Master of Behavioural Economics

at University of Technology Sydney

The Master of Behavioural Economics provides thorough training in behavioural economics and its application in the industry and government. This course introduces students to the rapidly expanding field of behavioural economics by providing a foundation in standard economic theory and by building the behavioural models on this foundation. This gives students a solid understanding of behavioural economics by combining economic theory and psychological insights.
 

At a fundamental level, students learn about the key aspects of human behaviour relevant to economic decisions: heuristics and biases in individual decision making and their implications in strategic interactions. Students are taught how to use these insights in experiments in order for them to be able to create new knowledge about human behaviour in the specific context they will face (e.g. customers in a given industry). They are trained to understand modern approaches in data science and how they can be used to study and understand human behaviour.
 

This understanding allows them to analyse a wide range of situations and behaviours in different decision-making environments. Students are given the opportunity to apply behavioural economics concepts in different decision-making environments, including financial decision making, health, education, and the environment. The Master includes substantial hands-on training where students have to develop their own research project either oriented to a general question or to an applied question, working for an actual industry or government organisation.
 

This course is designed to train a well-rounded behavioural economist to take leading positions in behavioural units or other relevant professions (e.g. consultancy, management, marketing).