MSc Economics: Behavioural Insights

1 Years On Campus Masters Program

University of Exeter

Program Overview

This MSc is designed for students who want to combine rigorous economic analysis with insights from psychology and behavioural science. It suits graduates from economics or related disciplines who are curious about how people make decisions and how those decisions shape markets, policy, and society.

Curriculum Structure

Semester 1 – Core Economic Foundations
Students begin with Microeconomics, Macroeconomics, and Econometrics, building a strong foundation in economic theory and quantitative analysis. These modules develop the ability to model individual and market behaviour, understand macroeconomic policy, and work with real-world data using statistical tools.

Semester 2 – Behavioural Focus and Applied Economics
This semester allows students to specialise through modules such as Behavioural Economics, Applied Econometrics, and Economics of Banking. Students explore how cognitive biases, heuristics, and social preferences influence economic decisions, and how these insights can improve policy and business strategy.

Summer Term – Dissertation
Students complete an independent research dissertation under expert supervision, applying behavioural and empirical methods to a topic of their choice. This final project showcases their ability to conduct rigorous analysis and communicate findings effectively.

Focus areas

Behavioural economics, microeconomics, macroeconomics, econometrics, decision-making, financial systems, policy design.

Learning outcomes

Graduates will be able to apply behavioural insights to economic problems, analyse complex datasets, evaluate policy interventions, and communicate findings clearly.

Professional alignment (accreditation)

Delivered by the University of Exeter Business School, which holds EQUIS and AMBA accreditation — recognised globally for academic and professional excellence.

Reputation (employability rankings)

The University of Exeter ranks in the UK Top 15 for Economics (Complete University Guide 2024), and 95% of postgraduates are in work or further study within 15 months. The Business School’s strong industry links and research-led teaching enhance graduate outcomes.

Experiential Learning (Research, Projects, Internships etc.)

This program is designed to help students apply behavioural theory to real-world decision-making using advanced tools and collaborative learning. From econometric modelling to independent research, students work with specialist software and datasets in a research-intensive environment. The University of Exeter Business School provides access to cutting-edge facilities, digital platforms, and expert-led workshops that mirror professional practice.

Here’s how students gain practical experience throughout the year:

Econometrics and Applied Modules: Students use software such as Stata and R to analyse behavioural data and conduct policy simulations.
Independent Dissertation: A supervised research project focused on behavioural economics, often using experimental or survey-based datasets.
Group Work and Case-Based Learning: Modules include collaborative tasks that simulate behavioural policy design and strategic decision-making.
Access to Bloomberg Terminals: Students can explore financial markets and behavioural finance indicators using industry-standard tools.
Specialist Library Resources: Full access to Exeter’s digital databases including JSTOR, EconLit, and OECD iLibrary, plus support from subject librarians.
Workshops and Guest Lectures: Delivered by academic researchers and behavioural science professionals, covering topics like nudging, consumer behaviour, and policy evaluation.
Research Centres: Opportunities to engage with the Centre for Economic Research and Institute for Data Science and Artificial Intelligence through seminars and events.

Progression & Future Opportunities

Graduates from this program are equipped to work in behavioural policy, economic consultancy, and data-driven strategy roles across government, finance, and tech sectors. Many go on to roles in behavioural research, regulatory bodies, and international organisations. Typical job titles include: Behavioural Economist, Policy Advisor, Behavioural Insights Analyst, and Economic Consultant.

Here’s how Exeter supports your career journey:

Career Zone Services: Students benefit from tailored support including career coaching, employer events, CV and interview workshops, and access to the Handshake platform for internships and graduate roles.
Graduate Outcomes: 95% of University of Exeter postgraduates are in work or further study within 15 months of graduation.
Salary Figures: Economics graduates from Russell Group universities report average starting salaries of £30,000–£35,000, with strong progression in consultancy and behavioural science roles.
Industry Partnerships: The Business School collaborates with organisations such as the Behavioural Insights Team, Bank of England, and PwC through guest lectures, research seminars, and alumni networks.
Accreditation Value: Delivered by the EQUIS- and AMBA-accredited University of Exeter Business School — a global benchmark of excellence recognised by employers.
Graduate Destinations: Alumni work in institutions like the UK Civil Service, Deloitte, European Central Bank, and behavioural units within international development agencies.

Further Academic Progression:
Students who wish to continue their academic journey can pursue a PhD in Behavioural Economics, Public Policy, or Decision Science. The University of Exeter offers doctoral research opportunities through its Business School and affiliated research centres such as the Centre for Economic Research and the Institute for Data Science and Artificial Intelligence.