Undergraduate Degree - At the minimum a 2:1 or overseas equivalent is required. (A good performance in a higher degree such as a Masters will also be accepted)
Degree Discipline - Any degree discipline is acceptable, but students must have a good existing level of mathematics and statistics. Subjects likely to contain sufficient quantitative elements (i.e. which have at least one mathematics or statistics based module) include Mathematics, Sciences, Engineering, Economics, Finance, Psychology, Accounting, Business and Management.
Work experience and professional qualifications - Weight will be given to relevant work experience and professional qualifications but neither is necessary to be accepted onto this course.
English Language - Students whose first degree is not taught in an English-speaking country must provide evidence of English language proficiency. 6.5 IELTS overall and 6.0 in Writing or equivalent is the minimum required. Click here for further information.
Other aspects of your application - All aspects of your application will be taken into consideration so our decision to make you an offer is not exclusively based on the criteria above.
Months of entry
There is mounting evidence that people violate many of the "rationality" assumptions of mainstream economics. Behavioural Economics is a relatively new field that studies such violations and proposes theories to explain them. Behavioural Finance is a part of Behavioural Economics that studies important "irrationalities" on financial markets. Key topics include common mistakes people make when deciding how much to save and how to invest, excess volume of trade, equity premium puzzle, bubbles, and predictability of financial markets.
Behavioural Economics and Behavioural Finance have grown tremendously in popularity in recent years. The Nobel Prize in Economic Sciences was awarded to Daniel Kahneman in 2002 for Behavioural Economics and to Robert Shiller in 2013 for Behavioural Finance. There has been increased interest by the public, as evidenced by a spate of popular books in these areas. There has also been increased interest by governments: for example, David Cameron appointed a "Behavioural Insights Team" in 2010 to help design government policies.
The backbone of the programme consists of a first-semester module in Behavioural Economics and a second-semester module in Advanced Behavioural Finance. Apart from these two modules, students can take modules covering more traditional topics in finance.
A thorough knowledge of Behavioural Economics and Behavioural Finance provides students with a deeper and more realistic understanding of financial markets than is offered by mainstream finance alone. Such knowledge also makes students less susceptible to common mistakes in their own lives and careers. A successful completion of the programme would provide students with valuable skills for a wide range of careers in areas such as investment, banking, public service, or academia.
A slide presentation of the module is available here.
Information for international students
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Fees and funding
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Qualification and course duration
Course contact details
- School of Economics and Finance
- +44 (0)20 7882 8848