MBM Master of Business Management
The MBM program at the University of Essex is designed to develop well-rounded business...
MSc Behavioural and Experimental Economics
Colchester Campus
INTAKE: Jan & Oct
Program Overview
The MSc Behavioural and Experimental Economics program at the University of Essex is designed to equip students with the knowledge and skills necessary to understand and analyze economic behavior using experimental techniques.
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Core Economics Knowledge: The program provides a solid grounding in core economic theories and concepts, including microeconomics, macroeconomics, and econometrics. Students develop a deep understanding of economic principles and their applications in real-world contexts.
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Behavioural Economics: The program focuses on the field of behavioural economics, which explores how psychological and social factors influence economic decision-making. Students learn about theories and empirical research on topics such as individual preferences, biases, heuristics, and decision-making under uncertainty.
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Experimental Methods: The program emphasizes the use of experimental methods to study economic behavior. Students learn how to design and conduct experiments, collect data, and analyze experimental results using statistical and econometric techniques. They gain hands-on experience in laboratory and field experiments.
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Advanced Econometrics: Students develop advanced econometric skills to analyze and interpret experimental data. They learn econometric techniques such as regression analysis, panel data analysis, and instrumental variable estimation, enabling them to conduct rigorous empirical research in behavioural economics.
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Research Project: As part of the program, students undertake an independent research project in behavioural and experimental economics. They work closely with faculty members to formulate research questions, design experiments, collect data, and analyze their findings. This research project allows students to apply their knowledge and skills in a specific area of interest.
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Seminar Series: The program offers a seminar series where students have the opportunity to engage with leading researchers and practitioners in the field of behavioural and experimental economics. These seminars provide insights into cutting-edge research and foster discussions on current issues and developments in the field.
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Optional Modules: Students can choose from a range of optional modules to tailor their program to their specific interests. These modules cover various topics such as game theory, financial economics, applied econometrics, and policy evaluation, allowing students to deepen their knowledge in specific areas of economics.
Location
Colchester Campus
Score
IELTS 6.5
Tuition Fee
£ 20350
Postgraduate Entry Requirements:
- Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 50 to 55% or equivalent.
- English language proficiency is required, and applicants must provide evidence of their English language skills through an approved language test.
- IELTS: A minimum overall score of 6.5 with no individual component below 6.0.
- TOEFL: A minimum overall score of 90.
- PTE Academic: A minimum overall score of 62 with no individual score below 51.
- Some postgraduate programs may have specific subject prerequisites or additional requirements.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
Work experience: Some postgraduate courses may require relevant work experience in the field.
It is important to note that entry requirements may vary across different programs and courses. Additionally, meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as the number of available places and competition for certain courses.
The University of Essex offers a range of scholarships and financial support options to assist students in their academic journey. These scholarships are designed to recognize and reward academic excellence, promote diversity and inclusion, and provide assistance to those facing financial challenges.
- Academic Excellence Scholarships: The university offers scholarships to outstanding students who demonstrate exceptional academic achievements. These scholarships are typically merit-based and provide financial support towards tuition fees or living expenses.
- International Scholarships: The University of Essex provides scholarships specifically designed for international students. These scholarships aim to attract and support talented students from around the world. Eligibility criteria and award amounts may vary, and they may cover a portion of tuition fees or provide assistance with living expenses.
- Subject-specific Scholarships: Some departments and schools within the university offer scholarships tailored to specific academic disciplines. These scholarships are often awarded to students with exceptional academic records or those who demonstrate a strong commitment to their field of study.
- Access and Participation Scholarships: The university is committed to promoting diversity and inclusion. It offers scholarships and financial support to students from underrepresented backgrounds, including those from low-income families or individuals who are the first in their family to attend university.
- Government-funded Scholarships: In addition to internal scholarships, the University of Essex provides information and guidance on scholarships and funding opportunities offered by external organizations and government agencies. These scholarships may be available to students based on factors such as nationality, field of study, or research interests.
- Sports Scholarships: The university recognizes the importance of sports and offers scholarships to talented athletes who demonstrate exceptional sporting abilities. These scholarships provide financial support along with access to sports facilities, training programs, and dedicated support services.
It is important to note that scholarship availability, eligibility criteria, and application processes may change over time.
The MSc Behavioural and Experimental Economics program at the University of Essex opens up diverse career prospects in the field of economics and related areas.
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Researcher: Graduates can pursue research positions in academic institutions, think tanks, or research organizations. They can conduct independent research in behavioural and experimental economics, contributing to the advancement of knowledge in the field.
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Policy Analyst: Graduates can work as policy analysts in government agencies, international organizations, or research institutes. They can analyze and evaluate economic policies, providing evidence-based recommendations to address economic and social challenges.
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Data Analyst: Graduates can work as data analysts in economic consulting firms, financial institutions, or market research companies. They can apply their econometric and data analysis skills to interpret economic data, forecast trends, and support business decision-making.
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Economic Consultant: Graduates can work as economic consultants, providing expert advice on economic issues to businesses, governments, or non-profit organizations. They can analyze market trends, assess the impact of policies, and help clients make informed economic decisions.
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Policy Advisor: Graduates can work as policy advisors in government departments or international organizations. They can provide guidance on economic policies, contributing to the development and implementation of effective economic strategies.
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Academic Career: Graduates can pursue further studies and academic careers, undertaking a PhD in behavioural and experimental economics or related fields. They can become professors, researchers, or lecturers, shaping the future of the discipline through teaching and research.
