Online Masters In Behavioral Economics
Last Updated on January 15, 2023 by Team College Learners
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Masters In Behavioral Economics
Behavioral economics (BE) combines the strengths of both. Here, we incorporate psychological insights into economic analysis, typically with continued use of sophisticated analytical tools.
BE has recently become the fastest growing field in economics—and one of the most exciting. It examines a wealth of evidence, often experimental, identifying empirical phenomena that are not adequately explained by traditional economic analysis. BE develops new models that incorporate emotions, fairness, reciprocity, social norms, bounded rationality and myopia, among others. The research often builds on game theory, which provides more flexible tools for this purpose than classical price theory or general equilibrium theory. BE is developed hand-in-hand by theorists and experimentalists, with many scholars having a foot in each camp.
BE is a portrait of the power in interdisciplinary work. Economists are informed by researchers in other fields, such as psychology, sociology, philosophy and the neurosciences. In return, BE offers analytical tools, models and modes of thinking that can enhance the research of scholars outside economic
The Chicago School of Professional Psychology
Online Master’s in Behavioral Economics
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The unique online master’s in economics program from the Chicago School of Professional Psychology is an MS in Behavioral Economics. The program is designed to be pursued on a full-time basis and completed within two years. The curriculum for the program covers topics such as economics and finance, consumer psychology, public policy, statistics, social psychology, and game theory, for instance. Sample course titles include Consumer Motivation, Choice Architecture, and Brain and Behavior. The capstone component of this master’s in economics online program requires both a research project and a journal article submission. Graduates go on to have successful careers as researchers, marketers, consultants, and more.
