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
Inherent requirements
Assumed knowledge
Recognition of prior learning
Course duration and attendance
Course structure
Course completion requirements
Course program
Articulation with UTS courses
Other information

Overview

This course gives students thorough training in behavioural economics. It is tailored to professionals wanting to apply behavioural frameworks to decision-making contexts such as household financial decisions, the health industry, corporate decisions and environmental problems.

Its uniqueness lies in the practical application of conceptual frameworks to real-world scenarios across the domains outlined above. They acquire skills in behavioural analysis, causal inference, trial design and the ethical dimensions of behavioural interventions. The course culminates in a project either as independent research or as a consulting task for a real organisation. Engage in interactive learning through a blend of lectures, case studies and project work, preparing them for leadership roles in behavioural units and beyond.

Course aims

The course aims to provide students with 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 evaluate them
2.1	Convey information clearly and fluently in written, verbal and visual form appropriate for the problem, data and stakeholders
2.2	Collaborate with colleagues and stakeholders to deliver effectively negotiated outcomes
3.1	Lead ethical behavioural economic practices, applying the principles of equity, justice and sustainability
4.1	Synthesise the latest evidence in theoretical and empirical research with quantitative and qualitative expertise to lead behavioural economics practice
5.1	Critically reflect on the intersection between Indigenous Australian contexts and behavioural economics, to support ethical professional practice to work with and for Indigenous peoples and communities

Admission requirements

To be eligible for admission to this course, applicants must meet the following criteria.

Applicants must have the following:

Completed Australian bachelor's degree or higher qualification, or overseas equivalent, with more than 75% of all subjects completed at pass level (conceded pass not included)

Applicants who do not meet the criteria above should consider applying for C11299 Graduate Certificate in Behavioural Economics.

The English proficiency requirement for international students or local applicants with international qualifications is: IELTS Academic: 6.5 overall with a writing score of 6.0; or TOEFL iBT: 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.

Inherent requirements

Inherent requirements are academic and non-academic requirements that are essential to the successful completion of a course. For more information about inherent requirements and where prospective and current students can get assistance and advice regarding these, see the UTS Inherent requirements page.

Prospective and current students should carefully read the Inherent Requirements Statement below and consider whether they might experience challenges in successfully completing this course.

UTS will make reasonable adjustments to teaching and learning, assessment, professional experiences, course related work experience and other course activities to facilitate maximum participation by students with disabilities, carer responsibilities, and religious or cultural obligations in their courses.

For course specific information see the UTS Business School Inherent Requirements Statement.

Assumed knowledge

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

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 industry 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.