MSc Behavioural Economics

Postgraduate

In Colchester

£ 10,200 + VAT

Description

  • Type

    Postgraduate

  • Location

    Colchester

  • Duration

    1 Year

About the course
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


In your first term, you design a lab experiment for one of your assignments

You can then test your idea by carrying out behavioural research from start to finish in ESSEXLab, our state-of-the-art social science laboratory

You’re also trained in experimental design by lab experts and your lecturers, and can receive funding to carry out your experiment in the lab, subject to availability


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

Facilities

Location

Start date

Colchester (Essex)
See map
Wivenhoe Park, CO4 3SQ

Start date

On request

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Reviews

Subjects

  • Economics
  • Public
  • Design
  • Decision Making

Course programme

Example structure
Postgraduate study is the chance to take your education to the next level. The combination of compulsory and optional modules means our courses help you develop extensive knowledge in your chosen discipline, whilst providing plenty of freedom to pursue your own interests. Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore to ensure your course is as relevant and up-to-date as possible your core module structure may be subject to change.
For many of our courses you’ll have a wide range of optional modules to choose from – those listed in this example structure are, in many instances, just a selection of those available. Our Programme Specification gives more detail about the structure available to our current postgraduate students, including details of all optional modules.
Year 1
Microeconomics
Behavioural Economics I: Individual Decision Making
Behavioural Economics II: Games and Markets
Advanced Microeconomics
Dissertation
Macroeconomics (optional)
Economics of Financial Markets (optional)
Mathematical Methods (optional)
Estimation and Inference in Econometrics (optional)
Economic Development Theory (optional)
Time Series Econometrics (optional)
Panel Data Methods (optional)
Teaching
Core components can be combined with optional modules to enable you to gain either in-depth specialisation or a breadth of understanding across several topics
Our postgraduates are encouraged to attend conferences and seminars
Assessment
Each module is assessed with a final examination and a coursework component
Coursework is taken in the form of a term paper or a midterm test
Dissertation
You undertake an individually supervised research project that involves the in-depth study of a specific economic problem or issue
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Additional information

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 among the top 150 departments on the planet (QS World Rankings 2016) 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 Professional accreditation Our University is one of only 21 ESRC-accredited Doctoral Training Centres in the UK This means that our course can form part of a prestigious 1+3 funding opportunity worth up to £21,575 Our expert staff Study and work alongside some of the most prominent economists of our time Our researchers are at the forefront of their field and have even received MBEs, with students coming from across the globe to study, research or work with us Many of our researchers also provide consultancy services to businesses in London and other major financial centres, helping us to develop research for today's society as well as informing our teaching for the future See research interests of our staff Specialist facilities Take advantage of our wide range of learning resources to assist you in your studies: Work with researchers to learn how to conduct experiments from start to finish, as a lab assistant in ESSEXLab, our state-of-the-art social science experimental lab Extensive software for quantitative analysis is available in all computer labs across the University Access a variety of economics databases and multiple copies of textbooks and...

MSc Behavioural Economics

£ 10,200 + VAT