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Applied Psychology and Economic Behaviour MSc

Applied Psychology and Economic Behaviour MSc

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Applied Psychology Economics

Course type

Taught

Course Summary

This course explores the interesting intersection of psychology and economics. You’ll gain a deep, well-rounded understanding of human behaviour and learn how to predict it. This course enables you to delve deeply into the two inter-related disciplines of psychology and economics, in order to better explore, understand and predict the decisions people make. Combining economic modelling with what psychology can tell us about individual behaviour and emotions you’ll learn to create highly accurate models for predicting human behaviour, which can then be used to empower behaviour change at both a micro and macro level. This course is ideal if you are seeking to work in any area where understanding human decision-making is critical. This ranges from industry and healthcare, to developing new technologies or policies, and beyond.

You will leave this course with a deep, interdisciplinary, understanding of the psychological and economic science affecting human factors in decision-making; a thorough understanding of the modelling of human decision-making and the ability to integrate psychological science with this to create enriched models of choice behavior; the ability to develop powerfully-predictive behavioural models based on a strong bedrock of theory from both psychology and economics; the ability to use models to deliver valid conclusions. This course is highly relevant if you have an economics or psychology background, or come from a background where modelling or understanding human behaviour is a key component, such as engineering or sociology.

Graduates with this level of interdisciplinary knowledge and skills are in high demand among employers, so you will be well placed to gain work in any field where a deep understanding of human behaviour is critical. You could take your skills into government, banking or finance, healthcare, the third sector, economic regulation, human resources or executive management.

Different course options

Study mode

Full time

Duration

1 year

Start date

SEP

Modules

This module aims to provide an interdisciplinary perspective into how the disciplines of Psychology and Economics interact to elucidate the psychological and economic factors that underlie human economic choice behaviour; to present theoretical models, developed through interdisciplinary research at the intersection between the disciplines of Psychology and Economics, that predict human economic choice behaviour; to critically evaluate models of human economic choice behaviour from the broader societal context.

Tuition fees

UK fees
Course fees for UK / EU students

For this course (per year)

£9,500

Average for all Postgrad courses (per year)

£5,202

International fees
Course fees for non-UK / EU students

For this course (per year)

£18,500

Average for all Postgrad courses (per year)

£12,227

Entry requirements

Students should have a bachelor’s honours degree or international equivalent, typically a 2:1 or above. To apply for this course students should have an undergraduate degree in an appropriate subject such as psychology or economics, another social science or business-related discipline (business administration, finance, accounting, international trade, banking, financial management, public finance, politics) or another subject which included a significant economics or modelling component (physics or engineering). They must demonstrate basic quantitative skills, acquired through modules such as microeconomics, mathematics or statistics. We may make an offer based on a lower grade if you can provide evidence of your suitability for the degree. If their first language is not English but within the last 2 years, they completed their degree in the UK, they may be exempt from our English language requirements.