Behavioural Economics Courses in UK
Behavioural economics is a field of study that combines psychological concepts and economics to examine the way individuals make decisions. It includes concepts such as cognition, emotion, and social influences to analyse the economic behaviour of individuals.
Behavioural economists study how individuals change from the regular economic models, and identify their causes. These enable them to develop effective methods and policies that align with how people make choices.
Behavioural economics has applications in various fields, including finance, marketing, and healthcare. Overall, behavioural economics helps in understanding economic decision-making through the concepts of human psychology.
Many behavioural economics university courses in UK cover all these aspects. Here's everything you should know about behavioural economics courses in UK.
Behavioural economics courses in UK: Key highlights
| Course type | Full-time |
| Course duration | 1-3 years |
| Educational qualifications | Students with a study background in economics, mathematics, finance, statistics, physical sciences, engineering, or computer science, and at least 60% marks can pursue behavioural economics courses in UK. |
| English proficiency and entrance exam requirements | IELTS: 6.5 TOEFL: 90 (Check with the university for the minimum IELTS or TOEFL scores) |
| Fees range | £15,000 - £25,000 |
Data updated as of January 2024
Behavioural economics: An overview
- Behavioural economics is the study of why people make unexpected choices in monetary decisions.
- This field of study involves psychology to assess the economic behaviour of humans.
- Key principles in behavioural economics include the study of biases that can affect human decision-making.
- Professionals with expertise in behavioural economics are in high demand, making courses in this field essential.
Why study behavioural economics courses in UK?
Studying behavioural economics courses in UK offers several benefits. Here are three compelling reasons:
- Behavioural economics courses in UK are one of the most popular degrees in the country. The universities provide globally recognised courses and help students obtain the required knowledge and skills for a successful career.
- The courses develop your strategic thinking, behavioural analysis, and psychology.
- The UK is a top study destination for students across the globe. The country provides high-paying opportunities for graduates in various industries.
Top behavioural economics courses in UK for international students
- PhD Economics - Experimental and Behavioural Economics
- MSc Behavioural Economics and Data Science
- MSc Behavioural and Experimental Economics
- MSc Behavioural Economics and Finance
- MSc Behavioural and Experimental Economics
- MSc Behavioural Economics
- MSc Behavioural Economics
Best universities for behavioural economics courses in UK
Some of the top universities for behavioural economics courses in UK are:
- University of Leicester
- University of East Anglia
- University of Exeter
- University of Essex
- City University of London
- University of Nottingham
Different study levels for behavioural economics in UK
Eligibility criteria to study behavioural economics courses in UK
When applying for a course, your profile should satisfy the eligibility criteria for the specific field of study. Here are the basic eligibility requirements for studying behavioural economics courses in UK for international students.
Eligibility criteria for pursuing behavioural economics courses in UK
| Factor | Eligibility criteria |
|---|---|
| Educational qualifications | Students with a study background in economics, mathematics, finance, statistics, physical sciences, engineering, or computer science, and at least 60% marks can pursue behavioural economics courses in UK. |
| English proficiency and entrance exam requirements | IELTS: 6.5 TOEFL: 90 (Check with the university for the minimum IELTS or TOEFL scores) |
| Visa | UK student visa |
Data updated as of January 2024
Note: The minimum grades and educational requirements differ with every university. Make sure to check if your scores meet the institution’s standards.
Student requirements to study behavioural economics university courses in UK
Once you satisfy the eligibility criteria, universities will request you to provide documents to proceed with your application. Check if you have the documents below to proceed with the application.
- Academic transcripts
- Letter of Recommendation (LOR)
- Statement of Purpose (SOP)
- Resume or Curriculum Vitae (CV)
- Passport
- Admissions test results
- English language proficiency test scores
- Proof of funds
- Visa
Visa requirements for international students to study behavioural economics courses in UK
You need a student visa to study behavioural economics courses in UK.
| Visa | Cost |
|---|---|
| UK student visa | £363 |
Data updated as of January 2024
Documents required for international students to apply for a visa
- Your passport
- A letter of acceptance from your course provider
- Proof of financial support
- Letter of explanation (explain your purpose and requirement for visa)
- Necessary medical test results
Average fees to study behavioural economics courses in UK
| Fees for behavioural economics courses in UK | Average fees |
|---|---|
| Minimum fees | £15,000 |
| Maximum fees | £25,000 |
Data updated as of January 2024
Cost of living for international students in UK
The average annual cost of living for international students in UK ranges from £12,000 - £15,000.
