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The London School of Economics and Political Science (LSE) Course/Program Name
Application closes on
National :15 Jan 
International :15 Jan 
EU :15 Jan 

MSc Psychology of Economic Life

 Course Level
Masters / PG
Full Time

1 Year
 Start month

 Tuition fee

19344 GBP
12504 GBP
12504 GBP

Application fee

International 0 GBP
National 0 GBP
Social Psychology
Scores accepted
IELTS (min)7
TOEFL-IBT (min)107
TOEFL-PBT (min)627

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About this course

This programme offers a range of choice in optional courses within the Department and the School so that you can deepen or widen your expertise, and take up the advanced study of particular aspects of economic life. This MSc provides you with psychological knowledge to analyse economic phenomena and alternative business models. It teaches skills for change management and improving socio- economic systems and business models. It encompasses the domains of consumer behaviour and sustainable consumption, decision-making, corporate communication, creativity and innovation, profit and nonprofit economics and economic life in general. Assessment is part of the learning process and makes use of case studies.

It will provide students with skills to understand, criticize, improve and change current economic systems and organisations by using social-psychological mechanisms. More precisely it will provide students with:

a) Capacity to analyse current socio-economic systems/phenomena with a psychological perspective (motivation of actors, main psychological mechanisms at work, risks opportunities and leverage linked to these mechanisms). This skill is based on the knowledge of theories and of how they apply to key economic phenomena involved in most economic situations; and on the training of providing recommendations and building strategies based on a psychological analysis, provided in the core and option courses.

b) Ability to have a critical eye on current perspectives and discourses on economic phenomena. This skill is based on the knowledge of the limitations of current models. It is necessary to debate with stakeholders and make the case with decision-makers.

c) Fluency in providing solutions inspired by social psychology. This skill is based in the knowledge of psychological theories, of change processes, and of writing memos of recommendations to CEOs.

Check further details on University website

Eligibility Criteria

They consider only applicants with an upper second class honours degree in any discipline and a strong motivation in the areas covered by the MSc. 2:1 or first class degree, with a considered interest in the area covered by the MSc.

English requirement:

If an applicant is offering IGCSE in English as a First Language without the optional component (as above), and has been educated in the medium of English during their five most recent years of study (prior to 1 October 2015), then we will accept the qualification as sufficient evidence of English language proficiency.

You can meet our language requirements in the following ways:

  • Your first language is English, or
  • Your current or previous degree is taught/assessed entirely in English (we will need official confirmation of this if it is not stated on your transcript), or
  • You have passed a recognised Standardised English Language Test (SELT) at an appropriate level.

For degree programmes outside the UK you will need to obtain at least 70 per cent of the available marks in your final year examinations. If your institution uses the cumulative grade point average (GPA) system you should normally have a GPA of at least 3.5 (out of 4) or above.

Check further details on University website

Course Modules

The programme consists of four course units, including compulsory and optional courses and a dissertation. A seminar series in the Lent term provides students on the programme with the opportunity to prepare, by project groups, case studies on alternative business models.

Compulsory courses
(* half unit)

  • Psychology of Economic Life includes key Social psychological theories (PS443 Societal Psychology) and specific applications of psychology to economic life.
  • Methods for Social Psychological Research provides students with an overview of methodological issues for social psychological research.
  • Dissertation based on empirical research.

Students are expected to choose courses to the value of one unit from a range of options.

Check further details on University website

How to Apply

You must apply early, as competition for programmes at LSE is intense. Your application will not be considered until we have received all your supporting documents. Wherever possible you should submit all of your documents with your online application. You should expect to wait an average of 8 weeks for a decision when applying for a taught programme, decisions for a research programme may take longer than this.

Important: LSE expects all applicants to complete their application materials without the use of paid agents, credentials services, or other paid professional assistance. The use of such services may lead to the rejection of application materials, the revocation of an admissions offer, cancellation of admission, or involuntary withdrawal from the University.

You should also upload your supporting documents with your application. You should scan and upload your transcripts and request references to be submitted online. The online application allows you to submit your complete application securely and quickly. Your application will not be processed until we have received all the required documents.

Supporting documents

All applications must be accompanied by supporting documents. Some of these are required by all applicants, others are only needed for specific programmes. Details of specific requirements are given on the programme pages.

  • Use common sense when reading this information. We are being as clear as we can about our requirements and there are no trick questions or hidden traps.
  • We ask you to provide the documents as requested (or as close to them as you can manage) so that we can make a good decision on your application.
  • Don't overload your application with extra documents - the selectors won't have time to read them and we really don't need them.
  • Don't panic about the length of your personal statement or research proposal - just be sensible about what you want to write and how much a selector might want to read.
  • We offer guidance to help you. Read it and act sensibly on it.
  • Please do not send supporting documents directly to departments as this will delay your application.

Check further details on University website

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