Global Economy MSc

World map in coffee mug

The global economy is a complex and challenging place. This Masters in Global Economy, taught by internationally acknowledged experts in their fields, unravels many of the complexities and explores the challenges. This programme is ideal for those who do not have a degree or background in economics or business but wish to explore the field.

Key facts

Why this programme

  • You will gain a broad understanding of current economic and business policy issues in the context of a rapidly changing and dynamic global environment.
  • You will gain a secure and critical grasp of the extent, causes and implications of a more fully integrated world economy, which equips you to play key leadership roles in corporate, non-governmental organisations or policy-driven environments.
  • You will benefit from the extensive use of a range of social science approaches, techniques and vocabulary: including those derived from economics, management, law and political science; but no prior specialist training or expertise is required.
  • You will be taught by a unique grouping of highly talented academics whose interests span the disciplines of business, economics, politics, social science and social policy, but whose core mission is to provide real-world as well as historical context to help develop understanding of current issues and problems.

Programme structure

You will study three core courses and three optional courses and undertake a dissertation during the final phase of the programme. You will attend lectures, seminars and tutorials and take part in project and team work. You will benefit from our programme of guest seminars.

Core courses

  • The globalised economy
  • Business in the global economy
  • Social science statistics.

Sample optional courses

There is a wide range of options available within the School of Social & Political Sciences. 

  • Globalisation of banking and financial institutions
  • Globalisation and labour
  • Technology transfer in a globalised world
  • International economic relations since 1945
  • The EU in international politics and development.

What our students say

Rami Zaatari, Syria (2014-15)

'‌Having previously completed MSc in Economics and BA in Banking and Finance in the University of Aleppo in Syria I was interested in untertaking a degree on the global economy, so I looked for such programmes at high-reputation universities and I found the University of Glasgow. The lecturers are distinguished in their field and have considerable expertise. They also encourage you to participate and engage in the course. The reason I like Glasgow is because the locals always make other people laugh and feel happy. Moreover, Glasgow is the best city in UK for music, with a rich music scene and history. In addition, the University attracts a big proportion of international students, so Glasgow is very diverse and you can make friends from different nationalities.

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Studying at the University will give you the opportunity to receive a quality education with international standards an,d by taking thuis programme, you will acquire strong academic knowledge and intelligence to becoming fully aware of the most recent trends, theories and practices on global economy and competitiveness. While studying on the programme, I was also able to participate as a consultant in “the National Agenda for the Future of Syria” project organized by UN-ESCWA. I am hoping I can employ my knowledge to increase my ability to participate in rebuilding Syria.'

Michael Bocking, UK (2014-15)

'My decision to choose the University of Glasgow stemmed from both the head and the heart. Glasgow is a widely recognised and respected university with high rankings in all the reputable league tables and its quality of research, teaching and career development is clearly very high. Also, the city of Glasgow, the feeling you get when you enter through the University’s main gate and the friendliness of the locals all contributed to my decision to choose the University and I do not regret it one bit. I wanted to choose a programme of study that would challenge me, improve my career options and provide a high level of teaching and research. In a more and more interlinked, globalised world, it is crucial to be able to understand the historical, theoretical and social aspects of this development and an MSc in Global Economy provides this.

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I had studied for a History BA in at the University of Leicester, from which I graduated in 2012. I then worked for a financial services company in London before travelling to South-East Asia and working as an English Language Teacher for another year. I found the best things about studying the global economy were the diverse courseoptions, the differences of cultures in the class and the application of theory on relevant, ongoing events in the global economy. Coming from London, I enjoyed the friendliness of the people of Glasgow and the ease of travelling around the city and enjoying the wide variety of cultural events that are constantly occurring in the city.

I would highly recommend the University of Glasgow and the programmwe because it is a relevant, analytical and interesting course that, with the help of the reputation of the University, will stand you in good stead and high regard, whatever you choose to do afterwards, whether it be a PhD or employment. When I finish  in September 2015 I will be joining Ernst and Young in a Graduate role with the intention of becoming a Chartered Accountant in 2-3 years.'

Karishma Mohite, India (2014-15)

'‌The first thing that attracted me to the University of Glasgow was its excellent reputation for offering world-class taught Masters programmes. Its strong history as an excellent university still stands firm in the QS World University Rankings, which makes me proud to be a part of this University. Since I had studied Business Management during my bachelors, I needed a global understanding about the operations carried on by various economies and hence I chose this programme. The programme was well structured and related theory to practice. I was introduced to several aspects of globalisation ranging from banking to technology. Being a student from a Commonwealth country, I was privileged to receive full funding for my course, which helped me to finance my studies completely and focus better on them, thanks to the University and British Council! 

