economic psychology phd

Cognition and Decision Lab

The Cognitive and Behavioral Economics Initiative (CBEI) supports research into the role of cognitive processes in explaining economic behavior, and the consequences of cognitive limitations for the way in which behavior responds to changing environments and policies.  Among other goals, it seeks to deepen the empirical foundations of economic analysis by encouraging exchange of ideas among economists, psychologists, and neuroscientists.  Among the activities supported by the Initiative is the Cognition and Decisions Lab, which is a joint venture among principal investigators Michael Woodford , Mark Dean and Hassan Afrouzi – faculty members of the Department of Economics.  The lab’s aim is to use tools and techniques from economics, neuroscience and psychology to better understand the cognitive processes underlying economic decision making.  Current projects include studying the way in which limited attention is allocated during choice and understanding the role of incomplete preferences in economic decision making.

To learn more about research and ongoing projects visit: https://www.cognition.econ.columbia.edu/projects

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Faculty of Psychology

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Society and Choice Ph.D. Program

The Society and Choice Ph.D. Program researches human behavior in social and economic contexts. It was founded in January 2014 and is unique in Switzerland.

The objective of the program is the best-possible preparation of the doctoral students for a successful academic career in psychology. Central to this is providing participants with optimal support and encouragement as they progress towards independent scientific work. Ph.D. candidates receive state-of-the art training related to theory and methods as well as in cross-disciplinary skills, such as teaching or project management. The Ph.D. program has a modular structure and allows for tailor-made support of participants.

Target group

The Ph.D. program is intended for outstanding students with an excellent Master’s degree (or equivalent) in psychology or related fields, who, in the context of their Ph.D., wish to investigate intensively research questions in the field of society and choice.

Program supervision

The Ph.D. program is supervised by the heads of the relevant Centers, namely Psychology of Sustainability and Behavior Change ,  Social Psychology , Statistics and Data Science,   Cognitive and Decision Sciences , and  Economic Psychology  :

Prof. Dr. Ulf Hahnel (Chair) Prof. Dr. Rainer Greifeneder Prof. Dr. Mirka Henninger  Prof. Dr. Rui Mata Prof. Dr. Jörg Rieskamp MSc Natalia Bogatyreva

Coordination and contact

MSc Angela Leipold +41 (0)61 207 62 80 angela.leipold-at-unibas.ch

PhD Conference 2024

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The Ph.D. Program in the Department of Economics at Harvard is addressed to students of high promise who wish to prepare themselves in teaching and research in academia or for responsible positions in government, research organizations, or business enterprises. Students are expected to devote themselves full-time to their programs of study.

The program prepares students for productive and stimulating careers as economists. Courses and seminars offered by the department foster an intellectually active and stimulating environment. Each week, the department sponsors more than 15 different seminars on such topics as environmental economics, economic growth and development, monetary and fiscal policy, international economics, industrial organization, law and economics, behavioral economics, labor economics, and economic history. Top scholars from both domestic and international communities are often invited speakers at the seminars.  The Harvard community outside of the department functions as a strong and diverse resource. Students in the department are free to pursue research interests with scholars throughout the University. Faculty of the Harvard Law School, Kennedy School of Government, and Harvard Business School, for example, are available to students for consultation, instruction, and research guidance. As a member of the Harvard community, students in the department can register for courses in the various schools and have access to the enormous library resources available through the University. There are over 90 separate library units at Harvard, with the total collections of books and pamphlets numbering over 13 million.  Both the department and the wider University draw some of the brightest students from around the world, which makes for a student body that is culturally diverse and likely unequaled in the range of intellectual interests of its members. These factors combine to add an important dimension to the educational process. Students are able to learn from one another, collaborate on research projects and publications, and form bonds that are not broken by distance once the degree is completed and professional responsibilities lead them in different directions.

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Social and Economic Psychology (research) (MSc)

The Social and Economic Psychology specialisation offers in-depth knowledge of a broad range of theories and research domains in this area, all concerning the way people’s social environment influences thoughts, feelings, and behaviour..

• Psychology (research) (MSc)

Lisa van Es

Junior Management Consultant at Capgemini

The Social & Economic Psychology Research Master not only prepares students to obtain a PhD, but also teaches strong analytical skills which I am going to put into practice during my work as a consultant.

What I liked most about the extra year that the research master provides is that it gives opportunities to learn more. Part of the programme is learning how to code experiments, for example. I think coding or programming is a very valuable life skill in the modern world.     

What does this master's programme entail?

The main aim of this specialisation is to provide a broad overview of classic and more recent approaches. You will be trained to integrate different perspectives and findings, in order to develop novel research questions. Through written assignments and discussions and presentations in small groups you will practice developing theory-driven analyses of a range of issues in social and economic psychology, and learn how to examine these with advanced research methods.

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Reasons to choose Social and Economic Psychology at Leiden University

• A Research Master's degree will give you a great perspective on a future in research within the public or private sector.
• A Research Master's degree is the perfect way to preare for a PhD programme.
• Because only the most talented and motivated students will be admitted to the Research Master's track, you will be guaranteed to be challenged during your studies.
• Because the Research Master is a two-year academic programme, you really have the possibility to delve deep into Psychological theories about the subjects that interest you the most. This is also a great way to develop your research skills.

Why Leiden University?

Social and Economic Psychology: the right programme for you?

Students who choose to take the Research Master’s track Social and Economic Psychology acquire in-depth knowledge of a broad range of theories and research domains in this area, all concerning the way people’s social environment influences thoughts, feelings, and behaviour.

This programme focuses specifically on processes within and between groups. Examples of theory development and research in each of these areas are conflict management, leadership, social dilemmas, diversity, stereotyping and prejudice, individual and group decision making. Relevant fields for application are organisation and management in particular, but also economic behaviour and environmental issues. This track is the ideal start for a PhD programme in Social and Organisational Psychology.

