Due to the ongoing impact of COVID-19, information about courses starting in September 2021 may be subject to change. We continue to improve your teaching and learning experience so you gain skills and understanding which are valuable to you and sought after by employers.
Before you apply for a course, please check the website for the most recently published course detail. If you apply to the University of Bath, you will be advised of any significant changes to the advertised programme, in accordance with our Terms and Conditions.
Explore the interesting intersection of psychology and economics. You’ll gain a deep, well-rounded understanding of human behaviour and learn how to predict it.
This MSc enables you to delve deeply into the two inter-related disciplines of psychology and economics, in order to better explore, understand and predict the decisions people make.
Combining economic modelling with what psychology can tell us about individual behaviour and emotions you’ll learn to create highly accurate models for predicting human behaviour, which can then be used to empower behaviour change at both a micro and macro level.
This course is ideal if you are seeking to work in any area where understanding human decision-making is critical. This ranges from industry and healthcare to developing new technologies or policies, and beyond.
The course has been designed from an interdisciplinary perspective, bringing together specialist teaching and expertise from both the Department of Psychology and Department of Economics.
You’ll work with research-active, staff who’ll collaborate to deliver the content, give you exposure to the latest issues and trends, and links with employers, and ensure you gain the interdisciplinary insights that will set you apart in the jobs market.
You will leave this course with:
a deep, interdisciplinary, understanding of the psychological and economic science affecting human factors in decision-making
a thorough understanding of the modelling of human decision-making and the ability to integrate psychological science with this to create enriched models of choice behaviour
the ability to develop powerfully-predictive behavioural models based on a strong bedrock of theory from both psychology and economics
the ability to use models to deliver valid conclusions
This course is highly relevant if you have an economics or psychology background or come from a background where modelling or understanding human behaviour is a key component, such as engineering or sociology.
There is a demand for graduates with interdisciplinary knowledge and skills. You could take your skills into government, banking or finance, healthcare, the third sector, economic regulation, human resources or executive management.
You could also take your studies further to doctoral level.
This course lasts 1 year. It starts in September 2021 and ends in 2022. Welcome week starts on 27 September 2021.
Occasionally we make changes to our programmes in response to, for example, feedback from students, developments in research and the field of studies, and the requirements of accrediting bodies. You will be advised of any significant changes to the advertised programme, in accordance with our Terms and Conditions.
The course includes an online pre-sessional unit that will develop your understanding of theories and modelling in the field. This is not assessed.
Compulsory course units
These compulsory units are currently being studied by our students, or are proposed new units.
Psychological and economic perspectives into decision-making
Statistical and mathematical modelling
Contemporary issues in the understanding of decision-making
Professional skills development
Contemporary issues in the understanding of decision-making
Learning and assessment
Recognition of professional qualifications
As well as being recognised as a higher academic qualification, a number of our degrees are also accredited by professional bodies in the United Kingdom. An accredited degree may entitle you to work in a specific profession within the UK, and abroad (where there are reciprocating arrangements with professional bodies in other countries).
The requirements to practise a profession vary from country to country. If you wish to practise your profession outside the United Kingdom, you are advised to confirm that the UK professional qualification you seek is valid in the country in which you are intending to work.
‘I think this course is really going to help me because I have gained a broad understanding of what drives people’s behaviour. I feel I am going to have that edge over someone else.’
Nina GrassmannMSc Applied Psychology and Economic Behaviour (2019)
You should have a bachelor’s honours degree or international equivalent, typically a 2:1 or above.
To apply for this course you should have an undergraduate degree in an appropriate subject such as psychology or economics, another social science or business-related discipline (business administration, finance, accounting, international trade, banking, financial management, public finance, politics) or another subject which included significant economics or modelling component (physics or engineering).
You must demonstrate basic quantitative skills, acquired through modules such as microeconomics, mathematics or statistics.
We may make an offer based on a lower grade if you can provide evidence of your suitability for the degree.
If your first language is not English but within the last 2 years you completed your degree in the UK you may be exempt from our English Language requirements.
English language requirements
IELTS: 6.5 overall with no less than 6.0 in all components
The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
TOEFL IBT: 90 overall with a minimum 21 in all 4 components
If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.
MSc Applied Psychology and Economic Behaviour from University of Bath on Vimeo.
Fees and funding
Home tuition fees: £10,500
Overseas tuition fees: £23,000
How to pay
Tuition fee loans
If you are studying a postgraduate course, you may be able to take out a loan for your tuition fees and living costs.
Scholarships and bursaries
You could be considered for a bursary or scholarship to help you study at Bath. You do not have to pay it back.
Other payment options
You can pay your tuition fees by Direct Debit, debit card, credit card, cheque, bank transfer or cash. You may also be eligible for a student loan to help you pay your fees.
As well as the cost of books, you will also need to cover the cost of scanning and photocopying. You should budget at least £100 for this.
Some courses involve engagement away from the University campus, and you may be required to pay some or all of the costs for these optional events.