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My experience so far in Glasgow has been amazing, I now have many friends from different nationalities, which helps me to exchange ideas and gain international exposure. Living expenses can be easily managed by doing part-time jobs and this city is vibrant with students’ hangout joints. Additionally, this programme has a blend of excellent lecturers who constantly create a stimulating learning experience. Furthermore, as I was new to UK’s education system, regular support as well as interaction with staff helped me to understand the requirements for getting good grades in a much better way. I have also received immense support from the careers service team in finding jobs. I would highly recommend this university for its remarkable resources and activities that has helped me to realise my true potential. Lastly the whole experience at the University has never made me homesick. 

Lukas Eisserer (2013-14)

‌‘I decided to study the MSc in Global Economy because I regard it to be the optimal extension of my BA in Global Sales & Marketing. While my previous studies taught me how to operate within a globalized world, the Global Economy programme teaches me how and why the globalised world economy works the way it does and thereby adds extra depth to my prior knowledge. Nevertheless, the programme spans from very basic concepts of globalisation to the impact of firms on local economies and is therefore suitable for students with various backgrounds. The modest class sizes enable a very intimate and all the more intensive learning experience while the University itself provides all the amenities one could wish for when it's time for a break. Furthermore, the students coming from all around the world enrich the study experience in- and outside of the classroom.’

Anja Walker (2013-14)

'I chose the University of Glasgow due to its variety of course options in the School of Social and Political Sciences, and in particular the structure of the MSc Global Economy. The programme examines the workings and interrelationships in the global economy through a focus on business relationships, historic developments, cultural implications, and among other things, economic theory. The programme has been very flexible to accommodate my individual interests and needs through both the core courses and the vast range of optional course choices. This unique programme has enhanced my understanding of the complexity of global networks, and allowed me to tailor the coursework and the dissertation according to my own research interests. The value of the MSc lies with the high quality of academic teaching, the different backgrounds of both the students and the teaching staff, and the international reputation of the University of Glasgow.'

Godsway Korku Gbortsu (2012-13)

Godsway Korku Gbortsu'The University of Glasgow was one of the few universities in the UK I considered for my post graduate education, partly because of its world ranking and also because of its publicity in the media. The desire to have a global perspective of issues is what drove me to choose the MSc Global Economy as my programme of study. It is worth testifying that my expectations have been met and I have no regret for making this choice.
‌One thing that stands out at the University of Glasgow is the support system for personal skills development; from academic skills to employability skills. I think I have already acquired most of these skills and will like to recommend Glasgow University to prospective students as a place of academic excellence and skills development.'

Ewan Gibbs (2012-13)

'I chose to study at the University of Glasgow because I was aware of the expertise in the School of Social Sciences, and in Economic and Social History in particular. Global Economy allows for an understanding of globalisation which is both historically informed and wide-ranging in its consideration. There is a large breadth of perspectives present in a course which this year has had students from China and South East Asia, various parts of Europe and America. The core courses and the optional courses allow students to explore various aspects of globalisation from its impact on businesses both big and small, to macro-economic developments and considerations to how it has affected labour relations and had differing impacts on societies around the world. In this sense this masters is highly flexible and teaching staff allow students to structure course-work and their dissertation topic around their own interests and needs.'

JingJing Shen (2012-13)

'I decided to come to the University of Glasgow because of the academic reputation and historical heritage of Glasgow University, the beautiful landscape of Glasgow and Scotland and the lower living cost compared with England. I chose Global Economy because it gives me a comprehensive view of the economy on the bases of history, politics, theory, practice and so on. The best things about my course were the close connection with the current world, not only theoretical but also practical, and the most professional and nicest professors and lecturers. I enjoyed most at the School the academic atmosphere and the colourful social events and, in Glasgow, the friendly people, the combination of classic and modern of this city and the beautiful views.'

Li-chun Yen (2012-13)

'I chose the University of Glasgow because I like the culture and historical background of Glasgow and the University has a long history and good reputation. I chose my course as I’m interested in the shift of global market and economic development.
All the lecturers are very knowledgeable and friendly, the design of lectures is diversified and our fellow students are quite international. (I particularly enjoyed) studying with international students and learning from knowledgeable and friendly professors.'

Academic staff

News - Summer 2013

New Staff
In April, we were joined by Professor Jeff Fear. Jeff has been appointed as Professor of International Business History at the University. Jeff has previously taught at the University of Pennsylvania, Harvard Business School, and Redlands University. He has written on international cartels, comparative accounting and banking systems, management history, and organizational learning, and his current research is on multinational small and family companies. Jeff will be teaching on the Globalized Economy core course.

