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Economic Psychology

The track Economic Psychology is embedded in the Master's program Social Psychology. Economic Psychology studies the psychological mechanisms that underlie consumption and other economic behaviors. It is an area where psychology and economics intersect. It deals with economic preferences, choices, decisions, and factors influencing these, as well as the consequences of economic decisions.

The program

In our program, you learn about economic and psychological reasoning and theories and how to apply them in order to understand decisions and motivation behind consumption and other economic behavior in daily life.

  • You develop an understanding of the basic principles of the psychology of economic behavior and, as such, our graduates become experts on consumer behavior, financial behavior, negotiation and bargaining. The focus of the program is on basic theories of economic behavior, basic theories of consumer behavior, and more specific courses on marketing and money.

  • Our core curriculum focuses on the integration of psychological and economic theories and practice, consisting of four unique courses is a minimum to ensure this and to prepare you for a career in which you will collaborate with economists, marketers and business researchers.

  • In your second semester you will learn to integrate and apply the knowledge and skills acquired during your coursework (thesis and internship).

Our program provides you with comprehensive in-depth knowledge and excellent skills in economic psychology, enabling you to work independently at a professional level in a relevant field.


Why should you choose to study Economic Psychology at Tilburg University?

International setting

This one-year, English-taught Master’s program offers you the opportunity to become a specialist in Economic Psychology in a small, interactive, international setting.

Unique focus on financial behavior

Choose Economic Psychology at Tilburg University if you want to specialize in financial behavior, consumer psychology, or psychology and marketing.

Specialist university in Economic Psychology since 1972

Did you know that Tilburg University has a long-standing tradition of expertise in Economic Psychology? It was among the founding institutions in the field of Economic Psychology as early as in1972.

Economic Psychology has been a niche at Tilburg University since 1972 when Van Veldhoven was appointed as first Professor in Economic Psychology in the Netherlands (his successors in Tilburg were Theo Poiesz, Fred van Raaij, and currently Marcel Zeelenberg). Tilburg was also the place where in 1976 the IAREP (International Association for Research in Economic Psychology ) was founded.

Economic psychology is similar to behavioral economics, which has gained increasing attention since Kahneman's Nobel-Prize in 2002. Economic psychology is a separate field that combines social and cognitive psychology with traditional economics and business research.

Exclusively small, interactive classes taught by a dynamic and international research team

You will study in an international and challenging environment. Where you will interact on a daily basis with international staff and students; we exclusively teach in small and interactive classes. All courses link theory to practice, for example, in guest lectures, case studies, or practical assignments.

Double Degree programs in Moscow and Osnabrück

We offer you two unique opportunities to expand your Master’s program:


Courses Economic Psychology

Economic Psychology consist of 60 Credits (ECTS), equivalent to 1,680 hours of study, divided into four units. The last two units are reserved entirely for writing your Master's Thesis and doing an internship or an in-depth course. The program for the academic year 2014-2015 consists of the following courses:

Course ECTS
Unit 1
Advanced Consumer Science 6
Individual Research Proposal 3
The Psychology of Economics 6
Unit 2
Individual Research Proposal 3
Money and Financial Behavior 6
Psychology and Marketing 6
Unit 3
Master's Thesis Economic Psychology 12
Internship or In Depth Module or The Psychology of Negotiation 6
Unit 4
Master's Thesis Economic Psychology 12

The program will be taught by members of the Department of Social Psychology. The Departmental research program ( Social Decision Making ) is excellent, and extremely relevant for the current program. Staff members are distinguished scholars. Their individual research agendas cover the major areas of economic psychology. The School hosts experts on consumer behavior, decision making, social dilemmas, emotions, interdependence, and social cognition.

Moreover, the Department and most of its members participate in TIBER (the Tilburg Institute for Behavioral Economics Research), a renowned center of excellence in economic psychology. In addition, a number of the members of the Department also participate in Netspar (Network for Studies on Pension, Aging and Retirement). Together, this allows for a thorough program focused on an understanding of economic psychology and how this is applied in real life settings, grounded in a long tradition of research and education that is unique to Tilburg University.

Name MSc Social Psychology
Tracks Economic Psychology - Work and Organizational Psychology
Croho* 60077
Duration 1 year Master’s program
Type Full time
Title Master of Science (MSc)
Education On-campus only (no distance learning), lectures, seminars and group work
Language English
Exams Written exams, papers, presentations
Best preparatory Bachelors Bachelor in Psychology comparable to Tilburg University’s ‘BSc Psychology – track Psychology and Society’
Career prospects After finishing your Master’s degree in Social Psychology at Tilburg University, you will be prepared for both academic and vocational careers. Our graduates work in a wide range of professions, such as human resource management, consultancy, training/coaching, policy-making, marketing, financial services, communication, and advertising.
Start The end of August
Information Day 26 November 2014

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