Undergraduate 

Economics MA(SocSci)/BAcc/BSc/LLB/MA

London skyline

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 at Glasgow dates back to Adam Smith, who was a Professor at the University in the 18th century and is widely renowned as the father of modern economics.

Adam Smith Business School is triple accredited

Programme structure

You will study the principles of microeconomics and macroeconomics and 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.

Year 1

In first year you will study:

  • Introduction to the market mechanism
  • International trade
  • Economic development
  • Macroeconomics
  • Macroeconomic policy in an open economy
  • Introductory mathematical economics.

Year 2

In second year you will study:

  • Intermediate macroeconomics
  • Intermediate microeconomics
  • Introduction to mathematical economics
  • Economic data analysis.

You will also study other subjects in years 1 and 2: see Flexible degrees.

Years 3 and 4

Students who qualify for Honours (years 3 and 4) will take courses in microeconomic analysis and macroeconomic analysis. You will also have the opportunity to take courses in econometrics, which involves the statistical techniques of economic analysis. There is a wide range of optional courses which put the skills you have developed into action, such as the Economics of Poverty, Discrimination and Development, Financial Markets and Asset Pricing, Financial Markets and Corporate Finance, Environmental Economics, Economics of Team Sport, Public Economics, Mathematical Methods, Economics of Banking, Behavioural Economics, Economics of Health, History of Economic Thought and Alternative Perspectives on Topics in Economics.

You will research and write a dissertation in your final year.

Programme alteration or discontinuation
The University of Glasgow endeavours to run all programmes as advertised. In exceptional circumstances, however, the University may withdraw or alter a programme. For more information, please see: Legal statements: Disclaimer.

Our international links

You can apply to spend part or all of your third year at another university within the EU as part of the Erasmus+ Programme. Alternatively, you can apply to study further afield in the United States, Canada, South America, Australia, Hong Kong, Singapore or New Zealand. See Study abroad.

Entry requirements

Academic entry requirements
for entry in 2019

About entry requirements

SQA Highers

The S5 Standard Academic Entry Requirements represent the grades which, if attained in addition to successfully meeting mandatory subject requirements and any non-academic entry requirements (interviews, auditions, aptitude tests), will normally result in an offer being made. Students must achieve the standard entry requirements by the end of S5 (cumulative S4 and S5).

The S5 Minimum Academic Entry Requirements represent the minimum grades which an applicant must have obtained by the end of S5 (cumulative S4 and S5) in order for them to be considered for a conditional offer based on S6 results. Not all applicants who achieve the Minimum Academic Entry Requirements will be made an offer. This will depend on the number of applications we have received for a degree programme and the number of applicants who have met the Standard Academic Entry Requirements.

Where an applicant is made a conditional offer based on S6 results, the S6 Standard Academic Entry Requirements represent the cumulative grades that must be attained by the end of S6, in addition to meeting any mandatory subject and non-academic requirements. All degree programmes allow applicants to “double count” Highers and Advanced Highers in the same subject when calculating cumulative grades. A Grade B in an Advanced Higher will be regarded as another Grade A at Higher Level and a Grade C at Advanced Higher will be regarded as another Grade B at Higher Level. All degree programmes require grades in a minimum of four different subjects.

Advanced Highers

Advanced Highers are a qualification of increased importance to the University, which recognises that applicants with these qualifications find the transition to university easier and perform better in their university exams. Many of our degrees specify Advanced Highers as part of the S6 Entry Requirements.

If a school is unable to offer specific Advanced Higher subjects applicants will be made bespoke offers which will normally require the applicant to attain additional relevant Highers in S6.

Adjusted Entry Requirements

We adjust the Standard Academic Entry Requirements for eligible applicants who complete one of our widening participation pre-entry programmes. Criteria for eligibility include attending a Scottish target secondary school, living in a priority Scottish postcode area, current or previous experience of living in care or estrangement from family support.

For more information about your eligibility and our pre-entry programmes see: Access Glasgow.

Admissions Policy

A-levels and International Baccalaureate

The Standard Academic Entry Requirements represent the grades at which any possible offer would be made. Students must also meet mandatory subject requirements and any non-academic entry requirements (interviews, auditions, aptitude tests).