In July 2013, Professor Jim Tomlinson will join us from the University of Dundee. Previous to that, Jim taught economics and politics for many years at Brunel University in London. His work has mostly been on government policy in the post-1945 period, and he has recently written on the nature of economic credibility, and on the first and second periods of globalization. Jim will be teaching next year on the two core courses: The Globalised economy, and Business in the Global Economy.

Congratulations
Dr Mark Freeman, who teaches the course on Poverty and Inequality in the Globalised World, has been awarded a prestigious prize for his latest book. Shareholder Democracies? Corporate Governance in Britain and Ireland Before 1850, by Mark Freeman, Robin Pearson and James Taylor, was published in 2012 by University of Chicago Press and in March 2013 was awarded the Ralph Gomory Prize of the Business History Conference. This prize is supported by the Alfred P Sloan Foundatino and recognizes historical work on the effects of business enterprise on the economic conditions of the countries in which they operate.

News - Autumn 2012

Professor Catherine Schenk spoke at a conference on “Slowing Down Prices: Adaptation of States and European Economic Actors to the Inflationary Fever of the 1970s” at Universite d’Artois, France on 15th November 2012. Her paper “Inflation, risk and international banking; responses by regulators and the market in the 1970s” is related to her ongoing project on International Financial Regulation. Professor Schenk also visited the Federal Reserve Bank of New York in November 2012. She has previously spent time consulting with the IMF and World Bank in Washington, DC, the Bank of Japan and the Hong Kong Monetary Institute.

Dr Duncan Ross attended a conference and workshop in June 2012 on incorporating new research in teaching business history at Harvard Business School. This involved scholars from all over the world considering how best to make use of current and very recent research to ensure that the material we use in our courses is as up-to-date as possible. Many of the issues discussed and lessons learned at that meeting have been valuable in shaping this year’s Global Economy programme.

In September 2012, Professor Ray Stokes hosted the BEAT workshop at the Centre for Business History in Scotland. This workshop, on Business in Europe and Asia, brought together scholars from Britain, Germany, Netherlands, and Japan to discuss long-run fluctuations in business competitiveness and transformation, and considered the roots of business success in the 21st century.

Recent publications by MSc Global Economy course staff:

Entry requirements

for entry in 2015

Entry requirements for postgraduate taught programmes are a 2.1 Honours degree or equivalent qualification (for example, GPA 3.0 or above) in a relevant subject.

International students with academic qualifications below those required should contact our partner institution, Glasgow International College, who offer a range of pre-Masters courses.

English language requirements

For applicants whose first language is not English, the University sets a minimum English Language proficiency level.

International English Language Testing System (IELTS) Academic module (not General Training)

  • overall score 6.5
  • no sub-test less than 6.0
  • or equivalent scores in another recognised qualification (see below)

Common equivalent English language qualifications

All stated English tests are acceptable for admission for both home/EU and international students for this programme:

  • ibTOEFL: 92; no sub-test less than 20
  • CAE (Cambridge Certificate of Advanced English): 176 overall; no sub-test less than 169
  • CPE (Cambridge Certificate of Proficiency in English):  176 overall; no sub-test less than 169
  • PTE Academic (Person Test of English, Academic test): 60; no sub-test less than 59

For international students, the Home Office has confirmed that the University can choose to use these tests to make its own assessment of English language ability for visa applications to degree level programmes. The University is also able to accept an IELTS test (Academic module) from any of the 1000 IELTS test centres from around the world and we do not require a specific UKVI IELTS test for degree level programmes. We therefore still accept any of the English tests listed for admission to this programme.

Pre-sessional courses

The University of Glasgow accepts evidence of the required language level from the Language Centre Pre-sessional courses. We also consider other BALEAP accredited pre-sessional courses:

FAQs

What do I do if...

my language qualifications are below the requirements?

The University's Language Centre offers a range of Pre-Sessional Courses to bring you up to entry level. The course is accredited by BALEAP, the UK professional association for academic English teaching; see Links.

my language qualifications are not listed here?

Please contact the Recruitment and International Office: pgadmissions@glasgow.ac.uk

 

For further information about English language requirements, please contact the Recruitment and International Office: pgadmissions@glasgow.ac.uk

Fees and funding

Tuition fees for 2015-16 (subject to change and for guidance only)

MSc

Home and EU
Full time fee£6800
Part time 20 credits£756
International
Full time fee£14500

Funding opportunities

Career prospects

Career opportunities include positions in global economics, foreign trade, international NGOs and policy environments.