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Economic Sociology

Economic Sociology is an MIT Sloan PhD research group training scholars to conduct leading-edge research applying sociological tools and concepts to understand and explain behavior of organizations and the economy. The program reflects the confluence of two trends that have gained increasing salience over the past twenty years: (a) the increasing demand in business schools for faculty with sociological training; and (b) the rapid growth of economic sociology as a sub-discipline of sociology.

Each of these trends represents the growing recognition that the sociological imagination sheds unique light on economic processes, mapping specific connections among organizations, institutions and the economy. And yet the increasing demand for economic sociology has not been met with a corresponding increase in supply.

Distinctive Aspects Of The Program

The Economic Sociology group places heavy emphasis on research. While students gain experience in the classroom and graduates should be ready to teach in various programs (see below), the faculty believe that the primary goal of PhD training is to habituate students with the processes by which great social science research is conducted.

The substantive research focus is on general mechanisms of social organization. While we believe that all researchers must have a deep understanding of the specific contexts that we study, our primary reason for studying a particular case (i.e., an organization or industry) is to use it as a “strategic research site” for understanding social mechanisms and processes that are present in various forms in many different contexts.

Our research group is catholic with regard to method. We believe that qualitative research (i.e., fieldwork, case studies, ethnography); quantitative research (e.g., surveys, archival databases, social network analysis) and modeling (e.g., systems dynamics, game theory, agent-based models) are each quite useful depending on one's research objective.

Economic Sociology is an integral part of the set of PhD research groups that comprise the Behavioral and Policy Sciences at MIT Sloan. These are: Organization Studies; Institute of Work and Employment Research; and Technology Innovation and Entrepreneurship. Economic Sociology overlaps with each of these in terms of: (a) the substantive focus of research; (b) the research methods employed; (c) the types of students that the programs attract; (d) as well as the faculty conducting PhD training.

In evaluating applicants, the Economic Sociology faculty looks for evidence of: (a) a strong research orientation; (b) skills and experience relevant to economic sociology; and (c) an understanding of academic social science research culture.

Note to potential applicants: An excellent way of deciding whether to apply to the Economic Sociology group is by reading articles in top sociology journals (e.g., American Sociological Review, American Journal of Sociology) and secondarily at top journals in organizations and management (e.g., Administrative Science Quarterly, Organization Science), especially those authored by our Economic Sociology faculty, and deciding whether you want to write articles like these.

Economic Sociology Faculty

Economic Sociology Seminars

Economic Sociology Graduates

Example Thesis Topics

Summer jackson (2021).

“Essays on Organizational Inequality”

Brittany Bond (2020)

“Essays on Status Recognition and its Consequences for Top-Talent Mobility and Productivity”

James Whitcomb Riley (2020)

“Social Exchange and Valuations in the Market for Contemporary Art”

Duanyi Yang (2020)

“Essays on Workplace Practices in Different Institutional Settings”

Laurel Grassin-Drake (2019)

“The Global Integration Challenge: Global Management Teams, Temporal Difference, and Constructing the Identity of the Global ‘Other’”

Minjae Kim (2018)

“Essays on Social Norms”

Tristan Botelho (2017)

“Essays on Knowledge Sharing and an Opt-in Evaluation Process among Investment Professionals”

Paul J. Zak

Professor of economic sciences, psychology & management director, center for neuroeconomics studies.

• Email [email protected]
• Degrees PhD, Economics, University of Pennsylvania BA, Math and Economics, San Diego State University
• Research Interests Neuroeconomics, Neuroscience of Narratives, Neuromanagement

Paul J. Zak is a professor at Claremont Graduate University and is ranked in the top 0.3% of most cited scientists with over 180 published papers and more than 19,000 citations to his research. Zak’s two decades of research have taken him from the Pentagon to Fortune 50 boardrooms to the rainforest of Papua New Guinea.  Along the way he helped start a number of interdisciplinary fields including neuroeconomics, neuromanagement, and neuromarketing.  He has written three general audience books and is a regular TED speaker.

His latest book, Immersion: The Science of the Extraordinary and Source of Happiness (2022), identifies the neurologic basis for extraordinary experiences and uses 50,000 brain measurements to show readers how to create high-impact marketing, entertainment, training, customer experiences, and employee experiences.  The book shows that extraordinary experiences drive up customer lifetime value and provide the neurologic foundation for increased individual happiness.

Zak’s other books are  Trust Factor: The Science of Creating High Performance Companies  (2017) and The Moral Molecule: The Source of Love and Prosperity  (2012).  Trust Factor applies neuroscience to efficiently build high-performance organizations by creating a culture of trust. The Moral Molecule received much attention for Zak’s discovery of the key role played by the neurochemical oxytocin to explain virtuous behaviors and happiness.

Zak delivered a TED Talk titled  “Trust, Morality—and Oxytocin?”  in 2011 that has been viewed two million times. He also co-founded the first neuroscience-as-a-service (NaaS) company, Immersion Neuroscience.

After receiving his BA in mathematics and economics from San Diego State University, Zak completed his doctorate in economics at the University of Pennsylvania and completed post-doctoral training in neuroimaging at Harvard University. Zak has taught at Caltech, Arizona State University, UC Riverside, and USC Law. At CGU, Zak directs the Center for Neuroeconomics Studies .

Co-authored with Bashir, S., Alexander, V., Jiao, P., Johnson, C., & Nadler, A. (2022).  Supraphysiologic testosterone increases proactive aggression in the power-to-take game.   Journal of Neuroscience, Psychology, and Economics.

Co-authored with Merritt, S. H., Krouse, M., & Alogaily, R. S. (2022).  Continuous Neurophysiologic Data Accurately Predict Mood and Energy in the Elderly .  Brain Sciences . https://doi.org/10.3390/brainsci12091240

The Neuroscience of Customer Experience (2022).  MIT Sloan Management Review,  63(4) .