The Minimum Academic Entry Requirements represent the minimum grades that the University will accept for entry to the degree programme. Students must also meet mandatory subject requirements and any non-academic entry requirements (interviews, auditions, aptitude tests).

Admissions Policies

  • See our full A-level Admissions Policy
  • More information on our International Baccalaureate admissions requirements
  • Applicants to subject-combinations with Psychology must meet the Psychology degree programme entry requirements.

    MA (SocSci) (Hons)

    A-levels

    • Standard academic entry requirements: AAB.
    • Minimum academic entry requirements: BBB.
    • Other mandatory requirements: One A-level Arts, Humanities or Language subject. Minimum of GCSE Mathematics at Grade B (or Grade 5-6).

    Highers

    • Standard S5 academic entry requirements: AAAAB.
    • Minimum S5 academic entry requirements: AABB. 
    • Standard S6 academic entry requirements: AAAAAA.
    • Other mandatory requirements: Higher English OR a Higher Humanities subject at Grades A or B. Minimum of National 5 Mathematics (or Lifeskills Mathematics) at Grade B.

    We adjust these entry requirements for eligible applicants who complete  one of our widening participation pre-entry programmes: see Access Glasgow.

    • Adjusted S5 academic entry requirements: AABBB.
    • Adjusted S6 academic entry requirements: AAABB-BBBBBB.
    • Adjusted mandatory requirements: Higher English OR a Higher Humanities subject at Grade B. Minimum of National 5 Mathematics (or Lifeskills Mathematics) at Grade B.

    Accepted humanities and languages Highers

    Higher applicants to Social Sciences MA (Soc Sci) degrees must attain, or have attained, either English Higher or another humanities/language/social science Higher subject to have their application considered. The accepted humanities/languages/social science Higher subjects are listed below:

    • Business Management
    • Cantonese
    • Classical studies
    • Drama
    • Economics
    • English
    • English for Speakers of Other Languages
    • French
    • Gaelic
    • Geography
    • German
    • History
    • Italian
    • Latin
    • Mandarin
    • Media
    • Modern Studies
    • Music
    • Philosophy
    • Politics
    • Psychology
    • Religious Education
    • Religious Moral and Philosophical Studies
    • Sociology
    • Spanish
    • Urdu

    International Baccalaureate

    • Standard academic entry requirements: 38 points including three HL subjects at 6,6,6
    • Minimum academic entry requirements: 32 points including three HL subjects at 6,5,5
    • Other mandatory requirements: HL6 English and a Humanities subject at HL6/SL6. Minimum of SL4 Mathematics or Mathematic Studies.

    European qualifications

    Typical entry requirements for European qualifications: European requirements: Arts, Science, Engineering, Accountancy, Social Sciences [pdf]

    Please note: all A-Level, International Baccalaureate, and other EU entry requirements must be achieved in first sitting.

    BAcc

    A-levels

    • Standard academic entry requirements: AAA/A*AB.
    • Minimum academic entry requirements: ABB.
    • Other mandatory requirements: A-level Mathematics at Grade B. GCSE English at Grade B (or Grade 5-6).

    Highers

    • Standard S5 academic entry requirements: AAAAB.
    • Minimum S5 academic entry requirements: ABBB.
    • Standard S6 academic entry requirements: AAAAAB.
    • Other mandatory requirements: Higher Mathematics at Grade A or B AND Higher English or a humanities subject at Grade A or B.

    We adjust these entry requirements for eligible applicants who complete  one of our widening participation pre-entry programmes: see Access Glasgow.

    • Adjusted S5 academic entry requirements: AABBB
    • Adjusted S6 academic entry requirements: AABBB-BBBBBB.
    • Adjusted mandatory requirement: Higher Mathematics at Grade B AND Higher English or a humanities subject at Grade B.

    International Baccalaureate

    • Standard academic entry requirements: 38 points inluding three HL subjects at 6,6,6
    • Minimum academic entry requirements: 32 points inluding three HL subjects at 6,5,5
    • Other mandatory requirements: HL subjects should include Maths (or Maths Studies) and a Humanities subject. SL6 will be accepted for one of Maths (or Maths Studies) or the Humanities subject.

