In studying economics you will learn how individuals and society make choices about how scarce resources are used, what products are produced and who gets to consume them. These choices depend on evaluating costs, benefits, risks and effects on others.
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 these courses:
- 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 these courses:
- 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 third year you will take courses in microeconomic analysis and macroeconomic analysis. These courses develop advanced analytical tools that can then be employed in relation to other courses. You will also take courses in econometrics, which involves the statistical techniques of economic analysis.
In fourth year the compulsory course of Government and the economy puts the skills you have developed in your first three years into action by studying current policy issues.
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.
At Honours, it is possible to do this degree together with a language. It usually involves spending a year abroad between the second and third years of the programme. This type of degree is particularly useful if you hope to develop a career overseas.
Our graduates develop skills in research, analysis, communication, teamworking, decision making and problem solving.
Our recent Economics 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/language) in first sitting = unconditional offer.
Applicants who achieved AAAA or AAABB at their first sitting may receive a conditional offer dependent upon them attaining enough Highers and/or Advanced Highers to bring their total attainment to six or more Highers/Advanced Highers by the end of their second sitting. English or a humanities subject/language at grade A or B, if not attained at first sitting, will be required.
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.
Higher applicants to Social Sciences MA (Soc Sci) degrees must attain, or have attained, EITHER English Higher OR another humanities/language Higher subject to have their application considered. The accepted humanities/languages Higher subjects are listed below.
- Art & Design
- Business Management
- Chinese Language and Culture
- Classical Greek
- Classical studies
- English for Speakers of Other Languages
- Media Studies
- Modern Studies
- Personal and social education
- Religious Education
- Religious Moral and Philosophical Studies
A-levels: Applicants will receive an offer conditional on attaining AAB. Applicants who achieve AAB are guaranteed entry. Applicants who achieve grades less than AAB but higher than BBB will be considered for entry once all results have been received and reviewed in August 2014.
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.
If you have exceptional A-level or Advanced Higher grades it's possible to gain exemption from Year 1 study and enter directly into Year 2 or follow a faster route advanced entry programme, both of which allow you to complete your degree in one year less than usual. See: Advanced entry
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.