Co-authored with Curry, B., Owen, T., & Barraza, J.A. (2022).  Oxytocin Release Increases with Age and is Associated with Life Satisfaction and Prosocial Behaviors.   Frontiers in Behavioral Neuroscience , 119. https://doi.org/10.3389/fnbeh.2022.846234

Co-authored with Barraza, J. A., Hu, X., Zahedzadeh, G., & Murray, J. (2022).  Predicting Dishonesty When the Stakes Are High: Physiologic Responses During Face-to-Face Interactions Identifies Who Reneges on Promises to Cooperate .  Frontiers in Behavioral Neuroscience  15. https://doi.org/10.3389/fnbeh.2021.787905

Co-authored with Johannsen, R. (2021).  The Neuroscience of Organizational Trust and Business Performance: Findings from US Working Adults and an Intervention at an Online Retailer .  Frontiers in Psychology: Organizational Psychology , 11, 3858.

Neurological Correlates Allow Us to Predict Human Behavior .  The Scientist . Oct. 1. (2020)

How our brains decide when to trust.  Harvard Business Review , July 18. (2019)

The neuroscience of trust.  Harvard Business Review , January. (2017)

Why your brain loves good storytelling.  Harvard Business Review . October (2015)

The neurobiology of trust (2008).  Scientific American , June: 88-95.

Co-authored with Stanton, A. A. & Ahmadi, S. (2007). Oxytocin increases generosity in humans.  Public Library of Science ONE  2(11): e1128.

Co-authored with Kosfeld, M., Heinrichs, M., Fischbacher, U. & Fehr, E. (2005). Oxytocin increases trust in humans.  Nature , 435(2): 673-676.

Co-authored with Kurzban, R. & Matzner, W. T. (2005). Oxytocin is associated with human trustworthiness.  Hormones and Behavior , (48): 522-527.

Neuroeconomics (2004).  Philosophical Transactions of the Royal Society B (Biology) , 359(1451), 1737-1748.

Co-authored with Kurzban, R. & Matzner, W. T. (2004). The neurobiology of trust.  Annals of the New York. Academy of Sciences , 1032: 224-227.

Co-authored with Knack, S. (2001). Trust and Growth.   The Economic Journal . 111: 295-321.

The Behavioral Neuroscience of Decision Making Designing High-Performance Organizations Using Neuroscience

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MSc Psychology of Economic Life

• Graduate taught
• Department of Psychological and Behavioural Science
• Application code C8UC
• Starting 2024
• Home full-time: Limited availability
• Overseas full-time: Limited availability
• Location: Houghton Street, London

The MSc Psychology of Economic Life teaches you to understand and shape economic behaviour - beyond homo economicus (economic man). This programme is offered at our campus in London.

The programme’s content is organised along two themes: understanding economic behaviour and shaping economic behaviour. Firstly, understanding economic behaviour: In this theme, students will be exposed to key thinkers, theories and recent research in social sciences and economic psychology. Topics in this theme are for instance mental accounts, psychological contracts, decision-heuristics, and social norms for consumption. Secondly, shaping economic behaviour: In this theme, students are introduced to new approaches in behavioural design. Topics here include nudging and installations. Putting both themes together, this MSc seeks to integrate theory with practical application.

The aspiration of the MSc programme is to apply the knowledge learned towards making the world a better place. As such, we seek to apply realistic psychological knowledge to enable more sustainable business models, products, and organisations. We intend to explore new pathways for the economic life of society, beyond the status quo.

The contents of this master's is best represented by former students’ essays . Two notes regarding the orientation of the programme. Firstly, it's grounded in psychological and behavioural science. Hence, although it makes use of statistics, it does not cover formal mathematical modelling of economic phenomena, and is also open to qualitative investigations.  Secondly, it draws inspiration from social science theorists. As such, the MSc will have a broader scope than other conventional programmes in psychology.

Our department was recently ranked number one in the UK for Psychology in the  Good University Guide from The Times and Sunday Times .’ 

Programme details

For more information about tuition fees and entry requirements, see the fees and funding and assessing your application sections.

Entry requirements

Minimum entry requirements for msc psychology of economic life.

Upper second class honours (2:1) degree or equivalent in any discipline, with a considered interest in the area covered by the MSc.

Competition for places at the School is high. This means that even if you meet the minimum entry requirement, this does not guarantee you an offer of admission.

If you have studied or are studying outside of the UK then have a look at our  Information for International Students  to find out the entry requirements that apply to you.

Assessing your application

We welcome applications from all suitably qualified prospective students and want to recruit students with the very best academic merit, potential and motivation, irrespective of their background.

We carefully consider each application on an individual basis, taking into account all the information presented on your application form, including your:

- academic achievement (including predicted and achieved grades) - statement of academic purpose - two academic references - CV

See further information on supporting documents

You may also have to provide evidence of your English proficiency, although you do not need to provide this at the time of your application to LSE.  See our English language requirements .

When to apply

Applications for this programme are considered on a rolling basis, meaning the programme will close once it becomes full. There is no fixed deadline by which you need to apply, however, to be considered for any LSE funding opportunity, you must have submitted your application and all supporting documents by the funding deadline. See the fees and funding section for more details.

Fees and funding

Every graduate student is charged a fee for their programme.

The fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It does not cover living costs or travel or fieldwork.

Tuition fees 2024/25 for MSc Psychology of Economic Life

Home students: £19,848 Overseas students: £27,480

The Table of Fees shows the latest tuition amounts for all programmes offered by the School.

The amount of tuition fees you will need to pay, and any financial support you are eligible for, will depend on whether you are classified as a home or overseas student, otherwise known as your fee status. LSE assesses your fee status based on guidelines provided by the Department of Education.

Further information about fee status classification.

Fee reduction

Students who completed undergraduate study at LSE and are beginning taught graduate study at the School are eligible for a  fee reduction  of around 10 per cent of the fee.

Scholarships and other funding

The School recognises that the  cost of living in London  may be higher than in your home town or country, and we provide generous scholarships each year to home and overseas students.

This programme is eligible for needs-based awards from LSE, including the  Graduate Support Scheme ,  Master's Awards , and  Anniversary Scholarships . 

Selection for any funding opportunity is based on receipt of an offer for a place and submitting a Graduate Financial Support application, before the funding deadline. Funding deadline for needs-based awards from LSE:  25 April 2024 .

