City University London

Course Introduction

The course 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 field has emerged as an important area of 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.

Course Modules

Modules 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; professional aspects of behavioural economics.

Course Additional Entry

Applicants must have a first or upper second class degree in Psychology, Economics or a related discipline. An equivalent qualification from an overseas university will also be considered. Selection will be by application form, references and interview. It is not a prerequisite to have a background in Economics or Psychology. If your first language is not English, then the following qualifications will meet the English language requirement for entry to a postgraduate course of study: A first degree from a UK university or from the CNAA; A first degree from an overseas institution recognised by the University as providing adequate evidence of proficiency in the English language, for example, from institutions in Australia, Canada or the USA; GCE O'level/GCSE English language or English literature, grade C minimum.

Duration & Attendance Qualification Tuition fees
1 year
Full Time
MSc (Postgraduate) £19,500  Academic year. First year overseas fees
1 year
Full Time
MSc (Postgraduate) £14,500  Academic year. First year home fees
2 years
Part Time
MSc (Postgraduate) £9,850  Academic year. First year overseas fees
2 years
Part Time
MSc (Postgraduate) £7,250  Academic year. First year home fees