students who complete an eligible degree programme in the UK on a student visa can apply to stay and work in the UK after their course under the Graduate immigration route . Eligible courses at the University of Nottingham include bachelors, masters and research degrees, and PGCE courses.

Graduate destinations

This course is particularly relevant if you wish to pursue behavioural or experimental economics research at PhD level, or a career in a wide range of fields, including finance.

It provides a logical and rigorous perspective on human behaviour which is valued by a wide range of employers around the world, in banking, business, consulting, government and academia.

Our graduates  now work in academia, government and the private sector, at organisations such as Barclays, Bloomberg, Deloitte, Economist Intelligence Unit, Goldman Sachs, IBM, PwC, and Thomson Reuters.

Career progression

100% of postgraduates from the School of Economics secured graduate level employment or further study within 15 months of graduation. The average annual salary for these graduates was £36,000.*

* HESA Graduate Outcomes 2019/20 data published in 2022. The Graduate Outcomes % is derived using The Guardian University Guide methodology. The average annual salary is based on graduates working full-time, postgraduate, home graduates within the UK.

This course does not include an integrated placement option. However, you can apply for internships and placements through the Postgraduate Placements Nottingham (PPN) scheme  and the  Faculty of Social Sciences placements scheme , giving you the opportunity to develop key skills and experience in the workplace.

Dual degree options

The school has professional links with the University of Konstanz and the University of Tübingen in Germany. If you complete the taught component of this course, you can transfer onto our  dual degree  and spend a second year in Konstanz or Tübingen (dependent upon any travel restrictions). This is a great opportunity to travel abroad and study at a highly ranked university in beautiful parts of Germany.

Nada Abdelghany, MSc Behavioural Economics

Speaking from the Centre for Decision Research and Experimental Economics, Nada shares her experience of studying MSc Behavioural Economics.

Related courses

Economics msc, economics and econometrics msc, financial economics msc, economics and data science msc, economic development and policy analysis msc, development economics msc, international economics msc.

The Teaching Excellence Framework (TEF) is a national grading system, introduced by the government in England. It assesses the quality of undergraduate teaching at universities and how well they ensure excellent outcomes for their students in terms of graduate-level employment or further study.

This content was last updated on Thursday 11 July 2024. Every effort has been made to ensure that this information is accurate, but changes are likely to occur given the interval between the date of publishing and course start date. It is therefore very important to check this website for any updates before you apply.

MSc Behavioural Economics and Data Science

Key Details

Course Overview

In the coming years, we’ll see major changes in the world of work. One of these changes will be a huge increase in demand for data scientists. This MSc will prepare you for a career as a data scientist so that you can help meet this change in demand.

In this MSc, there is a focus on particular types of application: data science techniques are combined with the area of Behavioural Economics, in which the School of Economics at UEA has a world-class reputation.

Having completed this MSc, your Employability prospects will be strong. Policy-makers in government are increasingly turning to behavioural economics for insights into decision-making behaviour, insights that inform our understanding of how individuals, groups and markets operate. Private Sector organisations specialising in Behavioural Economics research are also a growing phenomenon.

You could also take your skills into banking and finance, healthcare, regulation, human resources or executive management. You could also progress to PhD study. 

Our MSc Behavioural Economics and Data Science is part of our Applied Training Programme – designed to provide key skills in economics. It is ideal if your undergraduate training was in a subject other than economics, and you now wish to develop analytical skills as an economist. This degree may be particularly useful for those with a maths or science background who wish to make their skills more marketable in the rapidly changing jobs market. 

The degree course consists of core Economics and Econometrics modules taught within the School of Economics, as well as specialised modules in programming and behavioural economics. Some of the programming modules are taught in the School of Computing. You will also write a dissertation towards the end of the academic year. 

In many ways, Behavioural Economics is an ideal framework in which to carry out big data research. The focus of the MSc is on the methodology for testing predictions of behavioural economics using big data sources. For example: you’ll learn how to create data sets using data scraping techniques, and you’ll be made aware of the relevant ethical issues; you’ll learn how to process and manipulate data; you will learn how to make economic forecasts using web search data; you’ll learn how to work with multiple data sources ; you’ll learn how to test economic theories using online data sources . 

The dissertation module gives you the freedom to choose your own topic from within the area of behavioural economics and data science. Throughout your dissertation, you’ll be supported and supervised by a member of the School of Economics. 