In addition to our needs-based awards, LSE also makes available scholarships for students from specific regions of the world and awards for students studying specific subject areas.  Find out more about financial support.

Government tuition fee loans and external funding

A postgraduate loan is available from the UK government for eligible students studying for a first master’s programme, to help with fees and living costs. Some other governments and organisations also offer tuition fee loan schemes.

Find out more about tuition fee loans

Further information

Fees and funding opportunities

Information for international students

LSE is an international community, with over 140 nationalities represented amongst its student body. We celebrate this diversity through everything we do.  

If you are applying to LSE from outside of the UK then take a look at our Information for International students . 

1) Take a note of the UK qualifications we require for your programme of interest (found in the ‘Entry requirements’ section of this page). 

2) Go to the International Students section of our website. 

3) Select your country. 

4) Select ‘Graduate entry requirements’ and scroll until you arrive at the information about your local/national qualification. Compare the stated UK entry requirements listed on this page with the local/national entry requirement listed on your country specific page.

Programme structure and courses

Curriculum Overview

This programme consists of courses worth 4.0 credit units. In the first term, you will take the core course in Psychology of Economic Life and an overview course in Psychological and Behavioural Science (1.0 credit). In the second term, you will take two electives of your choice (each worth 0.5 credits). In the last term, you will complete an empirical research dissertation (1.0 credit). Over all three terms, you will receive training in Methods for Social Psychological Research (1.0 credits).

In addition to these courses, all students are free to audit lectures at LSE upon the approval of the respective course conveyer.

All courses at LSE consist of lectures, which teach the theory, and seminars, which are conducted in smaller groups and are more applied.

Compulsory core courses (3.0 credits)

Psychology of Economic Life  (PB403) This course teaches key social science and social psychological theories; you will learn how to use them to address economic life in a novel and powerful manner.

Methods for Social Psychological Research (PB411)

A module of 3 courses, providing method training in quantitative research methods (MY465), qualitative research methods (MY421M), and research design. More advanced courses can be selected or audited if relevant to dissertation.

Dissertation  (PB410)

An independent research project of up to 10,000 words on a topic of your choice, involving empirical research and supervised by a member of faculty.

Examples of previous PBS dissertations can be found  on our Postgraduate Prizes page . 

Elective courses (two at 0.5 credits each)

The following electives are aligned towards the core themes of this Master. For other possible electives, please refer to the Programme Regulations below.

Social Psychology of Economic Life: Advanced Topics  (PB431)

PB431 presents how social psychology (broadly interpreted to include micro-sociology, cultural anthropology and social neuroscience) is the key to understanding real-world economic life by taking into account cognitive, affective and social processes, and also to contributing to better solutions to societal problems.

Consumer Psychology (PB417)

The course will address the psychology of consumption at different levels of analysis: individual, group and societal.  It will try to ground this psychology in fundamental theories that will allow students to develop a mental model of human behaviour as it relates to consumption.

Courses to the value of one unit from a range of options

For the most up-to-date list of optional courses please visit the relevant   School Calendar page.

You must note, however, that while care has been taken to ensure that this information is up to date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options. Note that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises.

You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore guarantee you a place. Please note that changes to programmes and courses can sometimes occur after you have accepted your offer of a place. These changes are normally made in light of developments in the discipline or path-breaking research, or on the basis of student feedback. Changes can take the form of altered course content, teaching formats or assessment modes. Any such changes are intended to enhance the student learning experience. You should visit the School’s  Calendar , or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the  updated graduate course and programme information  page.

Teaching and assessment

Psychology of Economic Life Teaching Excellence

Faculty involved in this programme have received awards for excellent teaching for the last three consecutive years.

Contact hours and independent study

Within your programme you will take a number of courses, often including half unit courses and full unit courses. In half unit courses, on average, you can expect 20-30 contact hours in total and for full unit courses, on average, you can expect 40-60 contact hours in total. This includes lectures, classes, seminars and workshops. Hours vary according to courses and you can view indicative details in the  Calendar  within the Teaching section of each  course guide . 

You are also expected to complete independent study outside of class time. This varies depending on the programme, but requires you to manage the majority of your study time yourself, by engaging in activities such as reading, note-taking, thinking and research.

Teaching methods

LSE is internationally recognised for its teaching and research and therefore employs a rich variety of teaching staff with a range of experience and status. Courses may be taught by individual members of faculty, such as lecturers, senior lecturers, readers, associate professors and professors. Many departments now also employ guest teachers and visiting members of staff, LSE teaching fellows and graduate teaching assistants who are usually doctoral research students and in the majority of cases, teach on undergraduate courses only. You can view indicative details for the teacher responsible for each course in the relevant course guide.

All taught courses are required to include formative coursework which is unassessed. It is designed to help prepare you for summative assessment which counts towards the course mark and to the degree award. LSE uses a range of formative assessment, such as essays, problem sets, case studies, reports, quizzes and mock exams.

You will be summatively assessed according to various elements of teaching including a required dissertation. An indication of the formative coursework and summative assessment for each course can be found in the relevant course guide.

Academic support

You will be allocated a dissertation supervisor who will provide formative feedback on the following coursework:

-  a Dissertation Plan

-  a Dissertation Progress Report.

You will also be assigned an academic mentor who will be available for guidance and advice on academic or personal concerns.

There are many opportunities to extend your learning outside the classroom and complement your academic studies at LSE.  LSE LIFE  is the School’s centre for academic, personal and professional development. Some of the services on offer include: guidance and hands-on practice of the key skills you will need to do well at LSE: effective reading, academic writing and critical thinking; workshops related to how to adapt to new or difficult situations, including development of skills for leadership, study/work/life balance and preparing for the world of work; and advice and practice on working in study groups and on cross-cultural communication and teamwork.

LSE is committed to enabling all students to achieve their full potential and the School’s  Disability and Wellbeing Service  provides a free, confidential service to all LSE students and is a first point of contact for all disabled students.

