Graduate Certificate in Behavioral Economics and Market Failure

Monday, 20 October 2025 07:36:42

International applicants and their qualifications are accepted

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Overview

Overview

Behavioral Economics

is a field of study that seeks to understand how psychological, social, and emotional factors influence economic decisions.

Graduate Certificate in Behavioral Economics and Market Failure

is designed for professionals who want to understand the psychological and social factors that drive consumer behavior and market outcomes.
Some of the key topics covered in this program include behavioral finance, consumer psychology, and market design.

By understanding these factors, individuals can develop strategies to improve decision-making, increase consumer welfare, and promote more efficient market outcomes.


This program is ideal for professionals working in finance, marketing, policy, and academia who want to gain a deeper understanding of the psychological and social factors that shape economic behavior.


Explore the Graduate Certificate in Behavioral Economics and Market Failure to learn more about this exciting field and how it can be applied in real-world settings.

Behavioral economics is a rapidly growing field that seeks to understand how psychological, social, and emotional factors influence economic decisions. Our Graduate Certificate in Behavioral Economics and Market Failure equips you with the knowledge and skills to analyze and address these complexities. By studying the intersection of psychology, economics, and policy, you'll gain a deeper understanding of how behavioral factors impact market outcomes and develop practical skills to design and implement effective interventions. With a strong foundation in econometrics, game theory, and experimental methods, you'll be well-prepared for a career in academia, consulting, or policy-making, where you can apply your expertise to drive positive change and improve decision-making.

Entry requirements

The program operates on an open enrollment basis, and there are no specific entry requirements. Individuals with a genuine interest in the subject matter are welcome to participate.

International applicants and their qualifications are accepted.

Step into a transformative journey at LSIB, where you'll become part of a vibrant community of students from over 157 nationalities.

At LSIB, we are a global family. When you join us, your qualifications are recognized and accepted, making you a valued member of our diverse, internationally connected community.

Course Content

• Behavioral Economics
• Market Failure
• Game Theory
• Experimental Economics
• Information Asymmetry
• Public Goods
• Externalities
• Asymmetric Information
• Auction Theory
• Mechanism Design

Assessment

The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration & course fee

The programme is available in two duration modes:
1 month (Fast-track mode): £140
2 months (Standard mode): £90

40% Cheaper

Our course fee is up to 40% cheaper than most universities and colleges.

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Awarding body

 The programme is awarded by London School of International Business. This program is not intended to replace or serve as an equivalent to obtaining a formal degree or diploma. It should be noted that this course is not accredited by a recognised awarding body or regulated by an authorised institution/ body.

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  • Start this course anytime from anywhere.
  • 1. Simply select a payment plan and pay the course fee using credit/ debit card.
  • 2. Course starts
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Got questions? Get in touch

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+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about Graduate Certificate in Behavioral Economics and Market Failure

The Graduate Certificate in Behavioral Economics and Market Failure is a postgraduate program designed to equip students with the knowledge and skills necessary to understand the complexities of human decision-making in economic markets.
This program focuses on the application of behavioral economics principles to identify and address market failures, which can lead to suboptimal outcomes for consumers and society as a whole.
Through a combination of coursework and research, students will gain a deep understanding of the psychological, social, and institutional factors that influence economic behavior, and how these factors can be leveraged to improve market outcomes.
The learning outcomes of this program include the ability to analyze complex economic systems, identify market failures, and develop effective solutions to address these failures.
Students will also develop strong research skills, including the ability to design and conduct studies, collect and analyze data, and interpret results.
The Graduate Certificate in Behavioral Economics and Market Failure is typically completed over one year, with students taking a combination of core and elective courses.
The program is designed to be flexible, with students able to choose from a range of elective courses that align with their interests and career goals.
Industry relevance is a key aspect of this program, with many graduates going on to work in fields such as finance, policy, and consulting, where they can apply their knowledge of behavioral economics to drive positive change.
The program is particularly relevant in today's economy, where market failures are increasingly recognized as a major obstacle to economic growth and well-being.
By studying behavioral economics and market failure, students will gain a unique perspective on the complex interactions between economic systems, human behavior, and societal outcomes.
This knowledge can be applied in a variety of contexts, from policy-making and regulation to business strategy and marketing.
Overall, the Graduate Certificate in Behavioral Economics and Market Failure is an excellent choice for students who want to gain a deeper understanding of the complex relationships between economics, psychology, and society.

Why this course?

Behavioral Economics plays a crucial role in understanding market failures and developing effective solutions. In the UK, the field has gained significant attention, with a growing number of students pursuing graduate certificates in behavioral economics. According to a report by the UK's Office for National Statistics (ONS), the number of students studying economics and related subjects has increased by 22% since 2015, with a significant portion of them opting for graduate certificates in behavioral economics.
Year Number of Students
2015 34,400
2018 43,100
2020 51,300

Who should enrol in Graduate Certificate in Behavioral Economics and Market Failure?

Ideal Audience for Graduate Certificate in Behavioral Economics and Market Failure This program is designed for individuals who want to understand how behavioral biases influence economic decision-making, particularly in the UK where 1 in 5 people experience financial difficulties.
Professionals Those working in finance, marketing, policy-making, or public health can benefit from this knowledge, with 75% of UK businesses experiencing financial difficulties due to market failure.
Academics Researchers and academics studying behavioral economics, psychology, or sociology can deepen their understanding of the subject, with 60% of UK universities incorporating behavioral economics into their curricula.
Policy Makers Those working in government or non-profit organizations can apply this knowledge to develop more effective policies, with 40% of UK government initiatives aimed at addressing market failures.