Behavioural Economics

City, University of London

M.Sc. On Campus
12 months
20700 GBP/year
15390 GBP/year
Tuition fee
Apply date
Start date


The Behavioural Economics course at City, University of London is suitable for recent graduates in economics, psychology and related social science or quantitative disciplines who are looking to develop a career in the fast-paced world of behavioural economics, either in the public or private sector.


As the Behavioural Economics course at City, University of London is offered in full-time and part-time modes, it is also suited to professionals who want to enhance their theoretical knowledge and practical skills and would benefit from an academic environment.


Behavioural economics applies psychological insights into human behaviour to investigate how people make economic decisions under various conditions of constraint (e.g. time and knowledge) and influence (e.g. social pressure). This is an important field in modern economics, and the social sciences more generally.

Commercial organisations have long known the limitations of individual decision making and they routinely use this knowledge in their commercial practices (e.g. anchoring effect of minimum payment on credit cards). The practical implications of behavioural economics are varied and significant, and acknowledged to provide a powerful and cost-effective approach to improving human welfare.


Whilst there is not yet a specific occupation of 'behavioural economist', the knowledge and skills acquired are highly valuable in a range of sectors:

  • Economic consultants undertaking marketing activities
  • Health economics consultants developing sales/markets for products (from branded medicines to health insurance schemes)
  • Public policy specialist who advises on the choice architecture of decision making (e.g., transport decisions)
  • Political campaigns and public relations more generally
  • General marketing, sales and consumer psychology (preferences, sensitivity to incentives, and default behaviour)
  • Brand awareness consultancies
  • Financial trading and risk assessment
  • Internet auction companies
  • Design consultancies (e.g. websites)
  • In large international institutions, e.g. World Bank, EBRD, Central Banks etc.

    City’s Behavioural Economics postgraduate course would be especially valuable for professionals who already work in occupations which involve the need to understand the scientific dynamics of human decision making and behaviour (e.g., financial traders who require the right psychological attitude as much as appropriate strategy knowledge).

Programme Structure

Courses include:

  • Principles of Economics
  • Cognitive and Economic Science of Rational Choice
  • Psychological Processes: Individual and Social
  • Behavioural Research Methods: Design and Analysis
  • Experimental Economics and Game Theory
  • Fundamentals of Cognitive Science
  • Applied Econometric and Psychological Research Methods

Key information


  • Full-time
    • 12 months
  • Part-time
    • 24 months
    • Flexible

Start dates & application deadlines




180 alternative credits


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.
Upper Second Class

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).
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.
More about PTE Academic

Other requirements

General requirements

  • At least an upper second class degree in Psychology, Economics or a related discipline (or equivalent in terms of professional qualifications). An equivalent qualification from an overseas university is acceptable. Selection is by application form, personal statement and references. It is not a prerequisite to have a background in Economics or Psychology.
  • If you are applying with an overseas degree, the following is an indication of international equivalents of an upper second class degree from a UK institution
  • If English is not your first language, you need to provide evidence of English proficiency.

Tuition Fee

  • International

    20700 GBP/year
    Tuition Fee
    Based on the original amount of 20700 GBP per year and a duration of 12 months.
  • National

    15390 GBP/year
    Tuition Fee
    Based on the original amount of 15390 GBP per year and a duration of 12 months.


  • Full-time: £15,390
  • Part-time: £7,695 per year
  • Full-time: £20,700
  • Part-time: £10,350 per year
  • Full-time: £20,700
  • Part-time: £10,350 per year


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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Behavioural Economics
City, University of London


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