MSc Behavioural Economics

University Park Campus

 

INTAKE: September

Program Overview

The MSc in Behavioural Economics program offered by the University of Nottingham is a dynamic and comprehensive course designed to equip students with a deep understanding of economic theories while delving into the fascinating realm of human behavior and psychology. This program is tailored for individuals who wish to explore the intricate connections between economics, psychology, and decision-making. 

  1. Economic Foundations: The program offers a strong foundation in traditional economic theories and principles, providing students with a comprehensive understanding of economic frameworks.

  2. Behavioral Insights: Students explore the interplay between economics and psychology, investigating how individuals and groups make decisions, respond to incentives, and exhibit biases in their choices.

  3. Experimental Techniques: The curriculum includes a focus on experimental methodologies used to study human behavior in economic contexts, enabling students to design and conduct experiments to uncover behavioral patterns.

  4. Decision-Making Analysis: Students delve into the analysis of decision-making processes, exploring topics such as risk aversion, prospect theory, and the influence of cognitive biases on economic choices.

  5. Policy Implications: The program emphasizes the practical applications of behavioral economics in shaping policies and interventions that promote better decision-making and societal welfare.

Pollster Education

Location

University Park Campus

Pollster Education

Score

IELTS 6.5

Pollster Education

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:

  • 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.

  1. 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.

  2. 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.

  3. 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.

  4. Consultant: Graduates can offer consultancy services to businesses, advising on strategies that leverage behavioral insights to improve customer engagement, product design, and marketing effectiveness.

  5. 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.


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