MSc Behavioural and Experimental Economics
Investigate the complex nuances in economic decision making and actions. Our MSc Behavioural and Experimental Economics gives you all the tools to understand what has become one of the fastest growing areas in economics in recent years.
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 are 4th in UK for research power in economics and econometrics (Times Higher Education research power measure, Research Excellence Framework 2021). Were top 25 in the UK for economics and econometrics in the QS World University Rankings by Subject 2024. Much of our 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.
Campus Information
Colchester campus
Wivenhoe Park, Colchester CO4 3SQ, United Kingdom
Intakes
- Oct
Application Processing Time in Days: 30
Minimum English Language Requirements
| English Level Description | IELTS (1.0 -9.0) | TOEFL IBT (0-120) | TOEFL CBT (0-300) | PTE (10-90) | |
|---|---|---|---|---|---|
| Expert | 9 | 120 | 297-300 | 86-90 | |
| Very Good | 8.5 | 115-119 | 280-293 | 83-86 | |
| Very Good | 8 | 110-114 | 270-280 | 79-83 | |
| Good | 7.5 | 102-109 | 253-267 | 73-79 | |
| Good | 7 | 94-101 | 240-253 | 65-73 | |
| Competent | 6.5 | 79-93 | 213-233 | 58-65 | |
| Competent | 6 | 60-78 | 170-210 | 50-58 | |
| Modest | 5.5 | 46-59 | 133-210 | 43-50 | |
| Modest | 5 | 35-45 | 107-133 | 36-43 | |
| Limited | 4 | 32-34 | 97-103 | 30-36 | |
| Extremely Limited | < 4 | < 31 | < 93 | < 30 |
Job Opportunity Potential
You get more than just a degree with Essex Business School, you get a head start on your career.
Our courses allow you to experience the cutting edge of modern business practices and are designed to equip you with the essential skills and knowledge that you will need for an exciting and fast-paced career in business and beyond.
On this page you will find information on a wide variety of career pathways for business school graduates. From Accountant to Wall Street Wizard (yes, we encourage our graduates to build their own job titles where possible) you will discover where a degree from Essex Business School could take you.
We are a big department with academic expertise in five key subject areas: accounting, finance, entrepreneurship, management and marketing. Therefore, this page will guide you through the key skills and alumni destinations for each of our subject areas.
As business themes operate through every industry you will find that doors open for business school graduates in virtually every sector. On this page you’ll hear from business school graduates who have taken their opportunities and built upon the skills gained on their degrees to become entrepreneurs, traders, business leaders and so much more.
Which career will suit me?
- Graduates from business subjects typically have good commercial awareness which makes them very versatile candidates and attractive to recruiters.
- Many graduates go on to have successful careers in HR, finance, marketing, new venture creation and consulting and are often suited to professional level employment soon after graduation.
- Graduates from Essex Business School are very well suited to entrepreneurship and often set up their own businesses either as students or shortly after graduating.
At Essex Business School, we have five core subject areas, plus The Essex MBA. To find out about the specific career prospects for your chosen subject, click on one of the panels below. To find out more about how Essex Business School supports your employability skills and career prospects more generally as a department, please keep scrolling.
PSW Opportunity
- 2 Years PSW is applicable after completing a minimum duration of 9 months course (like- Undergraduate, Postgraduate Level)
- 3 Years PSW is applicable after completing PhD level courses.
Admission Requirement / Eligibility Criteria
Many of our Postgraduate Taught Masters will consider applicants with 50% or 5.3/10 from Band 1 or Band 2 institution/ 55% or 5.8/10 from all other institutions from Bachelor degree. Some courses and departments have higher entry requirements as well as other admissions criteria
Academic IELTS (including UKVI IELTS, non-UKVI
IELTS, IELTS Online, and IELTS Indicator) and British
Academic Centre International English Test (BACIET)
6.5 overall with minimum component scores:
Listening: 5.5
Reading: 5.5
Writing: 6.5
Speaking: 5.5
TOEFL iBT, TOEFL MyBest, TOEFL Special Home Edition
88 overall with minimum component scores:
Listening: 17
Reading: 18
Writing: 26
Speaking: 20
Pearson Test of English (PTE)
58 overall with minimum component scores:
Listening: 42
Reading: 42
Writing: 58
Speaking: 42
Cambridge Advanced English (CAE) and Cambridge
Proficiency English (CPE)
176 overall with minimum component scores:
Listening: 162
Reading: 162
Writing: 176
Speaking: 162
- Course Type: Full Time
- Course Level: Masters/PG Degree
- Duration: 01 Year
-
Total Tuition Fee:
22400 GBP
Average Cost of Living: 13632 GBP /year
Application Fee: N/A
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