    European qualifications

    Typical entry requirements for European qualifications: European requirements: Arts, Science, Engineering, Accountancy, Social Sciences [pdf]

    Please note: all A-Level, International Baccalaureate, and other EU entry requirements must be achieved in first sitting.

    BSc (Hons)

    A-levels

    • Standard academic entry requirements: AAB.
    • Minimum academic entry requirements: BBB.
    • Other mandatory requirements: One A-level Arts, Humanities or Language subject. Minimum of GCSE Mathematics at Grade B (or Grade 5-6).

    Highers

    • Standard S5 academic entry requirements: AAAAB.
    • Minimum S5 academic entry requirements: AAAAB.
    • Standard S6 academic entry requirements: AAAAAA.
    • Other mandatory requirements: Higher English OR a Higher Humanities subject at Grades A or B. Minimum of National 5 Mathematics (or Lifeskills Mathematics) at Grade B.

    We adjust these entry requirements for eligible applicants who complete one of our widening participation pre-entry programmes: see Access Glasgow.

    • Adjusted S5 academic entry requirements: AABBB.
    • Adjusted S6 academic entry requirements: AAABB-BBBBBB.
    • Adjusted mandatory requirements: Higher English OR a Higher Humanities subject at Grade B. Minimum of National 5 Mathematics (or Lifeskills Mathematics) at Grade B.

    International Baccalaureate

    • Standard academic entry requirements: 36 points including three HL subjects at 6,6,5
    • Minimum academic entry requirements: 32 points including three HL subjects at 6,5,5 
    • Other mandatory requirements: HL6 English and a Humanities subject at HL6/SL6. Minimum of SL4 Mathematics or Mathematic Studies.

    European qualifications

    Typical entry requirements for European qualifications: European requirements: Arts, Science, Engineering, Accountancy, Social Sciences [pdf]

    Accepted Science subjects

    Accepted Science subjects:

    • Biology
    • Chemistry
    • Computing Science
    • Engineering Science
    • Environmental Science
    • Geography
    • Human Biology
    • Lifeskills Mathematics
    • Mathematics
    • Mathematics of Mechanics
    • Physics
    • Statistics

    Please note: all A-Level, International Baccalaureate, and other EU entry requirements must be achieved in first sitting.

    LLB (Hons)

    A-levels

    • Standard academic entry requirements: AAA.
    • Minimum academic entry requirements: N/A.
    • Other mandatory requirements: A-level English OR GCSE English Literature & Language. LNAT (see below). Minimum of GCSE Mathematics at Grade B (or Grade 5-6).

    Highers

    • Standard S5 academic entry requirements: AAAAA.
    • Minimum S5 academic entry requirements: AAABB.
    • Standard S6 academic entry requirements: AAAAAA including two Advanced Highers at Grades BB.
    • Other mandatory requirements: Higher English. Applicants with conditional offers based on S6 results are encouraged to study Advanced Highers in Arts or Social Science subjects. LNAT (see note below). Minimum of National 5 Mathematics (or Lifeskills Mathematics) at Grade B.

    We adjust these entry requirements for eligible applicants who complete  one of our widening participation pre-entry programmes: see Access Glasgow.

    • Adjusted S5 academic entry requirements: AAABB.
    • Adjusted S6 academic entry requirements: AAABB-BBBBBB.
    • Adjusted mandatory requirements: Higher English at Grade B. LNAT (see note below). Minimum of National 5 Mathematics (or Lifeskills Mathematics) at Grade B.

    International Baccalaureate

    • Standard academic entry requirements: 38 points including three HL subjects at 6,6,6
    • Minimum academic entry requirements: 34 points including three HL subjects at 6,5,5
    • Other mandatory requirements: English at HL6. LNAT (see below). Minimum of SL4 Mathematics or Mathematic Studies.

