MSc in Behavioural Economics
Aglantzia, Cyprus
DURATION
3 Semesters
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
31 Mar 2025
EARLIEST START DATE
Sep 2025
TUITION FEES
EUR 5,125
STUDY FORMAT
On-Campus
Key Summary
Introduction
The MSc in Behavioural Economics is offered jointly by the Department of Economics and the Department of Psychology. It is designed to prepare students for career paths that require the analysis of human behavior (product/service design, human resources management, policy-making, etc.)
The program is aimed at students with backgrounds in economics, psychology, engineering, and other social, natural, or applied sciences, who wish to explore the questions at the boundaries of Economics and Psychology.
The program provides students with a general grounding in behavioral and experimental approaches to social sciences, and with skills and knowledge that are essential for the economic analysis of human behavior and the application of behavioral science to the resolution of contemporary societal challenges.
Successful graduates will acquire a solid grasp of key concepts and results in the area of behavioral sciences and develop the analytical and technical skills that are valued by academics and other organizations operating in today’s dynamic and complex settings of interaction.
They will be able to use insights drawn from recent studies to understand complex behavioral phenomena that are relevant to the organization’s performance and goals; to comprehend and suitably design the organization’s policies and to appropriately assess the associated risks and rewards; to design and execute studies examining the role of human behavior in contemporary socioeconomic phenomena, and to evaluate the outcomes of interventions, using cutting edge research techniques.
Admissions
Scholarships and Funding
Postgraduate Study Scholarships for International Students at the University of Cyprus
Since its establishment in 1989, the University of Cyprus (UCY) has earned a strong reputation domestically, regionally, and internationally, and it has earned a prominent place in World University Rankings. Its focus on academic excellence, as well as research and teaching, is widely recognized. UCY, in line with its internationalization strategy and commitment to excellence in teaching and learning, offers a number of scholarships to qualified international candidates in the following interesting and specialized postgraduate programs:
- Master in Business Economics (total tuition fee: 10.000 euros)
- Master in Economic Analysis (total tuition fee: 5.125 euros) or PhD in Economics (total tuition fee: 4.000 euros for Master’s holders)
- Master in Artificial Intelligence (total tuition fee: 5.125 euros)
- Master in Teaching French as a Foreign Language (total tuition fee: 5.125 euros)
The scholarships will be awarded in the form of a deduction from the total amount of tuition fees of the selected postgraduate program. Candidates must meet the academic criteria and adhere to the admission requirements of the specific study program.
UCY is currently accepting online applications for admission in September 2024. The deadline for applications for the above-mentioned postgraduate programs is 14th June 2024, except for the Master in Artificial Intelligence, which has a deadline of 31st May 2024.
Curriculum
Semester 1
Code/Course
- ECO 661 Microeconomics (7.5 ECTS)
- ECO 665 Behavioural and Experimental Economics (7.5 ECTS)
Choose one of the following four:
- ECO 663 Econometrics 7.5
- ECO 664 Analysis of Economic and Financial Data* (7.5 ECTS)
- PSY 604 Multivariate Statistics for the Behavioural Sciences (7.5 ECTS)
- PSY 789 Applied Data Analysis I (7.5 ECTS)
Choose one of the following two:
- PSY 713 Experimental Methods in Psychology (7.5 ECTS)
- PSY 641 Epistemology and Research Design in the Social Sciences (7.5 ECTS)
Semester 2
Code/Course
- PSY 608 Attention and Perception (7.5 ECTS)
- PSY 640 Social Influences and Social Representations (7.5 ECTS)
- ECO 675 Behavioural Insights for Policy (7.5 ECTS)
Choose one of the following two:
- PSY 731 Cognitive Neuroscience (7.5 ECTS)
- PSY 719 Topics in Neuroscience (7.5 ECTS)
Semester 3
Code/Course
- BEH697A Master's thesis (30 ECTS)
Notes:
*ECO 664 is the course that will typically be offered and suggested to the students. In cases this course is not possible to be offered, students with some background in economics can take ECO663 and those with no such background can take PSY604 or PSY789 as alternates.
Program Outcome
The program provides students with a general grounding in behavioural and experimental approaches to social sciences, and with skills and knowledge that are essential for the economic analysis of human behavior and the application of behavioral science to the resolution of contemporary societal challenges.
Career Opportunities
The programme is designed for students interested in seeking employment in public or private organizations in the fields of,
- Behavioural analysis
- marketing
- consumer behaviour
- product design, etc.
Faculty in both departments maintain strong connections to national and international organizations and the private sector. Additionally, our graduates will be able to follow academic paths leading to
- PhDs in Behavioural sciences and experimental Psychology/Economics.
- Both Departments have a strong tradition in fostering PhD programmes, and graduates of the Master in Behavioural Economics can be competitive applicants to these and other international programmes.
Program Admission Requirements
Demonstrate your commitment and readiness to succeed in business school by taking the GMAT exam – the most widely used exam for admissions that measures your critical thinking and reasoning skills.
Download the GMAT mini quiz to get a flavour of the questions you’ll find in the exam.