We offer specialised structural support to help you negotiate your Master’s course.  This includes compulsory, intensive pre-sessional training before the start of teaching on your course modules. This training incorporates the techniques of calculus and matrix algebra, and an introduction to the specialist econometric software that you'll use in your MSc programme. 

Study and Modules

Compulsory modules, economic concepts, econometric methods, data mining, economics dissertation (60 credits), programming and analytics for behavioural economists, behavioural consumer analytics, optional a modules, environmental and natural resource economics, information visualisation, financial mathematics.

Whilst the University will make every effort to offer the modules listed, changes may sometimes be made arising from the annual monitoring, review and update of modules. Where this activity leads to significant (but not minor) changes to programmes and their constituent modules, the University will endeavour to consult with students and others. It is also possible that the University may not be able to offer a module for reasons outside of its control, such as the illness of a member of staff. In some cases optional modules can have limited places available and so you may be asked to make additional module choices in the event you do not gain a place on your first choice. Where this is the case, the University will inform students.

Entry Requirements

Applications from students whose first language is not English are welcome. We require evidence of proficiency in English (including writing, speaking, listening and reading):   

IELTS: 6.0 overall with minimum 6.0 in Writing & Speaking and 5.5 in Listening & Reading

Test dates should be within 2 years of the course start date.  

We also accept a number of other English language tests. Review  our English Language Equivalencies  for a list of qualifications that we may accept to meet this requirement.  

If you do not yet meet the English language requirements for this course, INTO UEA offer a variety of English language programmes which are designed to help you develop the English skills necessary for successful undergraduate study:   

Pre-sessional English at INTO UEA    

Academic English at INTO UEA   

This course is open to UK and International applicants. The annual intake for this course is in September each year .

Additional Information or Requirements

Admissions policy.

Our Admissions Policy applies to the admissions of all postgraduate applicants. 

Fees and Funding

Tuition fees for the Academic Year 2024/25 are: 

UK Students: £11,025 (full time)

International Students: £21,200 (full time)

We estimate living expenses at £1,023 per month. 

Further Information on tuition fees can be found  here . 

Scholarships and Bursaries 

The University of East Anglia offers a range of  Scholarships ; please click the link for eligibility, details of how to apply and closing dates.

Course Related Costs

Please see Additional Course Fees for details of additional course-related costs.

How to Apply

Applications for Postgraduate Taught programmes at the University of East Anglia should be made directly to the University. 

To apply please use our  online application form . 

FURTHER INFORMATION 

If you would like to discuss your individual circumstances prior to applying, please do contact us: 

Postgraduate Admissions Office 

Tel: +44 (0)1603 591515  Email:  [email protected]  

International candidates are also encouraged to access the  International Students  section of our website. 

Employability

After the course.

Upon completing this MSc, you’ll be ready to pursue a career in a government or private-sector organisation that specialises in Behavioural Economics.  You’ll also be well-qualified to pursue a career as a data scientist. 

You could alternatively take your skills into banking and finance, healthcare, regulation, human resources or executive management. And of course, you could progress to PhD study.

A degree at UEA will prepare you for a wide variety of careers. We've been ranked 1st for Job Prospects by StudentCrowd in 2022.

Example of careers that you could enter include: 

Government agencies 

Private Sector Consultancies 

Healthcare consultancies 

Discover more on our Careers webpages . 

Behavioural Economics and Data Science starting September 2024 for 1 years

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Top 10 MSc Progams in Behavioral Economics

Behavioral economics is the science of how and why people make decisions. It involves studying what truly motivates people to make decisions as consumers as well as the biases that affect our habits.

And its successful deployment in companies from Google and Facebook to the World Bank, which have all used behavioral economics to solve their business challenges, has convinced business schools to offer specialists master’s degrees in the subject.

Schools and businesses see the potential of behavioral economics — also known as nudge theory — to create a positive impact in society; it has already been used to increase organ donations, improve savings for retirement, foster environmentally friendly behaviors, and motivate healthier food choices.

There is also a dark side to nudge theory, though, as nudging can also be used to manipulate people in negative ways. But ultimately, these MSc programs are about finding ways to improve people’s decision making in a way that benefits customers while also boosting a company’s bottom line.

Graduates get hired by central banks, think-tanks, financial institutions, and regulatory bodies, while others go on to pursue PhDs and launch academic careers.

