Business economics is the study of economic concepts of relevance to modern business, to develop a sound understanding of the resource allocation issues facing the business corporation and the environment in which it operates.
The University has a strong tradition in the study and teaching of economics, starting with philosopher Adam Smith, one of the founding fathers of economics, who was both a student and a professor at the University.
Economics is traditionally divided into two broad categories: microeconomics and macroeconomics. All of our students study the principles of microeconomics and macroeconomics, but there is also a great deal of choice within our programmes. You will have the opportunity to develop an interest in fields such as government policy, developing countries, the economics of business, and international trade and finance.
In first year you will study
- Introduction to the market mechanism
- International trade
- Economic development
- Macroeconomic policy in an open economy.
You will also study two other subjects of your choice in year 1: see Degrees in Arts, Science and Social Sciences.
In second year you will study
- Intermediate macroeconomics
- Intermediate microeconomics
- Introduction to mathematical economics
- Economic data analysis.
You will also study two other subjects in year 2: see Degrees in Arts, Science and Social Sciences.
Years 3 and 4
If you successfully complete the courses in first and second year, you may progress to Honours (years 3 and 4).
In your third year you will take two courses on the economics of business. These put economic tools to work analysing activities inside a business.
In fourth year you will study two courses in finance. These explore how stock markets and other financial markets work and how the strategic decisions of corporations interact with financial markets.
You can also choose from a wide range of other courses, studying topics such as environmental economics, government debt and the macroeconomy, international finance, the economics of housing, and economics of team sport.
You can choose to spend part or all of your second or third year at another university within the EU as part of the Erasmus Exchange Scheme. Alternatively, you can study in the United States, Canada, South America, Australia or New Zealand.
Our graduates develop skills in research, analysis, communication, teamworking, decision making and problem solving.
Recent graduates have been employed by Morgan Stanley, the European Parliament, BNP Paribas, Arcadia Group, Scottish Liberal Democrats, and PricewaterhouseCoopers, among many other organisations.
For international students entry to this programme is supported by courses from GIC.
No previous knowledge of economics is required for entry to first year.
Academic entry requirements
for entry in 2014
Highers: AAAAB (including English or a humanities subject) in first sitting = unconditional offer.
Applicants who achieved AAAA or AAABB (including English or a humanities subject) at their first sitting WILL receive an offer from the University. This offer may be conditional (on second sitting results) or unconditional, depending on how many applications are received from students who have attained these grades.
Additional offers, either conditional or unconditional, MAY be made to applicants who achieved AAAB, AABBB or AABB at their first sitting. A decision re these applications will be made in March 2014 once all applications have been reviewed.
Applicants who receive an offer conditional on second sitting results will be required to study Advanced Highers in relevant subjects as an integral part of their conditional offer.
IB: A minimum of 34 points is required to be considered for an offer. Actual offers will specify subjects and grades to be attained at Higher Level.
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:
- ibTOEFL: 92; no sub-test less than 20
- CAE (Cambridge Certificate of Advanced English): B minimum
- CPE (Cambridge Certificate of Proficiency in English): C minimum
- PTE Academic (Person Test of English, Academic test): 60; no sub-test less than 59
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:
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: Elaine.Shortt@glasgow.ac.uk
If you require a Tier 4 student visa, your qualification must be one of the secure English language tests accepted by UK Border Agency:
my academic qualifications are below the requirements?
Glasgow International College offers Foundation courses to upgrade your academic qualifications.
Visa requirements and proof of English language level
It is a visa requirement to provide information on your level of English based on an internationally recognised and secure English language test. All test reports must be no more than 2 years old. A list of these can be found on the UK Border Agency website. If you have never taken one of these tests before, you can get an initial idea of your level by using the Common European Framework self-assessment grid which gives you a level for each skill (e.g. listening B1/writing B2 etc.) However, please note that this is not a secure English language test and it is not sufficient evidence of your level of English for visa requirements.
For further information about English language, please contact the Language Centre.