Teaching staff

Programme directors

Professor Saadi Lahlou  

Dr Fred Basso  

Student support and resources

We’re here to help and support you throughout your time at LSE, whether you need help with your academic studies, support with your welfare and wellbeing or simply to develop on a personal and professional level.

Whatever your query, big or small, there are a range of people you can speak to who will be happy to help.  

Department librarians   – they will be able to help you navigate the library and maximise its resources during your studies. 

Accommodation service  – they can offer advice on living in halls and offer guidance on private accommodation related queries.

Class teachers and seminar leaders  – they will be able to assist with queries relating to specific courses. 

Disability and Wellbeing Service  – they are experts in long-term health conditions, sensory impairments, mental health and specific learning difficulties. They offer confidential and free services such as  student counselling,  a  peer support scheme  and arranging  exam adjustments.  They run groups and workshops.  

IT help  – support is available 24 hours a day to assist with all your technology queries.   

LSE Faith Centre  – this is home to LSE's diverse religious activities and transformational interfaith leadership programmes, as well as a space for worship, prayer and quiet reflection. It includes Islamic prayer rooms and a main space for worship. It is also a space for wellbeing classes on campus and is open to all students and staff from all faiths and none.   

Language Centre  – the Centre specialises in offering language courses targeted to the needs of students and practitioners in the social sciences. We offer pre-course English for Academic Purposes programmes; English language support during your studies; modern language courses in nine languages; proofreading, translation and document authentication; and language learning community activities.

LSE Careers  ­ – with the help of LSE Careers, you can make the most of the opportunities that London has to offer. Whatever your career plans, LSE Careers will work with you, connecting you to opportunities and experiences from internships and volunteering to networking events and employer and alumni insights. 

LSE Library   –   founded in 1896, the British Library of Political and Economic Science is the major international library of the social sciences. It stays open late, has lots of excellent resources and is a great place to study. As an LSE student, you’ll have access to a number of other academic libraries in Greater London and nationwide. 

LSE LIFE  – this is where you should go to develop skills you’ll use as a student and beyond. The centre runs talks and workshops on skills you’ll find useful in the classroom; offers one-to-one sessions with study advisers who can help you with reading, making notes, writing, research and exam revision; and provides drop-in sessions for academic and personal support. (See ‘Teaching and assessment’). 

LSE Students’ Union (LSESU)  – they offer academic, personal and financial advice and funding.  

PhD Academy   – this is available for PhD students, wherever they are, to take part in interdisciplinary events and other professional development activities and access all the services related to their registration. 

Sardinia House Dental Practice   – this   offers discounted private dental services to LSE students.  

St Philips Medical Centre  – based in Pethwick-Lawrence House, the Centre provides NHS Primary Care services to registered patients.

Student Services Centre  – our staff here can answer general queries and can point you in the direction of other LSE services.  

Student advisers   – we have a  Deputy Head of Student Services (Advice and Policy)  and an  Adviser to Women Students  who can help with academic and pastoral matters.

Student life

As a student at LSE you’ll be based at our central London campus. Find out what our campus and London have to offer you on academic, social and career perspective. 

Student societies and activities

Your time at LSE is not just about studying, there are plenty of ways to get involved in  extracurricular activities . From joining one of over 200 societies, or starting your own society, to volunteering for a local charity, or attending a public lecture by a world-leading figure, there is a lot to choose from. 

The campus 

LSE is based on one  campus  in the centre of London. Despite the busy feel of the surrounding area, many of the streets around campus are pedestrianised, meaning the campus feels like a real community. 

Life in London 

London is an exciting, vibrant and colourful city. It's also an academic city, with more than 400,000 university students. Whatever your interests or appetite you will find something to suit your palate and pocket in this truly international capital. Make the most of career opportunities and social activities, theatre, museums, music and more. 

Want to find out more? Read why we think  London is a fantastic student city , find out about  key sights, places and experiences for new Londoners . Don't fear, London doesn't have to be super expensive: hear about  London on a budget . 

Meet our students

Maitrayee Das-Mazumdar

Why did you choose the course/LSE?

Psychology and Economics had always been my favourite subjects and the course Psychology of Economic life just spoke to me. It felt like an adventure that I needed to embark on. And LSE had always been my bravest of dreams and coming to LSE was like living my oldest dream.

What has been the highlight of your LSE experience?

The highlight would be the lectures that transcended us from reality and the conversations that followed in the legendary post lecture socials. LSE is an experience. I have met some of the most interesting and important people in my life here and that sums up LSE, it is a home away from home. Also, the societies and cultural nights at LSE were the most beautiful amalgamation of cultures. In all honesty, LSE will give you so many beautiful experiences that words will never be enough to note them down.

How are you planning to use your degree for your future career?

I am interested in user research and behavioural marketing and I plan to work as a user experience researcher, market researcher or in the field of behavioural or sensory marketing. The long-term goal is to be an entrepreneur and create the change in the world that I have been studying about.

Sum up your experience in 3 words:  Life-changing, Memorable, Inspirational.

Preliminary reading

Barkow, J., Cosmides, L., & Tooby, J. (1992). The adapted mind: Evolutionary psychology and the generation of culture . Oxford University Press

Boltanski, L., & Thévenot, L. (2006). On justification : Economies of Worth. Princeton University Press

Diamond, J. (2005). Collapse. How Societies Choose To Fail or Succeed. New York: Penguin Books

Goffman, E. (1959). The presentation of self in everyday life . New-York: Doubleday Anchor Books

Himmelweit, H. T., & Gaskell, G. D. (1990). Societal psychology: Implications and scope . London: Sage

Hutchins, E. L. (1995). Cognition in the Wild . Cambridge, MA: MIT Press

Kahneman, D. A. (2011). Thinking, Fast and Slow . New York: Farrar, Straus and Giroux

Lahlou, S. (2017). Installation Theory. The societal construction and regulation of behaviour . Cambridge University Press

Lewis, A. (2008). The Cambridge Handbook of Psychology and Economic Behaviour . Cambridge University Press

Thaler, R. H., & Sunstein, C. R. (2008). Nudge: Improving Decisions About Health, Wealth, and Happiness (Vol. New intern). Yale University Press

Uexküll, J. von. (2010). A Foray Into the Worlds of Animals and Humans. With a Theory of Meaning  University of Minnesota Press.

