M.Sc. On Campus

Psychology of Economic Life

London School of Economics and Political Science

12 months
24456 GBP/year
18024 GBP/year
Tuition fee
Apply date
Start date


The Psychology of Economic Life programme from London School of Economics and Political Science teaches you to understand and shape economic behaviour - beyond homo economicus (economic man).



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.


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)

Programme Structure

Courses include:

  • Psychology of Economic Life 
  • Psychological and Behavioural Science 
  • Methods for Social Psychological Research
  • Dissertation 

Key information


  • Full-time
    • 12 months

Start dates & application deadlines


180 alternative credits


On Campus

Academic requirements

GPA admission requirements GPA
Upper Second Class

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

    24456 GBP/year
    Tuition Fee
    Based on the tuition of 24456 GBP per year during 12 months.
  • National

    18024 GBP/year
    Tuition Fee
    Based on the tuition of 18024 GBP per year 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.


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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Psychology of Economic Life
London School of Economics and Political Science


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