MSc Behavioural Economics and Finance
|Duration||Full time 1 year|
Our MSc Economics programmes are intended to deepen your knowledge and understanding of economics as an academic discipline. Our programmes are designed to be flexible so that you will get the most intellectual return, whether you studied economics as the principal focus of your undergraduate degree, or if economics were a minor part of a quantitatively-focussed degree.
This programme combines the intellectual rigour of a standard MSc in Economics with insights stemming from the intersection of economics, social psychology and cognition.
Providing the quantitative training of standard microeconomics, this programme offers a thorough grounding in the research methodology behind experimental economics. It also provides the statistical training required to analyse and interpret data from experiments.
This specialised course delves into individual choice, behavioural economics and experimental economics which will take you from the standard models that underpin behavioural sciences, to the current developments in the field, be it applied to labour economics, behavioural finance or behavioural public finance.
It has been a little different to what I was expecting, but in a good way! We are able to explore all aspects of experimental economics at a deep and granular level and I’m learning how to design surveys and experiments applicable to the real world. This course is not only helping me to develop my Economic knowledge but also key transferable skills such as presenting and coding, which I wasn’t expecting to gain. These skills will be a big bonus when I graduate.
Audrey Utchen - MSc Behavioural Economics and Finance.
Enhance your degree with Study Abroad opportunities
Spend your first year at Exeter and a second year at another world class international institution, resulting in two Masters degrees and the opportunity to expand your knowledge even further. We offer three fantastic Double Degree options with:
- Grenoble Ecole de Management in France
- EBS University of Business and Law in Germany
- Fudan University School of Economics in China
The opportunity to study with Fudan is specific to MSc Economics, MSc Economics & Econometrics and MSc Financial Economics programmes. For more information on Double Degrees and other postgraduate study abroad opportunities, visit the Business School’s Study Abroad webpages.
This programme is available for study 12 months full-time over three terms and is University-based throughout this time. The taught components of the programme are delivered in the first two terms, leaving the third term and most of the summer to research, write and submit your dissertation. The programme in its entirety runs from September to September.
During the programme you will study modules (including the dissertation) totalling 180 credits.
Please note that programme structures may be subject to change.
- Descriptions of the individual modules are given in full on the Business School postgraduate module list.
The modules we outline here provide examples of what you can expect to learn on this degree course based on recent academic teaching. The precise modules available to you in future years may vary depending on staff availability and research interests, new topics of study, timetabling and student demand.
Learning and teaching
Our postgraduate taught programmes utilise a range of teaching methods including lectures, seminars and tutorials.
The aim of lectures is to give you information on ideas that are central to the module and to help you in developing your understanding of complex ideas. Many of the teaching materials for lectures are made available to you electronically to accompany the notes you take during the lecture. Lectures are given by a range of staff members, including leading professors, who integrate their latest research findings into the teaching that you receive. Guest lecturers, including members of industry, also contribute to some modules.
Seminars and tutorials
Seminars and tutorials involve an in-depth exploration of the issues covered in lectures as well as giving you the opportunity to discuss various concepts and theories and receive feedback on your written assignments. As a postgraduate students in the Department of Economics you will be able to participate in the established Economics Seminar Series.
Modules are assessed through a mixture of group work, coursework, project work and examinations; the weighting of each of these components will vary according to the academic requirements of the module. Examinations are normally held at the end of the module, in January and May/June.
Our Master’s programmes are designed to prepare you for a successful career, wherever in the world you plan to work. Employers expect advanced communication and technical skills, team-working and independent research, project-management and the very latest specialist knowledge from their postgraduate recruits.
Our MSc in Behavioural Economics and Finance will enable you to develop the professional and behavioural economic and financial skills and subject expertise that will make you a valuable asset from the start of your career.
Careers in Behavioural Economics and Finance
You may choose to apply an MSc in Behavioural Economics and Finance in a variety of roles including:
- Financial risk analyst
- Investment analyst
- Tax adviser/analyst
According to your location and career goals, you can choose to work in public or private sector roles, from large multi-national companies such as the ‘The Big Four’ Accounting and Professional Services firms, to government departments such as The Government Economic Service (GES). International organisations like the International Monetary Fund, the Organisation for Economic Cooperation and Development (OECD), the EU Commission or UN, together with banks, insurance companies, accounting firms, consultancies and not-for-profit organisations all seek economists with the latest technical expertise and knowledge. This programme’s emphasis on social psychology and experimental approaches within economics could enhance your competitiveness with policy-makers such as the analysis of tax compliance by HM Treasury or savings decisions by workers of interest to governments around the world.
By carefully selecting your optional modules such as Banking & Financial Services, Domestic & International Portfolio Management, Economics of Banking, Economics of Corporate Finance, International Trade & Regional Integration, or Macroeconomics, you can start to develop a specialisation to enhance your employability in your chosen field. Your dissertation research will provide further evidence of subject specialism of interest to future employers.
Further information can be found at:
- Prospects.ac.uk - Types of jobs: Accountancy, banking and finance
- Prospects.ac.uk - Economist: Employers and vacancy sources
- TARGETjobs - Economist: job description
- TARGETjobs - Finance graduate careers advice
Our Careers & Employability team will help you identify your career path and support your route to a fulfilling global career.
Developing your skills and career prospects
The University of Exeter Business School provides a range of support to help you develop skills attractive to employers. Visit our postgraduate Business School careers service web page for more information.
Further information is available through the Careers pages of the University’s Postgraduate Study website.
A 2:1 with honours in an Economics, Finance or Psychology related discipline from a recognised university, including degrees where Economics is a "minor" subject. Evidence of mathematical/quantitative ability is required.
We do consider all applications where there is evidence of exceptional performance in modules relevant to the programme of study, significant relevant work experience or professional qualifications.
Requirements for international students
If you are an international student, please visit our international equivalency pages to enable you to see if your existing academic qualifications meet our entry requirements.
English language requirements
Overall score 6.5. No less than 6.0 in any section.
Overall score 90 with minimum scores of 21 for writing, 21 for listening, 22 for reading and 23 for speaking.
Pearson Test of English (Academic)
58 with no less than 55 in all communicative skills.
Other accepted tests
Information about other acceptable tests of linguistic ability can be found on our English language requirements page.
Applicants with lower English language test scores may be able to take pre-sessional English at INTO University of Exeter prior to commencing their programme. See our English language requirements page for more information.
Fees and funding
Tuition fees per year 2018/19
- UK/EU: £10,300 full-time
- International: £18,700 full-time
Tuition fees per year 2019/20
- UK/EU: £10,700 full-time
- International: £19,050 full-time
Fees can normally be paid by two termly instalments and may be paid online. You will also be required to pay a tuition fee deposit to secure your offer of a place, unless you qualify for exemption. For further information about paying fees see our Student Fees pages.
UK government postgraduate loan scheme
Postgraduate loans of up to £10,000 are now available for Masters degrees. Find out more about eligibility and how to apply.
Global Excellence Scholarship
We are delighted to offer Global Excellence Scholarships for students of outstanding academic quality applying to postgraduate Taught programmes starting in autumn 2018.
Postgraduate Admissions queries
For any queries please complete our enquiry form
Phone: +44 (0) 1392 723246
Tier 4 fast-track visa
If your programme is 13-months or less you can benefit from a fast-track visa application and six months in the UK after the end of your programme. Click here for full details