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Behavioural Economics in Action, MSc Behavioural Economics in Action, MSc Middlesex University

Middlesex University

Masters Degree , Economics

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Course Description

Over the past decade, techniques in behavioural economics have been applied by a large number of private and public sector organisations ranging from Coca-Cola, Google and Visa to the Bank of England, Oxfam and the NHS. Concepts from behavioural economics are widely used in areas including marketing, organ donor framing and incentives to save or spend. There seems to be no aspect of life in which applications from behavioural economics are not relevant.

Why study MSc Behavioural Economics in Action at Middlesex University?

This course is highly relevant to individuals from policy making and management backgrounds in the public and private sectors, as well as graduates from a range of backgrounds including anthropology, business, economics, finance, political science, psychology, sociology, neuroscience, maths and physics. The tools and techniques we teach, particularly the design of experiments including spatial randomization and clustering, are in great demand in organisations that seek to understand customer and consumer behaviour.

Our economics department has the largest group of academics working in the field of behavioural economics in London, holds regular seminars and talks from visiting researchers and has a network of international collaborators from all over the world. This high level of collaboration and exchange of knowledge means you benefit from being part of a highly active department, as well as participating in practical learning as you develop the skills to design, run and interpret trails and experiments with academics, other institutions and international labs.

Course highlights

  • High level of engagement with experiments including the design, running and interpretation of trials with an emphasis on education, health, marketing and voting
  • Be part of a highly active department which host regular seminars and welcomes research visitors
  • The department has a dedicated Behavioural Economics Group (BEC), who run experiments in both the lab and the field, and conduct research in areas including cooperation and altruism, markets and collusion, belief elicitation and social networks
  • A wide base of international collaborators from the USA, Latin America, Europe, Asia and Australia feeding into the knowledge and expertise

Course Content

This course teaches you how to design experiments and interventions, imparts the approaches and skills necessary to analyse data generated from interventions and enhances an understanding of how to dig deeper into the nature of problems faced in society. The modules centred on behavioural economics, data analysis, experimental economics and behavioural markets all provide students with the advanced knowledge and skills required to tackle the keys topics of the subject area. The practice element of the course gives you the chance to see the process of designing of an experiment or survey, how other researchers run experiments or analysis of results from previous interventions

The dissertation element of the course gives you an opportunity to apply the knowledge and skills you have gained to explore and area of behavioural economics that is of particular interest to you. This project can be developed with an academic within the school or an external supervisor.

There are three different awards available for this course:

  • PG Certificate route comprises two 30 credit modules
  • PG Diploma route comprises two 30 credit modules and four 15 credit modules
  • MSc route comprises two 30 credit modules, four 15 credit modules and a dissertation

Modules

  • Behavioural Economics (15 credits) - Compulsory

  • Data Analysis (15 credits) - Compulsory

  • Experimental Economics (15 credits) - Compulsory

  • Behavioural Markets (15 credits) - Compulsory

  • Practice 1 (30 credits) - Compulsory

  • Dissertation (60 credits) - Compulsory

  • Practice 2 (30 credits) - Compulsory

 

Entry Requirements

Qualifications

  • We normally require a second-class honours degree 2:2 or above in the field of economics, business management, business administration, international business and other relevant areas.

Eligibility

UK/EU and international students are eligible to apply for this course.

Academic credit for previous study or experience

If you have relevant qualifications or work experience, academic credit may be awarded towards your Middlesex University programme of study. For further information please visit our Accreditation of Prior Learning page.

Interviews, entrance tests, portfolios and auditions

Entry onto this course does not require an interview, portfolio or audition.

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