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Behavioural Economics and Finance MSc

Behavioural Economics and Finance MSc

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Social Economics Behavioural Psychology Finance / Accounting (General)

Course type

Taught

Course Summary

This course is intended to deepen your knowledge and understanding of economics as an academic discipline. This course is designed to be flexible so that you will get the most intellectual return, whether you studied economics as the principal focus of your undergraduate degree, or if economics were a minor part of a quantitatively-focussed degree.

This programme combines the intellectual rigour of a standard MSc in Economics with insights stemming from the intersection of economics, social psychology and cognition. Providing the quantitative training of standard microeconomics, this programme offers a thorough grounding in the research methodology behind experimental economics. It also provides the statistical training required to analyse and interpret data from experiments.

This specialised course delves into individual choice, behavioural economics and experimental economics which will take you from the standard models that underpin behavioural sciences, to the current developments in the field, be it applied to labour economics, behavioural finance or behavioural public finance.

This course is designed to prepare you for a successful career, wherever in the world you plan to work. Employers expect advanced communication and technical skills, team-working and independent research, project-management and the very latest specialist knowledge from their postgraduate recruits. Our MSc in Behavioural Economics and Finance will enable you to develop the professional and behavioural economic and financial skills and subject expertise that will make you a valuable asset from the start of your career.

According to your location and career goals, you can choose to work in public or private sector roles, from large multi­-national companies such as the ‘The Big Four’ Accounting and Professional Services firms, to government departments such as The Government Economic Service (GES). International organisations like the International Monetary Fund, the Organisation for Economic Cooperation and Development (OECD), the EU Commission or UN, together with banks, insurance companies, accounting firms, consultancies and not-for-profit organisations all seek economists with the latest technical expertise and knowledge. This programme’s emphasis on social psychology and experimental approaches within economics could enhance your competitiveness with policy-makers such as the analysis of tax compliance by HM Treasury or savings decisions by workers of interest to governments around the world.

Different course options

Study mode

Full time

Duration

1 year

Start date

SEP

Modules

Optimising decision behaviour is at the core of most economic analysis. Whether we ask how a consumer should behave, how firms should compete in a market or how governments should decide on their monetary policy, the ability to solve optimisation problems is key to finding an answer. This module provides a thorough introduction to the techniques involved. It will treat unconstrained and constrained optimisation, basic variational calculus and optimal control. It expands on the optimisation techniques introduced in the microeconomics and macroeconomics courses in the first term and lays the foundation for many advanced economic option courses in the second term.

Tuition fees

UK fees
Course fees for UK / EU students

For this course (per year)

£10,700

Average for all Postgrad courses (per year)

£5,202

International fees
Course fees for non-UK / EU students

For this course (per year)

£19,050

Average for all Postgrad courses (per year)

£12,227

Entry requirements

Students need to have a 2:1 with honours in an Economics, Finance or Psychology related discipline from a recognised university, including degrees where Economics is a "minor" subject. Evidence of mathematical/quantitative ability is required. We do consider all applications where there is evidence of exceptional performance in modules relevant to the programme of study, significant relevant work experience or professional qualifications.

University information

The University of Exeter is a public research university that is a member of the leading research- oriented UK universities, the Russell Group, The European University Association and the AMBA. As demonstrated in the REF 2014, 98% of the University of Exeter’s postgraduate research has been rated to be of international quality. Out of their 23,613 students, 4,681 of these are postgraduates. There are three main campuses to study at, with most...more

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