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MSc Behavioural Economics

  • DeadlineStudy Details:

    MSC 1 year full-time

Course Description

Though available as both a January and October start, part-time study is only available as part of the October start variant. How do we make decisions about markets, businesses and customers? What’s the science behind these decisions? How does an understanding of human behaviour make better policies? What’s the impact of sales practices on customers? How do behavioural biases in customers impact how much they’ll pay for a product or service? 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.

You’re trained in experimental design by lab experts and lecturers and will design lab experiments for your assignments. You will also have the opportunity to participate in and gain hands-on experience with experiments in ESSEXLab, our state-of-the-art social science laboratory. 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.

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 17th in the UK for Economics in the QS World University Rankings by Subject (2021). Much of our world-class research is related to policy, and we have particular strengths in the areas of: Economic theory, game theory and strategic interactions Behavioural economics Applied economics and labour economics.

There’s always something fascinating going on in our department, from regular lively debates with prestigious speakers in seminars, workshops and conferences to cutting-edge papers being published in leading journals, including American Economic Review, Econometrica, and Review of Economic Studies. With this course you also have the opportunity to study abroad at one of our partner institutions and achieve a dual award, which means you’ll receive two Masters degrees in two years. Find out more on our dual award webpage.

Entry Requirements

We will consider all applicants with 2:2 or above, or equivalent international qualifications. For some courses, there may be additional requirements which can be found on our website.

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Fees

For fees and funding options including scholarships available please visit website to find out more

Student Destinations

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. Recent graduates include an Analyst at E2V Technology Company, Delivery Executive at Adam Smith International, a University Lecturer and roles in large organisations such as Deutsche Bank.

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