    Law National Admissions Test (LNAT)

    With the exception of applicants to the LLB (Fast Track), applicants to all LLB degrees who do not already hold an undergraduate degree are required to take the Law National Admissions test (LNAT) by 20 January 2019. The LNAT is run by a consortium of UK universities and comprises a two-hour on-screen test made up of multiple-choice (80 minutes) and essay (40 minutes) questions. It is designed to assess verbal reasoning skills and command of written English. The test can be taken by applicants at centres throughout the UK and overseas. Information on how to sit the test, together with practice papers, can be found at: www.lnat.ac.uk.

    Please note: all A-Level, International Baccalaureate, and other EU entry requirements must be achieved in first sitting.

    MA (Hons)

    A-levels

    • Standard academic entry requirements: AAB.
    • Minimum academic entry requirements: BBB.
    • Other mandatory requirements: One A-level arts, humanities or language subject.

    Highers

    • Standard S5 academic entry requirements: AAAA/AAABB.
    • Minimum S5 academic entry requirements: ABBB.
    • Standard S6 academic entry requirements: AAAAAB.
    • Other mandatory requirements: Higher English at Grade A or B AND a Higher Humanities or Language subject at Grade A or B.

    We adjust these entry requirements for eligible applicants who complete  one of our widening participation pre-entry programmes: see Access Glasgow.

    • Adjusted S5 academic entry requirements: AABB/ABBBB.
    • Adjusted S6 academic entry requirements: AABB-BBBBB.
    • Adjusted mandatory requirements: Higher English at Grade B AND a Higher Humanities or Language subject at Grade B.

    Accepted humanities and languages Highers

    Higher applicants to Arts MA degrees must attain, or have attained, grades A/B or B/A at Higher in English Higher and another humanities/language/social science Higher subject at their first sitting to have their application considered. The accepted humanities/languages/social science Higher subjects are listed below:

    • Business Management
    • Cantonese
    • Classical studies
    • Drama
    • Economics
    • English
    • English for Speakers of Other Languages
    • French
    • Gaelic
    • Geography
    • German
    • History
    • Italian
    • Latin
    • Mandarin
    • Media
    • Modern Studies
    • Music
    • Philosophy
    • Politics
    • Psychology
    • Religious Education
    • Religious Moral and Philosophical Studies
    • Sociology
    • Spanish
    • Urdu

    International Baccalaureate

    • Standard academic entry requirements: 36 points including three HL subjects at 6,6,5
    • Minimum academic entry requirements: 32 points including three HL subjects at 6,5,5 
    • Other mandatory requirements: HL subjects should include English and a Humanities (or language) subject. SL6 will be accepted for one of English or the Humanities subject. 

    European qualifications

    Typical entry requirements for European qualifications: European requirements: Arts, Science, Engineering, Accountancy, Social Sciences [pdf]

    A-level and IB applicants can expect offers to be between the minimum and standard entry requirements depending on demand for places on the degree.

    Please note: all A-Level, International Baccalaureate, and other EU entry requirements must be achieved in first sitting.

    Note

    No previous knowledge of economics is required for entry to first year. You will find it advantageous to have studied Maths at Higher, A-level or equivalent as you will use mathematical techniques and reasoning to varying extents throughout your studies in economics.

    Glasgow International College

    International students with academic qualifications below those required should contact our partner institution, Glasgow International College, who offer a range of foundation certificates.

    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*: 90; no sub-test less than: Reading: 20; Listening: 19; Speaking: 19; Writing: 23
    • 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 (Pearson Test of English, Academic test): 60; no sub-test less than 59
    • IGCSE: English as a First Language (0500/0522): C in Reading and Writing, plus 1 in Listening, 2 in Speaking, where applicable. All four components (listening, writing, speaking, reading) must be examined and detailed on results slip
    • IGCSE: English as a Second Language (0510/0511): A in Reading and Writing, plus A in Listening, 2/B in Speaking, where applicable. All four components (listening, writing, speaking, reading) must be examined and detailed on results slip
    • Trinity College London Integrated Skills in English: ISEII at Distinction with Distinction in all sub-tests

    * Please note that TOEFL is still acceptable for admission to this programme for both home/EU and international students.

    For international students, the Home Office has confirmed that the University can choose to use TOEFL to make its own assessment of English language ability for visa applications to degree level courses. We therefore still accept TOEFL tests taken in the last two years for admission to this programme.