Career development - MSc Psychology of Economic Life

The content of the Master's programme is broadly relevant to all situations in which an understanding of economic phenomena can be of advantage.

Roles for which the contents are of particular interests include (but are not limited to): consultancy roles (eg management consultant), market interface roles (e.g., product manager, project manager, marketing manager), behavioural insights roles (eg market researcher, policy analyst), and business psychology roles (eg organisational designer).

The contents are applicable in both the private sector (e.g. consultancy, big corporations, social businesses, start-ups) and public sector (e.g., governments, NGOs, charities). This programme provides skills to the fast-growing demand for innovative and more sustainable ways of doing business. You may also choose to continue to obtain a PhD and pursue an academic career.

Support for your career

Many leading organisations give careers presentations at the School during the year, and LSE Careers has a wide range of resources available to assist students in their job search. Find out more about the  support available to students through LSE Careers .

Please contact  Will Stubbs  via email  [email protected]

Find out more about LSE

Discover more about being an LSE student - meet us in a city near you, visit our campus or experience LSE from home. 

Experience LSE from home

Webinars, videos, student blogs and student video diaries will help you gain an insight into what it's like to study at LSE for those that aren't able to make it to our campus.  Experience LSE from home . 

Come on a guided campus tour, attend an undergraduate open day, drop into our office or go on a self-guided tour.  Find out about opportunities to visit LSE . 

LSE visits you

Student Marketing, Recruitment and Study Abroad travels throughout the UK and around the world to meet with prospective students. We visit schools, attend education fairs and also hold Destination LSE events: pre-departure events for offer holders.  Find details on LSE's upcoming visits . 

How to apply

Virtual Graduate Open Day

Register your interest

Related programmes, msc organisational and social psychology.

Code(s) L7U2

MSc Social and Cultural Psychology

Code(s) L7U1

MSc Economic History

Code(s) V3U1

MSc Human Resources and Organisations

Code(s) N6U7 (IER stream), N6U8 (HRM stream), N6U9 (OB stream)

MSc Economy and Society

Code(s) L3UI

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Doctor of Philosophy in Economics

Program description.

The PhD in Economics degree program provides a cutting-edge education in economic theories and the development of a rigorous toolkit of mathematical and econometric techniques. Students also gain extensive exposure to various research areas in economics that allow them to think critically about how to approach the analysis of economic problems and contribute to the knowledge base of the discipline. The program is particularly strong in the areas of public economics, applied microeconomics, macroeconomics, data analysis, and the economics of conflict.

Career Opportunities

Graduates of the program seek positions such as: academic, data analyst, economist in financial institutions, management firms, and consulting firms both in private and domestic sector, academics and researcher and government positions (the Federal Reserve banks, Bureau of Labor Statistics, Census Bureau, Social Security Administration and Federal Trade Commission.)

Application Requirements

Degree requirements:  Bachelor’s degree from an accredited college or university.

GPA:  Minimum GPA of 3.25 in upper-division and graduate course work in economics and related courses.

Test score required:  Yes

The minimum quantitative score is 158 with students averaging 163 on the quantitative score and 150 of the verbal score. The program does not accept GMAT scores as a substitute for GRE scores.

Letters of recommendation:  3

Applicants must submit three letters of recommendation from individuals who can judge the candidate’s probability of success in graduate school. Use the electronic request form in the graduate application to submit the letters. Contact the graduate academic program department if you have any questions.

Admissions essay required:  Yes

A one-page essay outlining the applicant’s background, reasons for choosing UT Dallas, prior educational experiences, and personal objectives.

Deadlines:  University  deadlines  apply.

Contact Information

Judy Du Graduate Program Administrator Email: [email protected] Phone: 972-883-4964 Office: GR 2.808

Degree Information Dr. Seth Giertz Director of Graduate Studies Email: [email protected] Phone: 972-883-6234 Office: GR 2.244

EPPS Advising The University of Texas at Dallas 800 W Campbell Rd, GR 31 Richardson, TX 75080-3021 [email protected]

epps.utdallas.edu/

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• Psychology Programs

Accredited Economic Psychology Degree Programs [2024]

Study economic psychology.

The field of economics addresses factors that determine production and consumption of services and goods. But what determines or drives people and companies to make economic decisions?

Standard economic theory suggests those decisions are based on logic. For example, when an individual buys a new car or invests their money in the stock market, it seems they would base their actions on facts and come to a rational decision.

But researchers have learned that economic decisions are not always based on logic alone. Consumers are not always motivated by statistics, numbers and facts. Instead, economic decisions are often influenced by social behaviors, feelings and emotions, which is how the field of economic psychology was born.

Economic psychologists often focus on the psychological factors, which drive and motivate individuals behind consumption and other economic behaviors in daily life.

The field of economic psychology is relatively new and continues to evolve. But applying psychological insight to explain various economic decisions can be a useful tool. For example, by analyzing consumer behavior, economic psychologists can help companies and organizations design more effective economic policies and strategies.

What is an Economic Psychology Degree?

An economic psychology degree prepares students to work as consumer analysts, economic researchers and professors. Students in an economic psychology degree program develop the skills necessary to analyze behavior and psychological patterns and how they influence economic decisions.

Gaining an understanding of the psychology of economics, such as how consumers are influenced by their family, media and culture, can be useful in several ways. For example, analysts and researchers can help companies and individuals create business plans and marketing strategies, which increase their potential for success.

A degree in economic psychology combines classes in economics, marketing and psychology. The degree helps students gain a broad understanding of what drives individuals and organization to select, use and dispose of services and products. The vast majority of economic psychology programs are master’s degree and doctorate programs.

Bachelor’s Economic Psychology Degree

Most programs in economic psychology are at the master’s degree or doctorate level. But a bachelor’s degree in economics provides a good foundation for continuing education in economic psychology. Some economic bachelor’s degree programs offer individual classes in economic psychology.