Warwick Business School in the UK offers the MSc Behavioral and Economic Science program. It is a multidisciplinary course, delivered by the business school in conjunction with the University of Warwick’s Department of Psychology and Department of Economics. The program focuses on the theoretical foundations and real-world application of nudge theory, and the cognitive science of judgement and decision making.

UC San Diego’s Rady School of Management offers a Behavioral Economics module that is open to master’s students on a range of degree programs at the US institution. They learn how to apply insights from psychology and behavioral economics in a business setting. Ultimately, they will be able to design better products and customer experiences, and launch more effective pricing and marketing strategies.

The MSc Behavioral Science is offered by the London School of Economics, one of the world’s leading academic institutions based in the UK capital. Students on this program learn the skills and competencies they need to understand, predict, and change human behavior, which LSE sees as being essential to their professional success.

The Amsterdam School of Economics in the Netherlands runs the Behavioral Economics and Game Theory course for masters students on various management courses. In this module, students learn about the psychological, social and strategic considerations of economic behavior, as well as the way in which we frame our problems determines our decisions.

The MSc Behavioral Economics is put on by City University’s Bayes Business School (formerly Cass) in London. Students discuss the ethical and unethical applications of nudge theory, in order to instill a sensitivity to these issues and how to avoid them. This is reinforced by the need to adhere to ethical standards during the research dissertation, an independent piece of research undertaken by each student.

USC Marshall School of Business in California offers master’s students the chance to take a Behavioral Economics track with USC’s Department of Economics. The modules have been designed for students who wish to focus on human behavior while also having access to rigorous academic training in traditional economics and econometric methods. Graduates go on to work at companies such as Microsoft, Google and BCG.

Tilburg School of Economics and Management is one of Europe’s top schools in the field of behavioral economics. And it offers a Behavioral Economics track in its MSc Economics program. Students learn to address economic problems and questions involving people’s behavior, taking both the economics and the psychology into account, as well as the ways that decisions can be affected by policies and strategies.

The MSc in Behavioral Economics is offered by UCD Michael Smurfit Graduate Business School in Dublin, Ireland. The course equips students with knowledge on human decision-making which can be applied in academic, business, and policy settings. Graduates get hired by central banks, think-tanks, financial institutions, and regulatory bodies.

The UK’s Durham University Business School has its MSc Behavioral Science program. The course provides students with an understanding of factors that impact behavior, including the role of ‘nudging’ in driving change. It also gives students the research and analytical skills they need to assess business problems from a behavioral perspective.

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Department of Psychology

• MSc Behavioural and Economic Science

APPLICATIONS FOR THE 2024/25 ACADEMIC YEAR ARE NOW OPEN

Applications meeting the minimum admissions criteria will be considered as follows:

- Submitted between October 2023 - December 2023: assessed in January 2024 (last date for documents, inc. references - 8th January 2024) - Submitted between January 2024 - March 2024: assessed in April 2024 (last date for documents, inc. references - 8th April 2024) - Submitted between April 2024 - June 2024: assessed in July 2024 (last date for documents, inc. references - 8th July 2024)

Final deadline for applications: 23:59 GMT, Sunday 30th June 2024

Are you looking for an MSc course in Behavioural Science?

This innovative course in the growing area of decision science and behavioural economics combines multidisciplinary expertise from the Department of Psychology Link opens in a new window , Department of Economics Link opens in a new window and Warwick Business School Link opens in a new window .

Do you want to know more about Behavioural Science and Behavioural Economics? Read the Behavioural Economics Guide 2021 Link opens in a new window

Another alumni joins the Busara Centre for Behavioral Economics in Nairobi, Kenya

Mark millrine.

"Upon graduating from the BES MSc, I joined two other BES alumni - Rafael and Nikhil - at the Busara Centre for Behavioral Economics in Nairobi, Kenya. Busara is an NGO which specialises in using behavioural science to alleviate poverty. We manage research projects on behalf of leading academics, such as Dan Ariely, and we also advise clients on how they can use behavioral science to achieve their goals.

The BES MSc at Warwick serves as perfect preparation for such a job. On a daily basis I'll be advising on experimental design, quantitative analysis and preparing literature reviews - all skills which are rigorously developed at Warwick.

Busara continues to grow at a rapid pace so please reach out if you'd like learn more about working for Busara:"

http://www.busaracenter.org

mark dot millrine at busaracenter dot org

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