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Psychology of Economic Life, M.Sc.

  • Anytime
    Application Deadline
  • 12 months


The Psychology of Economic Life programme from London School of Economics and Political Science provides skills for change management and improving socio-economic systems and business models towards more sustainability, by leveraging social values and technologies with a realistic psychology. We are interested in making the world a better place. In that perspective, you will learn how to think outside of the box and apply new approaches to behavioural design. Assessment is part of the learning process and makes use of case studies. These are examples of student essays from the compulsory course, Psychology of Economic Life. 

You will take compulsory courses in the Psychology of Economic Life and Methods for Social Psychological Research. You will then choose from a range of optional courses within the Department (eg, consumer psychology, decision-making, corporate communication, creativity and innovation, advanced theories for economic life) and the School so that you can deepen or widen your expertise, and take up the advanced study of particular aspects of economic life. Over the summer period, you will complete a dissertation based on empirical research.


Graduates of our Department enjoy employment opportunities worldwide in consultancy, government, international organisations, corporations and companies, but also non-governmental organisations (NGOs) and charities. This programme provides skills to the fast-growing demand for innovative and more sustainable ways of doing business. You may choose to continue to obtain a PhD and pursue an academic career.

Programme Structure

Courses include:

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

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 12 months
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

  • Minimum required score:


    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

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  • Minimum required score:


    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

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  • Minimum required score:


    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. Delivered and marked by computer, it reports on a scale between 10 and 90.

General Requirements

  • 2:1 degree or equivalent in any discipline, with a considered interest in the area covered by the MSc

Tuition Fee

  • International

    21744 GBP/year
    Tuition Fee
    Based on the original amount of 21744 GBP per year and a duration of 12 months.
  • EU/EEA

    16008 GBP/year
    Tuition Fee
    Based on the original amount of 16008 GBP per year and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for London

  • 1137 - 2160 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.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.


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