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Overview
Overview
The Psychology of Economic Life programme from London School of Economics and Political Science content is organised along two themes: understanding economic behaviour and shaping economic behaviour. Firstly, understanding economic behaviour. In this theme, students will be exposed to key thinkers, theories and recent research in social sciences and economic psychology. Topics in this theme are for instance mental accounts, psychological contracts, decision-heuristics, and social norms for consumption. Secondly, shaping economic behaviour. In this theme, students are introduced to new approaches in behavioural design. Topics here include nudging and installations. Putting both themes together, this MSc seeks to integrate theory with practical application.
The aspiration of the MSc programme is to apply the knowledge learned towards making the world a better place. As such, we seek to apply realistic psychological knowledge to enable more sustainable business models, products, and organisations. We intend to explore new pathways for the economic life of society, beyond the status quo.
The contents of this master's is best represented by former students’ essays. Two notes regarding the orientation of the programme. Firstly, it's grounded in psychological and behavioural science. Hence, although it makes use of statistics, it does not cover formal mathematical modelling of economic phenomena, and is also open to qualitative investigations. Secondly, it draws inspiration from social science theorists. As such, the MSc will have a broader scope than other conventional programmes in psychology.
Careers
Roles for which the contents are of particular interests include (but are not limited to): consultancy roles (eg management consultant), market interface roles (e.g., product manager, project manager, marketing manager), behavioural insights roles (eg market researcher, policy analyst), and business psychology roles (eg organisational designer)
Get more details
Visit official programme websiteProgramme Structure
Courses include:
- Psychology of Economic Life
- Psychological and Behavioural Science
- Methods for Social Psychological Research
- Dissertation
Key information
Duration
- Full-time
- 12 months
Start dates & application deadlines
- StartingApply anytime.
Language
English
IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading). 7
PTE Academic PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. The score refers to a total score which ranges between 10 and 90. 65
TOEFL® IBT The TOEFL iBT® is given online through the internet at designated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30. 100
Credits
180 alternative credits
Delivered
On Campus
Disciplines
Economics Psychology View 762 other Masters in Psychology in United KingdomAcademic requirements
GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems. Upper Second Class
English requirements
IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading). 7
PTE Academic PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. The score refers to a total score which ranges between 10 and 90. 65
TOEFL® IBT The TOEFL iBT® is given online through the internet at designated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30. 100
Other requirements
General requirements
- Upper second class honours (2:1) degree or equivalent in any discipline, with a considered interest in the area covered by the MSc.
Tuition Fee
To alway see correct tuition fees
-
International
23520 GBP/yearTuition FeeBased on the tuition of 23520 GBP for the full programme during 12 months. -
EU/EEA
17328 GBP/yearTuition FeeBased on the tuition of 17328 GBP for the full programme during 12 months.
Living costs for London
1137 - 2157 GBP /month
Living costs
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Funding
Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.
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