Who is it for?
- Behavioral Economics Masters Programs
- Behavioral Economics Masters Degree
- Behavioral Economics Graduate Programs
The course is suitable for recent graduates in economics, psychology and related social science or quantitative disciplines who are looking to develop a career in the fast-paced world of behavioural economics, either in the public or private sector.
As the course is offered in full-time and part-time modes, it is also suited to professionals who want to enhance their theoretical knowledge and practical skills and would benefit from an academic environment.
Behavioural economics applies psychological insights into human behaviour to investigate how people make economic decisions under various conditions of constraint (e.g. time and knowledge) and influence (e.g. social pressure). This is an important field in modern economics, and the social sciences more generally.
Behavioral economics uses an understanding of human psychology to account for why people deviate from rational action when they’re making decisions. In the model of rational action assumed. Those who pursue Behavioral Economics post-studies are mostly business, economics and psychology majors. The benefit in gaining a post graduate degree in behavioral economics is twofold: 1) to get an idea of how the market works; and, 2) to gain an understanding of how people’s minds make purchase decisions.
Commercial organisations have long known the limitations of individual decision making and they routinely use this knowledge in their commercial practices (e.g. anchoring effect of minimum payment on credit cards). The practical implications of behavioural economics are varied and significant, and acknowledged to provide a powerful and cost-effective approach to improving human welfare.
The Behavioural Economics MSc will develop your skills and knowledge to prepare you for a wide variety of roles in the private or public sector that require a solid understanding of human behaviour.
- Unit Value 6 units
- Offered byResearch School of Economics
- ANU CollegeANU College of Business and Economics
- Course subjectEconomics
- Areas of interestPsychology, Economics, Management
- Academic careerUGRD
- Course convener
- Dr Ralf Steinhauser
- Mode of deliveryIn Person
- Offered in Second Semester 2021
See Future Offerings
This course aims to teach students some techniques of behavioural economics, classical economics, and compare the two approaches. It focuses on the principles and basic models of decision-making used by both streams of economists, as well as their consequences.
Upon successful completion, students will have the knowledge and skills to:
On satisfying the requirements for this course, students should have the knowledge and skills to:
- Understand how behavioural economists think and approach economic questions.
- Fully understand and be able to clearly express the advantages, disadvantages, criticisms and limitations of Behavioural Economics.
- Understand the tools taught in class and be able to recognise their application to the analysis of real world situations.
- Understand aspects of decision-making under uncertainty and solve simple analytical problems.
See the course outline on the College courses page. Outlines are uploaded as they become available.
Oxford english dictionary pdf free. There will be a number of problem sets, and a final exam.
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WorkloadStudents taking this course are expected to commit at least 10 hours a week including but not limited to: 2 one-hour lectures and 1 one-hour tutorial.
Requisite and Incompatibility
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- Unit value:
- 6 units
Behavioral Economics Masters Programs
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
Behavioral Economics Masters Degree
Where there is a unit range displayed for this course, not all unit options below may be available.
- International fee paying students
Offerings, Dates and Class Summary Links
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
Behavioral Economics Graduate Programs
|Class number||Class start date||Last day to enrol||Census date||Class end date||Mode Of Delivery||Class Summary|
|7526||26 Jul 2021||02 Aug 2021||31 Aug 2021||29 Oct 2021||In Person||N/A|