Program and courses Economics: Behavioral Economics track
Combine insights from economists, psychologists and marketers from the starting point that individuals behave and make decisions based on a limited capacity to process information and preferences that include a regard for social norms, such as fairness and reciprocity.
This one-year track of MSc Economics consists of 60 credits (ECTS):
- 7 core courses (27 ECTS)
- 3 elective courses (18 ECTS)
- Master’s thesis (15 ECTS)
You can start at the end of August or at the end of January. However, the curriculum is primarily designed for the program to start at the end of August (Fall semester), as courses in the Fall semester lay groundwork for courses in the Spring semester. If you believe that you have sufficient knowledge to enter immediately into the Spring semester, you are also welcome to start at the end of January.
You will follow 7 core courses of 27 ECTS in total
Please note: the MSc Economics is a flexible program in which you are also free to specialize in another track or freely choose courses from different tracks.
- Methods: Python Programming for Economists
The experience course Methods: Python Programming for Economists gives you the proper exposure to the practice of the economic analyst and culminates in thesis writing and/or project work.
- Research Proposal
- Methods: Econometrics 1
- Methods: Experiments and Surveys
- Methods: Game Theory 1 or 2
- Seminar Economics and Psychology of Social Norms and Strategic Behavior
- Seminar Economics and Psychology of Risk and Time
Choose 3 elective courses from the following options (18 ECTS ):
- Seminar Environmental and Resource Economics (recommended for this track)
- Seminar Labor Economics (recommended for this track)
- The Economics and Finance of Pensions (recommended for this track)
- Seminar Data Science and Society
- Seminar Financial Markets and Institutions
- Seminar Sustainable Economic Growth
- Seminar Taxation
- Seminar Health Economics
- Seminar Competition Policy
- Seminar Data Science for Economics
- Seminar Financial Economics
- Seminar Gender Economics (3 ECTS)
Follow the optional, but highly recommended course
- Career Development Economics (0 ECTS)
The Master’s thesis addresses in depth a well-defined economic research question, using theory and empirics, reviewing and contributing to existing literature.
Most students write their thesis in the Spring semester. In case you started the program at the end of January, you can write your thesis during the summer (and proceed with coursework in the following Fall semester) or write it during the Fall semester (potentially in line with some coursework).
Examples of thesis subjects are:
- The effect of financial literacy on risk-taking behavior
- Overconfidence in job prospects and its effects on study choice
- The effects of film critics and Information Cascade on Online Movie Ratings
Watch a trial lecture
You will find a detailed description of the courses and required literature in our course catalog.
Please note: programs are subject to change. We advise you to look up the current program in OSIRIS Student at the start of the year.
Do you want to know more about this Master’s program?
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Make the most of your Master's
In the first semester of the regular program, ambitious students can apply for the following additional advanced programs:
Entrepreneurial Literacy Initiative: online extracurricular program
Entrepreneurial Literacy Initiative (ELI) is an online extracurricular program that provides Master's students with tools to reflect and plan for an entrepreneurial career. Overall, ELI can be a very useful experience if you have entrepreneurship on your mind. —either right after graduation or later in your career! If you are unsure whether entrepreneurship fits you and your goals, ELI will help you find out.
Application and admission
All students enrolled in a Master's program at TiSEM are invited to apply.
Extended Master's Program: traineeship (+0.5 years)
Short overview of the Extended Master's Program
During your traineeship, you work on practical assignments for a company, follow professional skills courses, and receive mentoring and guidance. By increasing your professional experience, skills, and network like this, you seriously boost your chances in the job market.
- If selected, you will fulfill your traineeship from April to October. On average, you will work four days at the company, and attend skills training once a week at Tilburg University. In addition to this, company visits will be organized in the Extended Master's Program network.
- If both you and the company are happy with the results, you are welcome to extend the traineeship by writing your Master's thesis at the company. Your research topic then needs to be approved by the Tilburg University thesis coordinator.
- There are no administrative or participation fees for taking part in the Extended Master's Program. You will pay the regular tuition fees for the extra six months the Extended Master's Program takes.
Application and admission
You can apply for the Extended Master's Program once you've started the regular Master's program.
Short Overview of The Behavioral Economics track
Combine insights from economists, psychologists and marketers to effectively address economic problems and questions involving people’s behavior and behavioral change. Assuming that individuals are not rational self-interested maximizers, but behave and make decisions based on a limited capacity to process information and preferences that include a regard for social norms, such as fairness and reciprocity.
- Students are fully prepared for a career in consultancy, policy advice and project management. Insights from behavioral economics are in high demand at financial institutions, insurance companies, multinational enterprises, as well as in regional and national governments.
- Closely linked to the Tilburg Institute for Behavioral Economics Research, in which economists, psychologists, and marketing researchers cooperate.
Interested in the MSc Economics?
Check your eligibility and the deadlines for application