How to apply

We ask that you apply online for a postgraduate taught degree. Our system allows you to fill out the standard application form online and submit this to the University within 42 days of starting your application.

You need to read the guide to applying online before starting your application. It will ensure you are ready to proceed, as well as answer many common questions about the process.

Guide to applying online

Do I have to apply online for a postgraduate taught degree?

Yes. To apply for a postgraduate taught degree you must apply online. We are unable to accept your application by any other means than online.

Do I need to complete and submit the application in a single session?

No. You have 42 days to submit your application once you begin the process. You may save and return to your application as many times as you wish to update information, complete sections or upload additional documents such as your final transcript or your language test.

What documents do I need to provide to make an application?

As well as completing your online application fully, it is essential that you submit the following documents:

  • A copy (or copies) of your official degree certificate(s) (if you have already completed your degree)
  • A copy (or copies) of your official academic transcript(s), showing full details of subjects studied and grades/marks obtained
  • Official English translations of the certificate(s) and transcript(s)
  • Two supporting reference letters on headed paper
  • Evidence of your English Language ability (if your first language is not English)
  • Any additional documents required for this programme (see Entry requirements for this programme)
  • A copy of the photo page of your passport (Non-EU students only)

If you do not have all of these documents at the time of submitting your application then it is still possible to make an application and provide any further documents at a later date, as long as you include a full current transcript (and an English translation if required) with your application. See the ‘Your References, Transcripts and English Qualification’ sections of our Frequently Asked Questions for more information.

Do my supporting documents need to be submitted online?

Yes, where possible, please upload the supporting documents with your application.

How do I provide my references?

You must either upload the required references to your online application or ask your referees to send the references to the University as we do not contact referees directly. There is two main ways that you can provide references: you can either upload references on headed paper when you are making an application using the Online Application (or through Applicant Self-Service after you have submitted your application) or you can ask your referee to email the reference directly to pgadmissions@glasgow.ac.uk. See the 'Your References, Transcripts and English Qualifications' section of the Frequently Asked Questions for more information.

What if I am unable to submit all of my supporting documents online?

If you cannot upload an electronic copy of a document and need to send it in by post, please attach a cover sheet to it that includes your name, the programme you are applying for, and your application reference number.

You may send them to:

Recruitment & International Office
71 Southpark Avenue
Glasgow
G12 8QQ
Fax: +44 141 330 4045

Can I email my supporting documents?

No. We cannot accept email submissions of your supporting documents.

What entry requirements should I have met before applying? Where can I find them?

You should check that you have met (or are likely to have met prior to the start of the programme) the individual entry requirements for the degree programme you are applying for. This information can be found on the ‘entry requirements’ tab on each individual programme page, such as the one you are viewing now.

What English Language requirements should I have met before applying? Where can I find them?

If you are an international student, you should also check that you have met the English Language requirements specific to the programme you are applying for. These can also be found on the ‘entry requirements’ tab for each specific programme.

Further Information

Please see the Frequently Asked Questions for more information on applying to a postgraduate taught programme.

Guidance notes for using the online application

These notes are intended to help you complete the online application form accurately, they are also available within the help section of the online application form. If you experience any difficulties accessing the online application then you should visit the Application Troubleshooting/FAQs page.

  • Name and Date of birth: must appear exactly as they do on your passport. Please take time to check the spelling and lay-out.
  • Contact Details: Correspondence address. All contact relevant to your application will be sent to this address including the offer letter(s). If your address changes, please contact us as soon as possible.
  • Choice of course: Please select carefully the course you want to study. As your application will be sent to the admissions committee for each course you select it is important to consider at this stage why you are interested in the course and that it is reflected in your application.
  • Proposed date of entry: Please state your preferred start date including the month and the year. Taught masters degrees tend to begin in September. Research degrees may start in any month.
  • Education and Qualifications: Please complete this section as fully as possible indicating any relevant Higher Education qualifications starting with the most recent. Complete the name of the Institution (s) as it appears on the degree certificate or transcript.
  • English Language Proficiency: Please state the date of any English language test taken (or to be taken) and the award date (or expected award date if known).
  • Employment and Experience: Please complete this section as fully as possible with all employments relevant to your course. Additional details may be attached in your personal statement/proposal where appropriate.
  • References: Please provide the names and contact details of two academic references. Where applicable one of these references may be from your current employer. References should be completed on letter headed paper and uploaded on to your application.

Standard application deadlines

  • International applications (non-EU) 24 July 2015
  • UK and EU applications 28 August 2015
    (with the exception of those programmes offering SFC funded places)

Classes start September 2015 for most programmes and you may be expected to attend induction sessions the week before.

Apply now