University of Technology Sydney

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

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


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)
Business (Postgraduate)