Behavioural economics is a rapidly expanding field, investigating the human and social factors influencing the decisions made by consumers, borrowers and investors.
Our research-led approach to teaching guarantees a challenging experience, providing the skills you need to progress as a professional economist or academic researcher.
At the end of this course, you will be able to read and understand current and classic research papers in the field of behavioural economics, and will have received one-to-one guidance to enable you to complete your first behavioural research project or experiment.
Content for this course is informed by the world leading research of the Centre for Decision Research and Experimental Economics (CeDEx). You will learn about the experimental methods used by our researchers and use our computer lab to conduct economic experiments. You will also be invited to attend workshops and seminars that are run by the centre, which include speakers from across the globe.
Dual degree option
The school has professional links with the University of Konstanz and the University of Tübingen in Germany. If you complete the taught component of this course, you can transfer onto our dual degree and spend a second year in Konstanz or Tübingen. This is a great opportunity to travel abroad and study at a highly ranked university in beautiful parts of Germany.
- 2nd in the world for cognitive and behavioural economics in the Research Papers in Economics rankings 2018
- 6th in the UK for research power in the latest Research Excellence Framework
- Top 100 worldwide for economics in the QS World University Rankings by Subject 2018
This course comprises 120 credits of core and optional modules, plus a 60-credit dissertation on a subject of your choice. You will receive one-to-one support from an expert academic supervisor, and methodological and practical guidance through our Economic Research Methodology module.
In semester one, you will take modules in microeconomic theory, macroeconomic theory, econometric theory and economic data analysis.
In semester two, you will take two further required modules in behavioural economic theory and experimental methods in economics. You will also start work on your dissertation by taking a module in economic research methodology, and choose two optional modules from a wide range.
After completing your semester two modules, you will undertake a 15,000-word supervised dissertation which will demonstrate familiarity with a particular area of behavioural economics.
Modules are assessed by a combination of exams and coursework at the end of the relevant semester.
- Behavioural Economic Theory
- Experimental Methods in Economics
- Microeconomic Theory
- Macroeconomic Theory
- Econometric Theory
- Economic Data Analysis
- Economic Research Methodology
- MSc Dissertation: Economics
- Advanced Macroeconomic Methods
- International Macroeconomics
- Advanced Microeconomic Theory
- Monetary Theory and Practice
- Time Series Econometrics
- Financial and Macroeconometrics
- Applied Microeconometrics
- International Trade Theory
- Trade Analysis and Policy
- Economics of Household Finance
- Economics of Corporate Finance
- Applied Behavioural Economics
- Development Policy Analysis
The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. This list is an example of typical modules we offer, not a definitive list.
This course is particularly relevant if you wish to pursue behavioural or experimental economics research at PhD level, or a career in a wide range of fields, including finance.
William Mailer studied economics in Australia and the US before applying for MSc Behavioural Economics during a visit to Nottingham. It's fitting that he now describes his route to this life-changing decision as "a complete long shot", as he was actually in the city to play in a football tournament.
Since graduating he has returned to Sydney to work for PwC, establishing the company's behavioural economics consultancy practice in 2014. The initiative has proved such a success that PwC is now building behavioural economics expertise into its services around the world.
Nottingham economics postgraduates are spread around the globe, working in academia, government and the private sector. Our courses provide specialist skills in theoretical and empirical economics, which are sought-after by employers.
Employability and average starting salary
94.4% of postgraduates from the School of Economics who were available for employment secured work or further study within six months of graduation. £31,750 was the average starting salary, with the highest being £45,000.*
* Known destinations of full-time home postgraduates 2016/17. Salaries are calculated based on the median of those in full-time paid employment within the UK.
Career and professional development
Whether you are looking to enhance your career prospects or develop your knowledge, a postgraduate degree from the University of Nottingham can help take you where you want to be.
Our award-winning Careers and Employability Service offers specialist support and guidance while you study and for life after you graduate. They will help you explore and plan your next career move, through regular events, employer-led skills sessions, placement opportunities and one-to-one discussions.
2:1 (or international equivalent) in a discipline with significant economics content
English language requirements
IELTS: 6.5 (no less than 6.0 in any element)
This school offers programs in:
Last updated October 9, 2018