Students who earn a bachelor’s degree in economics may find entry- level positions working in the field of economic psychology as research assistants. Common classes may include:

• Econometrics: In this course, students study the science of evaluation and estimation of economic models. They learn to apply statistical inferences and mathematical probabilities to economic theories.
• Principals of Economics: Students gain an understanding of various economic models and what constitutes sound economic thinking. The class also provides an introduction to both macroeconomics and microeconomics.
• Marketing: This introductory class in marketing presents the process in which organizations plan, analyze and implement strategies to attract and retain buyers.
• Microeconomics: This class explores fundamental concepts of microeconomics including supply and demand analysis, theories of competition and monopoly and the behaviors of businesses and individual consumers.

Credit Requirements : Most bachelor’s degree programs in economics require completion of about 120 credits. Keep in mind, some programs can vary and may require additional classes, especially for economic majors who are also minoring in psychology. Full-time students can expect to complete a bachelor’s degree program in four years.

Admission Requirements : Bachelor degree programs including those in economics may have varied admission requirements. But a high school diploma or a GED is always a prerequisite. Most schools require students to take the SAT prior to admission. Specific requirements for SAT scores and GPA varies by program.

Master’s Economic Psychology Degree

A master’s degree in economic psychology is usually required to work in the field as a researcher or analyst. Students in a master’s degree program will integrate economic and psychological practices and theories. Although individual curriculums vary, students often focus on theories of economic and consumer behavior.

Graduates also gain the skills necessary to become proficient in financial bargaining, negotiating and marketing. In addition to classroom work, internships at various corporate and financial institutions are often part of a master’s degree program. Typical classes in a master’s program may include:

• Consumer Psychology and Marketing: Students in this class will explore topics, such as the role of psychological persuasion and subliminal cues in marketing strategies.
• Psychology of Economics: This class teaches students about various theories, which may predict behaviors of consumers. Examples of strategies, which are intended to influence consumer behavior are also discussed.
• Money and Financial Behavior: In this course, the psychological processes that play a role in an individual’s financial decisions, such as spending, saving and paying taxes are discussed. The consequences of wealth and poverty on society as a whole are also explored.
• Consumer Study: Students will discuss topics, such as conscious versus unconscious consumer motivation and decisions making. Consumer’s behavioral and cognitive responses to marketing strategies will also be explored.

Credit Requirements : Master’s degree programs in economic psychology usually take about two years to complete. Students expand on the economic knowledge they gained as an undergrad and combine it with psychological principles. Full and part-time master’s degree programs in economic psychology may be available.

Admission Requirements : A bachelor’s degree is required as part of the admission process for an economic psychology master’s degree. Although a specific major may not be required, students with a four-year degree in economics may have the edge. High scores on the GRE, especially in math are also a plus. Although it is not set in stone, applicants usually need a grade point average of at least a 3.5.

Doctorate Economic Psychology Degree

A doctorate in economics psychology will provide students with the in-depth knowledge needed to work as economic analysts, consultants and professors. Doctorate programs in economic psychology include lectures, research projects and presentation of a dissertation. Common classes may include:

• Applied Econometric and Psychological Research Methods : This class includes information on the design, programming and analysis of behavior economic research methods.
• Social Psychology: In the course, students learn how social phenomena play a role in feelings, behaviors and thoughts of the individual. Topics covered include conformity, prejudice, obedience and persuasion.
• Economics and Consumer Motivation: Students will study how consumers sort through information to make a purchase. Students will have the chance to design visual merchandising and point of sale displays. Information on how to retain consumer loyalty over time will also be explored.
• Psychology of Negotiation: In this course, various concepts for analyzing and understanding the psychological factors involved in negotiations are discussed. Students gain an understanding of the benefits and costs of different negotiating tactics and strategies.

Credit Requirements : A doctorate program in economic psychology usually takes a minimum of three years to complete. But some students take five years to earn the degree. Many doctorate programs in economic psychology include classroom lecture and completion of research projects. Students may also attend research seminars on topics related to decision making and strategic management.

Admission Requirements : In order to gain admission to an economic psychology doctorate program students must have a master’s degree, preferably in economics or a closely related field. Upper division math and statistic classes, along with research experience is often required. Letters of recommendation and a personal interview are usually part of the admission process.

What is an Online Economic Psychology Degree?

Similar to other types of online degrees, an online economic psychology degree is an option for students who need a flexible schedule. Both master’s degree and doctorate programs in economic psychology are available online.

Online programs in economic psychology involve a combination of faculty-led lectures and online discussions, along with group projects, exams and written assignments. Opportunities for research and internships are often part of online economic psychology degree programs.

Some programs are conducted in real time, which means students view lectures online as they are occurring. In other instances, lectures and other class materials can be viewed whenever the student chooses.

Hybrid programs in economic psychology may also be offered at some schools. Hybrid programs combine online classes with campus-based classes and field experience at corporations, government agencies and businesses.

What Does it Take to Get an Economic Psychology Degree?

Economic psychology is a unique field, which involves two different disciplines that are intertwined. Economics alone is a complex field, which requires certain skills. When you combine economics with psychological principles, the field becomes even more complicated. In order to obtain a degree in economic psychology, it is helpful to have certain traits, such as those listed below.

• Attention to Detail: Subtle differences often play a role in economic research studies. Individuals who work in the field of economic psychology have to pay attention to small bits of information while not losing sight of the big picture.
• Analytical Skills: Analytical skills are essential for both students and professionals in economic psychology. Students in an economic psychology degree program need to gather complex information and come to logical and reasonable conclusions.
• Good Communication Skills: Once information related to behavior economics is gathered, it has to be explained in a concise and understandable manner. Good communication skills are essential.
• Ability to Work Well Independently: Individuals who earn an economic psychology degree are often involved in research and analyzing data, which requires the ability to work well independently.

What Can You Do With an Economic Psychology Degree?

Earning a degree in economic psychology prepares students to work in several different capacities. For example, some individuals work for marketing or advertising agencies developing strategies to enhance campaigns.

