Psychology of Economic Life

London School of Economics and Political Science

12 months
21744 GBP/year
16008 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 analyse economic phenomena with a social psychological lens, beyond homo economicus.

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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 

Key information


  • Full-time
    • 12 months

Start dates & application deadlines


IELTS or TOEFL needed


On Campus

Academic requirements

GPA admission 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.
GMAT admission requirements GMAT The Graduate Management Admission Test (GMAT) is a test intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. GMAT contains 4 sections - Analytical Writing Assessment, Integrated Reasoning, Quantitative and Verbal. The score has a range from 200 - 800.

English requirements

IELTS admission 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 (required)
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at desiganated 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 (required)
PTE Academic admission requirements 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 (required)

Other requirements

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 for the full programme and a duration of 12 months.
  • EU/EEA

    16008 GBP/year
    Tuition Fee
    Based on the original amount of 16008 GBP for the full programme and a duration of 12 months.


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.

Our partners

Psychology of Economic Life
London School of Economics and Political Science