C11299v3 Graduate Certificate in Behavioural Economics

Award(s): Graduate Certificate in Behavioural Economics (GradCertBehavEcon)
Commonwealth supported place?: No
Load credit points: 24
Course EFTSL: 0.5
Location: City campus

Notes

This course is not offered to international students.

Overview
Course aims
Career options
Course intended learning outcomes
Admission requirements
Assumed knowledge
Recognition of prior learning
Course duration and attendance
Course structure
Course completion requirements
Course program
Other information

Overview

The Graduate Certificate in Behavioural Economics provides a thorough understanding of the basic principles of behavioural economics. 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 given a grounding in fundamental tools of applied behavioural science, such as causal inference and trial design.

This course is designed to provide skills that students could apply in existing roles or in managing behavioural science practitioners.

Course aims

The course aims to provide students with a foundational 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 positions in consulting, policy development, product design and consumer experience.

Course intended learning outcomes

1.1	Develop options to address identified behavioural economic factors in business problems
2.1	Convey information clearly and fluently in written and verbal form appropriate for the problem, data and stakeholders
2.2	Interact with colleagues and stakeholders to work effectively towards agreed outcomes
3.1	Explain principles of equity, effectiveness, efficiency and sustainability as well as Indigenous values relating to professional practice in Behavioural Economics
4.1	Apply 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.

All applicants who do not meet the academic requirement may still be considered on the basis of:

a minimum of at least four years full time, or equivalent, relevant post-secondary work experience.

The relevant work experience must be demonstrated through a C.V. and a Statement of Service, confirming the dates of employment and the position held within the organisation.

The English proficiency requirement for 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.

Assumed knowledge

There is no assumed knowledge for the Graduate Certificate of Behavioural Economics.

Recognition of prior learning

There is no recognition of prior learning available for this course.

Course duration and attendance

The course is completed in one year of part-time study.

Course structure

Students must complete a total of 24 credit points made up of eight subjects (3 credit points each).

Course completion requirements

STM91760 Core subjects GradCertBehavEcon		24cp
Total		24cp

Course program

A typical part-time program is provided below. Refer to the Timetable Planner for confirmation of availability.

Autumn commencing
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