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
Course aims
Career options
Course intended learning outcomes
Admission requirements
Pathway course
Assumed knowledge
Recognition of prior learning
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 provides a foundation in standard economic theory and builds the behavioural models on this foundation. This includes heuristics and biases in individual decision making and their implications in strategic interactions. Students are also provided with a grounding in fundamental tools of applied behavioural science, such as causal inference, trial design and ethical review.

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 hands-on training where students develop their own research project or work on an applied question 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).

Course aims

The course aims to provide students an in-depth understanding of how individuals make economic decisions and how psychological factors can influence those decisions and better explain real-world economic behaviours.

Career options

Career options include working as behavioural economics practitioners 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.

Assumed knowledge

There is no assumed knowledge for the Master of Behavioural Economics.

However, students who lack confidence with maths may benefit from completing the Maths Extension I bridging course before commencing study.

Recognition of prior learning

Recognition of prior learning is generally not considered for this course.

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
23719 Economics Foundations		6cp
Session 3
23710 Behavioural Decision Making		3cp
23711 Behavioural Game Theory		3cp
23793 Mechanism Design		3cp
Session 4
23794 Choice Architecture		3cp
23718 Statistical Foundations for Economics and Business		3cp
23716 Principles of Causal Inference		3cp
Session 5
23717 Trial Design		3cp
23792 Behavioural Economics and Ethics		3cp
23790 Behavioural Health Economics		3cp
Session 6
23791 Behavioural Economics of Environment		3cp
26811 Data, Algorithms and Meaning		3cp
23712 Behavioural Approach to Investment and Insurance Decisions		3cp
Year 2
Session 2
23713 Behavioural Economics and Corporate Decision Making		3cp
Autumn session
23788 Behavioural Economics Research		6cp
Select 12 credit points from the following:		12cp
23730 Research Project in Behavioural Economics	12cp
23731 Industry Project in Behavioural Economics	12cp
Session 3
36117 Data Visualisation		3cp
Autumn commencing, part time
Year 1
Session 2
23714 Rationality and Incentives		3cp
23715 Game Theory and Strategic Decision Making		3cp
Session 3
23710 Behavioural Decision Making		3cp
23711 Behavioural Game Theory		3cp
Session 4
23718 Statistical Foundations for Economics and Business		3cp
23716 Principles of Causal Inference		3cp
Session 5
23717 Trial Design		3cp
Session 6
23712 Behavioural Approach to Investment and Insurance Decisions		3cp
Year 2
Session 2
23719 Economics Foundations		6cp
Session 3
23793 Mechanism Design		3cp
Session 4
23794 Choice Architecture		3cp
Session 5
23792 Behavioural Economics and Ethics		3cp
23790 Behavioural Health Economics		3cp
Session 6
23791 Behavioural Economics of Environment		3cp
26811 Data, Algorithms and Meaning		3cp
Year 3
Session 2
23713 Behavioural Economics and Corporate Decision Making		3cp
Autumn session
23788 Behavioural Economics Research		6cp
Session 3
36117 Data Visualisation		3cp
Spring session
Select 12 credit points from the following:		12cp
23730 Research Project in Behavioural Economics	12cp
23731 Industry 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.