Postgraduate Studentships - Search for funding opportunities.
Postgraduate Studentships - Search for funding opportunities.
Study Details: MSc 1 year full-time
This innovative course in the growing area of decision science and behavioural economics combines multidisciplinary expertise from the Department of Psychology, Department of Economics and Warwick Business School (WBS). The course emphasises both theoretical foundations and real-world application of core and advanced areas of behavioural economics, and the cognitive science of judgement and decision making.
The Science Track variation of the course is designed for students with a first degree in a science-based subject, such as Psychology, Maths, Biology, etc. or a subject with a strong quantitative element, such as Business, Finance, etc.
A variation of the course is offered by the Department of Economics and is available if you have a first degree in Economics.
Skills from this degree
By the end of the course, you should be able to:
2:1 undergraduate degree (or equivalent) in a related subject.
The MSc Behavioural and Economic Science is a quantitative degree and you should feel comfortable taking a mathematical approach to your thinking.
On the MSc we cover the use of statistics to make sense of behavioural data (e.g. regression and ANOVAs). We introduce the R programming language for statistics and mathematical modelling (though we do not assume you have previous experience). We use maths in economic and psychological models.
You should be familiar with some of: elementary calculus, basic geometry, a really basic knowledge of sets, functions like logarithms, exponentials, powers, probability and probability distributions. You do not need to know all of these things, but you should not be frightened about learning about them! Such a quantitative approach is a really great way to understand data from field studies and experiments, and big data sets and surveys. It is also a great way to formalise and think about ideas about how people behave and the aggregate consequences of this behaviour.
For fees and funding options, please visit website to find out more
Graduates from this course have gone on to work at places including: Decision Technology, the Commonwealth Bank, the Bursara Center, the Behavioural Insights Team, and Cowry Consulting.
Our department has a dedicated professionally qualified Senior Careers Consultant offering impartial advice and guidance together with workshops and events throughout the year. We also encourage you to attend a number of networking events held each year, and we hold a series of careers-focused workshops which have previously included topics such as:
Core modules
You will usually study three core modules across Psychology, Economics, and WBS, as well as complete a Behavioural and Economic Science project during the summer.
The three modules usually include:
Behavioural Microeconomics
The aim of this module is to examine the foundations of microeconomic analysis from a behavioural perspective and introduce basic microeconomic concepts to non-economists. It will achieve this objective by subjecting many of the fundamental assumptions made in standard undergraduate degree courses to close critical scrutiny. It will familiarise you with recent research developments in behavioural economics and the possible implications for theory and policy raised by these developments.
Issues in Psychological Science
This module covers core psychology and behavioural science content relevant to later modules in the degree, including memory, attention, perception, personality and individual differences, choice, and subjective well-being. It will provide you with the psychological background to enable you to understand and critically evaluate material on those later modules. Through a combination of lectures, seminars, and laboratory-based sessions, you will learn about both models and data in the relevant areas of psychology.
Methods and Analysis in Behavioural Science
The purpose of the module is to introduce you to experimental design and statistical programming. Behavioural scientists need statistical analysis of experimental data and of large data sets. This module covers these topics to allow you to understand how to test hypotheses, plan experimental design and perform statistical analysis using R.
Optional modules
Optional modules can vary from year to year. Example optional modules may include:
You will choose a number of optional modules to complete.
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