MASSACHUSETTS INSTITUTE OF TECHNOLOGY · UNITED STATES
Psychology and Economics
Master's · Taught in en
At a glance
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Duration
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IELTS
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Tuition / yr
en
Language
Master's
Level
- 14.13Course Number
- Spring 2020As Taught In
- Undergraduate, GraduateLevel
- Economics, Psychology, Social ScienceTopics
This course explores the intersection of psychology and economics, examining how psychological factors influence economic decision-making. It delves into concepts like time preferences, risk aversion, social preferences, and limited attention, using a combination of theoretical frameworks and empirical evidence from field and laboratory studies. The course material, including lectures, problem sets, and readings, is designed to provide a comprehensive understanding of behavioral economics.
Curriculum
The course is structured around lectures covering various topics in psychology and economics. Each lecture topic is supported by a list of required and recommended readings from academic journals and working papers. Learning resources also include exams, problem sets, and instructor insights.
- 2020
- Introduction and Overview
- Time Preferences
- Risk Preferences and Reference-Dependent Preferences
- Social Preferences
- Limited Attention
Careers
A background in Psychology and Economics provides a strong foundation for careers in various fields that require an understanding of human behavior and decision-making. Graduates are well-prepared for roles in research, analysis, and strategy development.
- Behavioral Economist
- Market Researcher
- Data Analyst
- Management Consultant
- Policy Advisor
- User Experience (UX) Researcher
Frequently asked questions
- What are the application deadlines for this program?
- The application period for graduate programs at MIT is between October 1st and December 1st. The application deadline is December 1st for consideration for the following academic year.
- What are the entry requirements for this program?
- Applicants should have a relevant academic background in economics and/or psychology. The program is listed for both undergraduate and graduate levels.
- How can I apply to this program?
- Applications are submitted online through the MIT graduate admissions portal. You will need to provide academic transcripts, English proficiency test scores (if applicable), a statement of purpose, and letters of recommendation.
- What are the tuition fees and living costs?
- Tuition and living cost information is not available for this specific course. However, MIT's general graduate student funding often includes stipends, research assistantships (RAs), and teaching assistantships (TAs) which may cover tuition and living expenses.
- What career paths can I pursue after completing this program?
- Graduates are well-prepared for roles such as Behavioral Economist, Market Researcher, Data Analyst, Management Consultant, Policy Advisor, and User Experience (UX) Researcher.
- Are there any scholarships or funding opportunities available?
- Opportunities include departmental fellowships awarded to doctoral track students, research assistantships (RAs) to support faculty research, and teaching assistantships (TAs) for full-time graduate students.
Entry requirements
Undergraduate or Graduate studyRelevant academic background in economics and/or psychology.
The course is listed for both undergraduate and graduate levels, suggesting it may be suitable for advanced students in relevant fields.
Fees
Tuition (international)—
Tuition (home)—
Living—
Tuition and living cost information is not available for this specific course. MIT's general graduate student funding often includes stipends, research assistantships (RAs), and teaching assistantships (TAs) which may cover tuition and living expenses.
How to apply
1. Complete the Online ApplicationSubmit your application through the MIT graduate admissions portal. Ensure all fields are filled accurately, preferably using dropdown menus where provided.
2. Prepare Supporting DocumentsGather scanned copies of your academic transcripts from all previously attended institutions. International applicants must also prepare scanned copies of their IELTS or TOEFL exam results. Official documents will be required later for admitted students.
3. Write a Statement of PurposeArticulate your scientific goals, explain how MIT's programs align with these goals, and mention faculty whose research interests you. Describe your relevant experiences and how you would contribute to the MIT community. Clarity is valued over length.
4. Secure Letters of RecommendationArrange for at least two academic recommendations and up to six total letters of recommendation. These must be submitted electronically through the application system by your recommenders.
5. Submit Application and FeeEnsure all parts of the application, including transcripts, recommendation letters, and the application fee, are submitted by the December 1st deadline for fullest consideration. Incomplete applications may not be reviewed.
Scholarships
Departmental Fellowship$3,643.76 per month (effective June 1, 2023)
Research Assistantship (RA)Variable, depends on research project
Teaching Assistantship (TA)Variable, depends on teaching assignment
Frequently asked questions
What are the application deadlines for this program?
+
The application period for graduate programs at MIT is between October 1st and December 1st. The application deadline is December 1st for consideration for the following academic year.
What are the entry requirements for this program?
+
Applicants should have a relevant academic background in economics and/or psychology. The program is listed for both undergraduate and graduate levels.
How can I apply to this program?
+
Applications are submitted online through the MIT graduate admissions portal. You will need to provide academic transcripts, English proficiency test scores (if applicable), a statement of purpose, and letters of recommendation.
What are the tuition fees and living costs?
+
Tuition and living cost information is not available for this specific course. However, MIT's general graduate student funding often includes stipends, research assistantships (RAs), and teaching assistantships (TAs) which may cover tuition and living expenses.
What career paths can I pursue after completing this program?
+
Graduates are well-prepared for roles such as Behavioral Economist, Market Researcher, Data Analyst, Management Consultant, Policy Advisor, and User Experience (UX) Researcher.
Are there any scholarships or funding opportunities available?
+
Opportunities include departmental fellowships awarded to doctoral track students, research assistantships (RAs) to support faculty research, and teaching assistantships (TAs) for full-time graduate students.