Graduates from both master’s degree and doctorate programs may also find positions as policy researchers, marketing analysts, communication consultants and economic development specialists.

Employment may be found in both the public and private sector. Economic psychologists are employed by government agencies, market research firms, corporations and private companies. Positions are also available at universities in both research and teaching.

Although a position, such as a research assistant may be available with a bachelor’s degree, more opportunities exist for those who have a master’s degree or higher.

What Degrees are Similar to Economic Psychology?

Industrial Psychology: Industrial psychology , which is also sometimes referred to as organizational psychology is the study of human behavior in companies and the workplace. Although industrial psychology does not deal specifically with economics, it does address organizational issues, such as productivity and performance.  

Consumer Psychology: A degree in consumer psychology involves the study of why consumers make the decisions they do. By gaining an understanding of what influences consumer behavior, businesses can present products and services in a more appealing way. Most consumer psychology programs are at the master’s degree level.

Behavior Economics: A behavior economic degree is very similar to an economic psychology degree in terms of both classes taken and employment opportunities. Graduates work in positions very similar to those with an economic psychology degree. Students are prepared to work as researchers and consumer analysts.

Business Psychology: A degree in business psychology combines two popular majors to gain an understanding of how psychology and human behavior plays a role in the business world. Programs are often similar to industrial psychology.

• Clinical Psychology Degree
• Cognitive Psychology Degree
• Forensic Psychology Degree
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• Behavioral Psychologist Career
• Clinical Psychologist Career
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• Social Psychologist Career

Cross-Cultural Economic Psychology (Double degree)

Study the similarities and differences in behavior among individuals of different cultures at the University of Osnabrück and learn to understand psychological or economic insights or psychological aspects of work processes and organizations at Tilburg University. Graduate with two degrees: the MSc in Psychology with a specialization in Cross-Cultural Psychology, and the MSc in Social Psychology with a specialization in either Economic Psychology or Work and Organizational Psychology.

All education takes place on campus again , now that the coronavirus measures have been scaled back. Of course, we will always maintain a safe environment for our students and staff. Therefore, a few basic measures still apply. For the latest updates on the COVID-19 situation, see our FAQs for prospective students .

National Student Survey, 2023 | n = 26

Times Higher Education ranking, 2023

one from Tilburg University and one from Osnabrück University

Program and courses

At Osnabrück University you will study the similarities and differences in behavior among individuals of different cultures. At Tilburg University you can choose one of the two tracks of Social Psychology: Economic Psychology or Work and Organizational Psychology. In the Master's program of Economic Psychology, you will learn to understand and apply psychological and economic insights to understand consumer behavio r, financial decision-making, and marketing. In the Master's program of Work and Organizational Psychology you will learn about the psychological aspects of work processes, organizations , and employee and diversity management.

• Graduate with two Master’s degrees from two outstanding universities
• Get the ultimate international experience by studying in both Germany and the Netherlands
• You only have to write  one Master's thesis
• Economic Psychology
• Work and Organizational Psychology

Typical courses are:

• Methods of Cross-Cultural Business Psychology
• Intercultural Competencies
• Intercultural Management
• Leadership and Organization (Track: Work and Organizational Psychology)
• Money and Financial Behavior (Track: Economic Psychology)

More on the program and courses  

Anna Dittman

"I was positively surprised by how well these two Masters go together. Together they enriched my knowledge and practical experience, thanks to the guest lectures and case studies from real companies.”

Anna Wiegand

"The teachers are passionate about their subjects and sparked my curiosity about several topics, it made me realize there are many fields you can work in with this specialization."

Career prospects

As a graduate, you can conduct theoretical and applied research to advance academic knowledge in the areas of social, economic, and work and organizational psychology. You will contribute to a variety of applied fields, by developing tools and interventions to solve practical problems in the areas of social, economic, and work and organizational psychology. You have the skills to research the effectiveness of these tools and interventions. With these academic and practical skills, you can work in academic-level positions in research, communication, policy, consulting, human development, and organization development in private, semi-private, or governmental organizations

Some examples of our graduates’ starter positions:

• Financial Economic Crime Coordinator at Rabobank
• Hair Brand Building Marketing Advisor at Unilever
• Market Researcher at market research agency Ruigrok Netpanel
• Human Resource Manager at KPN
• Staff Consultant at Utrecht University
• Research Advisor at Driessen HRM

Alumni facts

• 3,6 months on average until first paid job
• 86% is (very) satisfied with the Master's program
• Gross monthly income one year after graduation: € 2,235

Source: National Alumni Survey, 2021 | n = 13  

More on the career prospects

Admission and application

This program starts:.

End of August

Best preparatory programs:

Bachelor in (Social) Psychology with a major in:

Pre-Master’s program:

Not available. The following Master's programs do offer pre-Master's programs for students from universities of applied sciences (hbo): Sociology , Human Resource Studies , Organization and Management Studies , Marketing Management , Marketing Analytics , and Communication and Information Sciences .

Tuition fees and scholarships

International students, please find all information about the  tuition fees  and the  scholarships available .

Interested in this Master's program?

Check your eligibility

More information on this Master's program

Create your own e-brochure with information on program content, admission requirements, career prospects, and student life in Tilburg. Throughout the year you can take part in various types of events: on-campus, abroad or online.

All information in one e-brochure

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Campus Experience

Are you curious about life as a student at Tilburg University, or not sure which university you want to attend? Join our Campus Experience on May 8! Discover our compact and green campus with one of our students and find out if Tilburg University is your future home.

Master's Open day

Are you interested in doing a Master's program? Do you want to specialize or are you looking for a Master that broadens your possibilities? Join us at the Master's Open day on November 16 to find out which (pre-)Master's program suits you best. Learn all about our (pre-)Master’s programs and tracks, and ask teachers, students, and education coordinators your questions.

Interested in the Double degree in Cross-Cultural Economic Psychology?

Check your eligibility and the deadlines for application

Related Master’s programs

• Work and Organizational Psychology
• Research Master in Social and Behavioral Sciences
• Marketing Management

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