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

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

• Master’s behavioural economics courses
• Doctoral behavioural economics courses

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

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. 

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

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

Data updated as of January 2024

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