C04440v2 Master of Behavioural Economics
Award(s): Master of Behavioural Economics (MBehavEcon)CRICOS code: 106031A
Commonwealth supported place?: No
Load credit points: 72
Course EFTSL: 1.5
Location: City campus
Overview
Career options
Course intended learning outcomes
Admission requirements
Pathway course
Course duration and attendance
Course structure
Course completion requirements
Course program
Articulation with UTS courses
Other information
Overview
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).
Career options
Career options include management-level positions in industry or government.
Course intended learning outcomes
| 1.1 | Develop novel solutions to address behavioural economic factors in business problems, including the methods to test and implement them |
| 2.1 | Convey information clearly and fluently in written, verbal and visual form appropriate for the problem, data and stakeholders |
| 2.2 | Collaborate and coordinate with members of a working group and interact with stakeholders to deliver effectively agreed outcomes |
| 3.1 | Assess the ethical issues raised by behavioural interventions, using the principles of equity, effectiveness, efficiency and sustainability as well as Indigenous values relating to professional practice in Behavioural Economics |
| 4.1 | Synthesise the latest evidence in theoretical and empirical research with quantitative and qualitative expertise in Behavioural Economics to lead professional practice |
Admission requirements
Applicants must have completed a UTS recognised bachelor's degree, or an equivalent or higher qualification, or submitted other evidence of general and professional qualifications that demonstrates potential to pursue graduate studies.
The English proficiency requirement for international students or local applicants with international qualifications is: Academic IELTS: 6.5 overall with a writing score of 6.0; or TOEFL: paper based: 550-583 overall with TWE of 4.5, internet based: 79-93 overall with a writing score of 21; or AE5: Pass; or PTE: 58-64 with a writing score of 50; or C1A/C2P: 176-184 with a writing score of 169.
Eligibility for admission does not guarantee offer of a place.
International students
Visa requirement: To obtain a student visa to study in Australia, international students must enrol full time and on campus. Australian student visa regulations also require international students studying on student visas to complete the course within the standard full-time duration. Students can extend their courses only in exceptional circumstances.
Pathway course
Students who do not meet the requirements to gain entry into the Master of Behavioural Economics may be eligible for entry into the Graduate Certificate in Behavioural Economics (C11299). Satisfactory completion of the UTS Graduate Certificate allows students to articulate into the Master of Behavioural Economics.
Course duration and attendance
The course is offered on a one-and-a-half year, full-time or three-year, part-time basis.
Course structure
The course totals 72 credit points and consists of a combination 3 and 6 credit points subjects (60 credit points) and 12 credit points of research or internship project.
Course completion requirements
| STM91635 Core subjects | 72cp | |
| Total | 72cp |
Course program
Students must complete a total of 72 credit points.
| Autumn commencing, full time | ||
| Year 1 | ||
| Session 2 | ||
| 23714 Rationality and Incentives | 3cp | |
| 23715 Game Theory and Strategic Decision Making | 3cp | |
| Autumn session | ||
| 23708 Studio 1: Foundation | 6cp | |
| Session 3 | ||
| 23710 Behavioural Decision Making | 3cp | |
| 23711 Behavioural Game Theory | 3cp | |
| 23793 Mechanism Design | 3cp | |
| Session 4 | ||
| 23712 Behavioural Approach to Investment and Insurance Decisions | 3cp | |
| 23713 Behavioural Economics and Corporate Decision Making | 3cp | |
| 23794 Choice Architecture | 3cp | |
| Session 5 | ||
| 23716 Principles of Causal Inference | 3cp | |
| 23717 Trial Design | 3cp | |
| 23792 Behavioural Economics and Ethics | 3cp | |
| Session 6 | ||
| 23791 Behavioural Economics of Environment | 3cp | |
| 23790 Behavioural Health Economics | 3cp | |
| 26811 Data, Algorithms and Meaning | 3cp | |
| Year 2 | ||
| Autumn session | ||
| 36115 Data Visualisation | 6cp | |
| 23788 Behavioural Economics Research | 6cp | |
| Select 12 credit points from the following: | 12cp | |
| 23730 Research Project in Behavioural Economics | 12cp | |
| 23731 Internship Project in Behavioural Economics | 12cp | |
Articulation with UTS courses
This course is part of an articulated program comprising the Graduate Certificate in Behavioural Economics (C11280) and the Master of Behavioural Economics.
Other information
Further information is available from the UTS Business School on:
telephone 1300 ask UTS (1300 275 887)
email business@uts.edu.au
Business (Postgraduate)