Over the past decade, techniques in behavioural economics have been applied by a large number of both private and public sector organisations. These include the Bank of England, Coca-Cola, the Financial Conduct Authority, Google, HMRC, Hyundai, HSBC, Oxfam, VISA and the NHS, while concepts from behavioural economics are widely used in areas such as marketing, organ donor framing, incentives to save, incentives to spend, behavioural health economics, etc. There does not seem to be an aspect of life in which applications from behavioural economics are not relevant.
This brand new MSc course, in both full-time and part-time options, is the first of its type in Europe and offers a focus on both the theoretical aspects and practical applications of behavioural economics. A three month behavioural project, which can be completed at Middlesex, abroad or at your own work place, is just one of the elements that emphasises the real-world applications that are integral to the course.
Middlesex University is also home to the Behavioural Economics Group, which conducts leading research in the field and has been recently ranked 8th in the UK by Research Papers in Economics (RePEc).
The course is particularly aimed at individuals with extensive work experience in areas such as policy making and senior management in any type of organisation in the public or private sector. The tools and techniques we teach are also in great demand in organisations that seek to understand customer and consumer behaviour.
Recent graduates from related disciplines looking to enter into the fast growing area of behavioural economics are also encouraged to apply, including anthropology, business, economics, finance, political science, psychology, sociology, neuroscience, etc. Those holding degrees in maths or physics are also welcome.
This module aims to provide students with an advanced knowledge of individuals' decision-making as well as a clear understanding of how individuals and firms behave in context of strategic interaction. The module combines both theoretical knowledge and behavioural data, with a special emphasis on principal-agent relationship and labour markets. The module is divided into three main topics: Games of Strategy, Behavioural Labour Economics, and Individual Decision Making. It also provides students with a basic knowledge about how to programme laboratory experiments.
This module aims to equip students with essential mathematical and statistical skills to help analyse data arising from economic experiments, present results and interpret findings. You need to master the techniques of locating, describing, differentiating and analysing data to aid with conducting economic and social experiments as well as processing and presenting findings.
This module consists of four parts. The first part will provide students with an advanced understanding of the principles of experimental design in experimental economics. In the second part, the students will learn about different theories and the central findings of the experimental research programmes on the topic of social preferences. The third part will introduce students to special issues concerning running (and interpreting the results of) field experiments. In the fourth and final part, we will discuss, using relevant examples from the recent literature, a number of current developments in experimental economics.
This module aims to introduce students to advanced topics in behavioural economics - with special focus on behavioural market and behavioural finance. The module has three parts - the first is designed to analyse rigorously how consumers, firms and markets behave. The second part explores issues in behavioural finance. The third part is designed - via weekly seminars - to introduce ongoing research in experimental and behavioural approaches to economics.
The aims of the module are to provide hands-on experience with behavioural economics and advanced knowledge of the practice of empirical research in behavioural and experimental economics. The student will work under the supervision of a professor carrying out laboratory or field experiments. This will provide the student with a unique perspective of the practice of behavioural economics.
The Business School is piloting a new initiative to provide students with a free e-book for each module they are studying. The Library will continue to have a good selection of books in both hard copy and electronically to support you during your course and you will also be able to buy other books from our new online book shop.
Your programme will be facilitated using a variety of media and online tools (My Learning on UniHub, podcasts, wikis, etc.), which will allow you flexible access to a diverse range of online resources, quizzes and learning materials as well as collaborative tools with which you can engage and learn with your peers.
Not confined by the time and space associated with traditional teaching methods you may take part in online discussions and learning activities from wherever you are studying. Your tutors and UniHelp advisors will provide any support you may need while learning online. By engaging with e-learning you will also be developing skills that are essential for your learning and are also highly valued by employers. These include but are not limited to: working flexibly; communication; understanding of IT; team working; and creating shared understandings based on quality resources and access to global expertise.
The Hendon campus has a wireless network so you can use your own devices, but there are also open access computers available in the library.
UK/EU and international students are eligible to apply for this course.
If you have relevant qualifications or work experience, academic credit may be awarded towards your Middlesex University programme of study. For further information please visit our Accreditation of Prior Learning page.
We accept the equivalent of the above qualifications from a recognised overseas qualification. To find out more about the qualifications we accept from your country please visit the relevant Support in your country page.
If you are unsure about the suitability of your qualifications or would like help with your application, please contact your nearest Regional office for support.
You will not need a visa to study in the UK if you are a citizen of the European Union, Iceland, Liechtenstein, Norway or Switzerland. If you are a national of any other country you may need a visa to study in the UK. Please see our Visas and immigration page for further information.
You must have competence in English language to study with us. The most commonly accepted evidence of English language ability is IELTS 6.5 (with minimum 6.0 in all components). We also normally require Grade C GCSE or an equivalent qualification. Visit our English language requirements page for a full list of accepted tests and qualifications.
If you don't meet our minimum English language requirements, we offer an intensive Pre-sessional English course.
Entry onto this course does not require an interview, portfolio or audition.
Applications for postgraduate study should be made directly to the university. Please visit our Postgraduate application page for further information and to apply.
The overall purpose of our programmes is to develop professionals who can manage ethically, sensitively and holistically in a range of organisations in an increasingly global and rapidly changing environment. Our MSc is suited for an individual working for dynamic organisations where freedom of thought is encouraged.
Middlesex University is committed to supporting you to develop your employability skills and we do this by designing your programme - Behavioural Economics in Action - so that you have the opportunity to develop a key set of employability skills including team working, self-management, communication, literacy and numeracy, and policy awareness.
For those students studying full time, the module in which you will have the greatest opportunities for engaging with employers directly and applying the skills and knowledge gained on your programme will be ECS4005 Practice and ECS4006 Dissertation. With these modules you will gain valuable insights into personal development and research skills and you will be provided with assistance in gaining access to organisations with which you will conduct your practical work and/or research project.
Although this highlights to a certain extent how employability has been embedded in some of the modules in the programme, it is still your responsibility to actively seek out these skills and identify what is covered where.
Your employability cannot be ensured without you engaging with and understanding the importance of learning these skills. Once you take ownership of this, the University can support your development in a variety of proven and relevant ways both within and outside the curriculum and, outside the University, by helping you to make sense of your experiences and understand how to articulate your learning and development.
We also offer extra-curricular opportunities, including a wide range of support delivered through our Employability Service; a range of services through our Enterprise Development Hub to help you research, develop and start a business; numerous opportunities for you to work for Middlesex while you study and one of the most comprehensive exchange programmes in the UK.
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