Master of Science in Behavioural and Experimental Economics

The Master of Science in Behavioural and Experimental Economics at the University of Essex is an innovative program designed to equip students with the analytical and research skills necessary to understand and influence economic behavior. This multidisciplinary course integrates core theories from psychology, economics, and experimental methodology, providing students with a comprehensive understanding of how behavioral insights can be applied to real-world scenarios. Students will engage deeply with the foundational principles of behavioral economics, exploring how cognitive biases and social influences affect decision-making processes in both individual and group contexts.

The curriculum is meticulously crafted to include both theoretical frameworks and hands-on research experiences. Students will have the opportunity to delve into courses such as Experimental Methods in Economics, Behavioral Game Theory, and Market Design, which are all designed to foster critical thinking and innovative problem-solving abilities. Furthermore, the program emphasizes practical learning through projects and case studies, ensuring that graduates are not only knowledgeable but also capable of applying their skills in various settings, including academia, industry, and policy-making.

Faculty members at Essex Business School are recognized leaders in the field of behavioral and experimental economics, bringing a wealth of knowledge and expertise to the classroom. Many faculty members have extensive research backgrounds and are regularly published in top-tier journals, offering students the chance to learn from active contributors to the field. Their teaching methodology is centered around fostering an interactive and engaging learning environment where students are encouraged to explore ideas, collaborate with peers, and participate in discussions that challenge conventional wisdom.

The University of Essex is not just an academic institution; it is a vibrant community that values research and real-world application. Students in this program can take advantage of a range of research opportunities, including access to cutting-edge laboratories and facilities dedicated to experimental economics. The university actively promotes student involvement in ongoing research projects, allowing students to contribute to pioneering studies that can shape future economic policies and business practices.

Internships and industry connections are pivotal components of the program, with the university maintaining strong partnerships with various organizations and government bodies. These connections provide students with invaluable networking opportunities and the chance to gain practical experience through internships that complement their academic learning. Graduates of the program are well-positioned to enter a diverse array of sectors, including finance, public policy, market research, and academia, with median base salaries around £35,000, reflecting the high demand for skills in behavioral analysis and research.

Alumni of the Master of Science in Behavioural and Experimental Economics program have gone on to achieve remarkable success across various industries. Many have secured influential roles as economists, data scientists, or consultants, while others have pursued academic careers, contributing to research and education in higher learning institutions worldwide. The testimonials from alumni consistently highlight the transformative impact of their education at the University of Essex on their careers and personal development.

In summary, the Master of Science in Behavioural and Experimental Economics at the University of Essex is a unique opportunity for students to immerse themselves in a dynamic and evolving field. With a robust curriculum, experienced faculty, and extensive research and internship opportunities, this program is tailored for those seeking to make a significant impact in the realm of behavioral economics.

Why Study Behavioural and Experimental Economics at University of Essex

• A popular choice for international students, creating a rich and diverse academic community that enhances learning experiences.
• Learn from distinguished faculty members who are experts in their field, and have the opportunity to work as their research assistants, gaining valuable mentorship and guidance.
• Access to high-end labs and resources that facilitate pioneering research work, ensuring that students can conduct experiments and analyses using the latest tools and technology.
• Robust placement programs and career services that assist students in securing internships and job opportunities, ensuring a successful transition from academic to professional life.
• Engage in collaborative research projects that contribute to real-world solutions, bridging the gap between theory and practice in behavioral economics.
• The vibrant campus life and diverse student body offer a supportive environment that fosters personal growth and development alongside academic achievement.

Admission to the program requires a bachelor's degree in a related field, along with several key application materials. Prospective students will need to submit a transcript, a personal statement, an academic letter of recommendation, and a resume. Additionally, international applicants must demonstrate English proficiency through standardized tests such as TOEFL (minimum score of 76), PTE (minimum score of 50), or IELTS (minimum score of 6.0).

The Master of Science in Behavioural and Experimental Economics is an excellent choice for anyone looking to deepen their understanding of economics through the lens of human behavior. The program not only prepares students academically but also equips them with practical skills necessary to thrive in a competitive job market.