Taught course

Behavioural Economics

Institution
University of Essex · Department of Economics
Qualifications
MSc

Entry requirements

A degree with an overall grade of 2.2.

Months of entry

October

Course content

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.

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 2017. 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.

Information for international students

IELTS 6.0 overall with a minimum component score of 5.5

Qualification and course duration

MSc

full time
12 months
part time
24 months

Course contact details

Name
Graduate Administrator
Email
pgadmit@essex.ac.uk