MSc Civil Engineering and Management
The MSc Civil Engineering and Management program at the University of Nottingham provid...
MSc Behavioural Economics
University Park Campus
INTAKE: September
Program Overview
The MSc Behavioural Economics program at the University of Nottingham emphasizes the study of human behavior and its implications for economics. It integrates insights from economics, psychology, and neuroscience to explore how individuals make choices, how they respond to incentives, and how their behavior deviates from traditional economic models. The course focuses on the application of behavioral economics in a variety of settings, including market behavior, public policy, health economics, and financial decision-making. With a focus on both theoretical foundations and practical applications, the program provides students with a comprehensive understanding of the behavioral aspects of economics and prepares them for leadership roles in organizations, research, and policy-making. The program is designed to appeal to students with a background in economics, psychology, or related disciplines, as well as those with a strong interest in the application of behavioral insights to economic problems.
Curriculum: The MSc Behavioural Economics program offers a rigorous curriculum that blends core modules with specialist options. Core modules typically cover topics such as Behavioral Economics and Decision Making, Experimental Economics, Microeconomic Theory, Psychology of Decision Making, and Advanced Econometrics. These modules equip students with the analytical tools necessary to assess how psychological factors influence economic decisions, and how these insights can be applied to improve policies and business strategies. Students also have the opportunity to choose from elective modules in areas such as behavioral finance, policy design, labor economics, and health economics, allowing them to tailor their studies to their specific interests. The program culminates in a Dissertation or Research Project, which provides students with the opportunity to conduct independent research on a behavioral economics topic, integrating theoretical and empirical methods to address pressing economic questions.
Research Focus: The University of Nottingham is renowned for its research in behavioral economics, with faculty members conducting cutting-edge studies on how human behavior influences market outcomes, economic policy, and decision-making processes. The Centre for Decision Research and Experimental Economics (CeDEx) is a key research group within the university, known for its work on experimental economics, game theory, and the application of behavioral insights to real-world problems. Research themes include behavioral finance, social preferences, trust and cooperation, and the economics of health and education. Students in the MSc program benefit from exposure to this high-quality research, which informs their coursework and provides a rich environment for intellectual development. Moreover, students may have the opportunity to engage with faculty members on research projects, gaining hands-on experience in experimental design, data analysis, and policy evaluation.
Industry Engagement: The University of Nottingham’s MSc Behavioural Economics program offers significant industry engagement opportunities through collaborations with public sector organizations, think tanks, and private sector companies. The program is designed to bridge the gap between academic theory and real-world applications by integrating industry perspectives into the curriculum. Students have the opportunity to engage in consultancy projects, internships, and guest lectures with industry experts in the fields of finance, policy-making, and behavioral science. The university’s strong connections with organizations such as the Bank of England, government departments, and behavioral consultancy firms provide students with valuable networking opportunities and insights into how behavioral economics is applied in practice. This industry collaboration ensures that students are well-prepared for careers that require expertise in understanding and influencing decision-making processes.
Global Perspective: The MSc Behavioural Economics program at the University of Nottingham offers a global perspective, equipping students with the skills to apply behavioral insights in a variety of international contexts. The program draws on case studies and examples from developed and emerging economies, allowing students to explore how behavioral economics can address global challenges such as financial inclusion, public health, and environmental sustainability. The university’s diverse student body and international research collaborations further enrich the global learning experience, providing students with opportunities to engage with peers and experts from around the world. Additionally, the program prepares students to navigate the complexities of global markets and policy frameworks, offering them the tools to work effectively in cross-cultural settings.
Location
University Park Campus
Score
IELTS 6.5
Tuition Fee
£ 26250
Postgraduate Entry Requirements: For admission into postgraduate programs at the University of Nottingham, international students are generally required to meet the following criteria:
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Academic Qualifications: Students should have completed a bachelor's degree or its equivalent with a minimum of 60% or above in their country's grading system. The specific entry requirements may vary depending on the chosen program of study. Some programs may have additional subject-specific requirements or prerequisite knowledge.
- 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.
- TOEFL: A minimum overall score of 90, with at least 17 in Listening, 17 in Reading, 20 in Speaking, and 18 in Writing.
- PTE Academic: A minimum overall score of 72 with no individual score below 65.
- 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 meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.
Scholarships for International Students at the University of Nottingham:
International Excellence Scholarship: The University of Nottingham offers the International Excellence Scholarship to high-achieving international students. This scholarship is merit-based and provides a tuition fee reduction of up to £4,000 for postgraduate students.
Developing Solutions Scholarships: The Developing Solutions Scholarships are targeted at students from developing countries. These scholarships cover full tuition fees and provide additional support for living expenses. The aim of these scholarships is to empower students from disadvantaged backgrounds and enable them to make a positive impact in their home countries.
Sports Scholarships: The university recognizes the importance of sports and offers Sports Scholarships to exceptional athletes. These scholarships provide financial support to talented sportsmen and sportswomen, helping them balance their sporting commitments with their academic studies.
Nottingham Global Scholarships: The Nottingham Global Scholarships are awarded to outstanding international students across various academic disciplines. These scholarships provide financial assistance in the form of a tuition fee reduction.
Research Scholarships: The University of Nottingham offers a range of scholarships specifically for international students pursuing research degrees (Ph.D. or MRes). These scholarships provide funding to cover tuition fees and living expenses, allowing students to focus on their research projects.
Country-Specific Scholarships: The university also offers scholarships specifically tailored to students from certain countries. These scholarships may be based on academic merit, leadership potential, or specific criteria defined by the sponsoring organizations or governments.
Alumni Scholarships: The University of Nottingham values its alumni and offers scholarships exclusively for students who have completed a previous degree at the university. These scholarships provide financial support for further studies at the university.
It's important to note that scholarship availability, eligibility criteria, and application deadlines may vary from year to year.
Graduates of the MSc in Behavioural Economics program from the University of Nottingham are well-equipped for a range of exciting career opportunities that bridge economics, psychology, and policy analysis.
Behavioral Economist: Graduates can work as behavioral economists, applying their expertise to analyze and predict economic behavior, inform policy decisions, and design interventions that encourage desired outcomes.
Policy Analyst: Graduates can pursue roles as policy analysts, collaborating with governmental and non-governmental organizations to develop evidence-based policies that address complex societal challenges.
Market Researcher: Graduates can work in market research, utilizing their understanding of behavioral patterns to provide insights into consumer preferences, trends, and decision-making processes.
Consultant: Graduates can offer consultancy services to businesses, advising on strategies that leverage behavioral insights to improve customer engagement, product design, and marketing effectiveness.
Academic Researcher: Graduates can further their academic pursuits by pursuing doctoral studies, contributing to the advancement of behavioral economics through original research and scholarly publications.