Data updated as of January 2024
Scholarships to study behavioural economics courses in UK
A scholarship is a financial aid that grants students a certain amount of tuition fees and reduces their expenses while studying abroad. Edvoy has partnered with institutions worldwide to offer scholarships for international students pursuing higher education. The scholarships are:
Academic scholarships
Academic scholarships award international students with remarkable academic performance. Institutions choose student profiles with good scores and provide scholarships based on their grades.
Government-funded scholarships
Government-funded scholarships are awarded to international students who accept the institution’s offer and pay a certain amount of tuition fees. These scholarships reduce student expenses by waiving a certain amount of tuition fees.
Note: Edvoy acts as a platform for you during the application process. Only the university deems your profile eligible and determines the final amount.
Job opportunities for behavioural economics graduates in UK
There is a high demand for behavioural economics graduates in UK, increasing the job opportunities for international students.
How much does a behavioural economics professional earn in UK?
The average annual salary for behavioural economics professionals in the UK ranges from £35,000 to £55,000.
(The above salary range is approximate and is taken from various sources.
Sources: Talent.com, Glassdoor, and LinkedIn)
Top career options for behavioural economics graduates in UK
After completing behavioural economics courses in UK, there are a lot of career opportunities that you can take up. Some of the job roles available are:
- Behavioural Economist
- Behavioural Scientist
- Research Assistant - Behavioural Economics
- Lecturer - Behavioural Economics
(Sources: Talent.com, Glassdoor, and LinkedIn)
Post-study work permit after completing behavioural economics programs in UK
| Country | Name of post-study work visa | Length of time to stay in the country |
|---|---|---|
| UK | Graduate visa | 2 years |
Data updated as of January 2024
Related behavioural economics courses
Top behavioural economics programs in UK
You don’t have to stop at behavioural economics programs in UK. For example, you can search for behavioural economics undergraduate degree UK. If you are interested in a topic, refer to the list below - you might see something jump out!
- MSc Economics: Behavioural InsightsUniversity of Exeter£25,600
- MSc Behavioural EconomicsCity University of London£24,000
- MSc Behavioural EconomicsUniversity of Nottingham£25,000
- MSc Behavioural Economics and FinanceUniversity of Exeter£20,100
- PhD Economics - Experimental and Behavioural EconomicsUniversity of Leicester£15,520
- MSc Behavioural Economics and Decision ScienceUniversity of Huddersfield£18,700
- MSc Behavioural Economics and Data ScienceUniversity of East Anglia£21,200
- Masters in Behavioural FinanceUniversity of Reading£27,500
- MSc Behavioural and Experimental EconomicsUniversity of East Anglia£19,800
- MSc Behavioural and Experimental EconomicsUniversity of Essex£22,400
- Media Studies And Communication in UK
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FAQ
Students with a study background in economics, mathematics, finance, statistics, physical sciences, engineering, or computer science, and at least 60% marks can pursue behavioural economics courses in UK.
Even though behavioural economics courses in UK may have a demanding and rigorous curriculum, studying these courses is relatively easy. Behavioural economics is a promising career with increasing demand for skilled professionals.
Behavioural economics involves some amount of maths since it uses mathematical methods and calculations to analyse human behaviour for economic decision-making.
- Behavioural economics courses in UK are one of the most popular degrees in the country. The universities provide globally recognised courses and help students obtain the required knowledge and skills for a successful career.
- The courses develop your strategic thinking, behavioural analysis, and psychology.
- The UK is a top study destination for students across the globe. The country provides high-paying opportunities for graduates in various industries.
- Professionals with expertise in behavioural economics are in high demand, making courses in this field essential.
Behavioural economics combines psychological concepts and economics to examine how individuals make decisions. It reasons why people make unexpected choices in monetary decisions.
Psychology considers human decision-making and analyses human behaviour from a non-economical perspective.
Pursuing behavioural economics courses in UK has various perks for international students. Here are some advantages of studying behavioural economics courses in UK.
- Globally recognised courses
- Competitive salary
- Various networking connections
- Employment opportunities after graduation
Some of the top universities for behavioural economics courses in UK are:
The duration of behavioural economics courses in UK varies from 1-3 years.
The average annual salary for behavioural economics professionals in the UK ranges from £35,000 to £55,000.
Highlights
- Institutions offering the courses100
- Count of PG courses8
- Count of Doctorate courses1
- Fee range (min-max)£15,000 - £25,000
