MIL-OSI Russia: Financial News: Russian Universities Launch Curriculums in Behavioural Economics and Economic Psychology

Translation. Region: Russian Federal

Source: Central Bank of Russia –

Master’s programs, as well as research tracks, online courses, and continuing education programs will start this fall. Graduates will build models and predict people’s economic behavior taking into account the influence of cognitive biases, and assess the risks of business decisions or regulatory initiatives.

The pilot project is being carried out by the Bank of Russia, the Ministry of Education and Science of Russia, the Ministry of Finance of Russia and Rosfinmonitoring. Six leading Russian universities have joined it: Lomonosov Moscow State University, the Financial University under the Government of the Russian Federation, the National Research University Higher School of Economics, the New Economic School, St. Petersburg State University and Tomsk State University.

“The trick of this project is its diversity: the pilot participants are different, the formats are different, and the approaches are different too. Already in the process, in practice, we will understand what is most in demand among both students and employers. We want a strong scientific school of behavioral economics to emerge as a result, so that a community of specialists in this field will appear, where those who research and those who need this research will interact,” said Mikhail Mamuta, Head of the Service for the Protection of Consumer Rights and Ensuring the Availability of Financial Services of the Bank of Russia.

Representatives of the largest banks, financial companies and marketplaces, relevant ministries and departments took part in the discussion of educational programs. Companies are ready to assist in training personnel, accept students for internships, go to universities and analyze real situations of relationships between organizations and consumers.

The pilot was created to work out the interaction between educational institutions and employers. Based on its results, a decision will be made on how and in what format to develop this project in the higher education system.

Preview photo: Lightspring / Shutterstock / Fotodom

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