    Pre-sessional courses
    The University of Glasgow accepts evidence of the required language level from the English for Academic Study Unit 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 School of Modern Languages and Cultures 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:


    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 see School of Modern Languages and Cultures: English for Academic Study.


    Career prospects

    All Economics students have the opportunity to undertake the Professional Skills Programme, an ILM accredited extra-curricular activity. It is a free small-group based programme designed to improve professional skills, prepare you for work and to develop the attributes you need to excel in your career.

    Our graduates develop skills in research, analysis, communication, teamworking, decision making and problem solving. Recent graduates have been employed by Ernst & Young, Morgan Stanley, Shell, Scottish Government, National Australia Group Europe and Hays PLC, among many other organisations.

    Degrees and UCAS codes

    When applying you will need to know the UCAS code for the subject or subject-combination that you wish to apply to:

    MA(SocSci) (Hons)

    • KIS
      Economics: L150
    • KIS
      Archaeology/Economics: VL41
    • KIS
      Central & East European Studies/Economics: RL81
    • KIS
      Economic & Social History/Economics: LVC3
    • Economics/Business & Management: LN12
    • KIS
      Economics/Celtic Civilisation: LQ15
    • KIS
      Economics/Geography: LL17
    • KIS
      Economics/History: LV11
    • KIS
      Economics/Mathematics: GL11
    • KIS
      Economics/Philosophy: LVC5
    • KIS
      Economics/Politics: LL12
    • KIS
      Economics/Psychology [*]: CL81
    • KIS
      Economics/Scottish History: LVC2
    • KIS
      Economics/Social & Public Policy: LL14
    • KIS
      Sociology/Economics: LL61

    BAcc

    • KIS
      Accountancy/Economics: LN14

    BSc (Hons)

    • KIS
      Mathematics/Economics: LG1D
    • KIS
      Statistics/Economics: GL31

    LLB (Hons)

    • KIS
      Common Law/Economics: M1L1
    • KIS
      Scots Law/Economics: ML11

    MA (Hons)

    • KIS
      Comparative Literature/Economics: LQC2
    • KIS
      Economics/English Language: LQ1H
    • KIS
      Economics/English Literature: LQD3
    • KIS
      Economics/French: LR11
    • KIS
      Economics/Greek: LQ17
    • KIS
      Economics/History: LVC1
    • KIS
      Economics/Latin: LQ16
    • KIS
      Economics/Music: LW13
    • KIS
      Economics/Philosophy: LVD5
    • KIS
      Economics/Russian: LR17
    • KIS
      Economics/Scottish History: LVD1
    • KIS
      Economics/Theatre Studies: LW14
    • KIS
      Economics/Theology & Religious Studies: LV16
    • KIS
      German/Economics: RL21
    • KIS
      Spanish/Economics: RL41

    [*] Applicants to subject-combinations with Psychology must meet the Psychology degree programme entry requirements.

    Fees and funding

    Tuition fees

    How and when you pay tuition fees depends on where you’re from: see 2019/20 Tuition feesfor details. If you are starting in September 2018, please refer to 2018/19 Tuition fees.

    Scholarships

    We offer a wide range of scholarships to our undergraduates, including both home/EU and international students. The University is committed to supporting students and rewarding academic excellence. That’s why we’ve invested more than £1m in additional scholarship funding in recent years.

    RUK Access Bursary 2018 Entry

    The bursary supports talented students who might not be able to take a place at University for reasons of financial hardship and  available to new entrant full-time undergraduate students of the University of Glasgow who are fully registered for Session 2018-19 as being domiciled in England, Wales and Northern Ireland and paying annual tuition fees of £9,250 per annum.

    more information

    RUK Excellence Scholarship 2018

    The RUK Excellence Scholarship of £1,000 for each year of study will be awarded to first degree entrants who have attained AAA or better in one sitting at A Level (or equivalent). 

    more information

    The scholarships above are specific to this programme. For more funding opportunities search the scholarships database

    How to apply

    If you’re seeking full-time study you must apply through the Universities & Colleges Admissions Service (UCAS).

    UCAS deadlines

    The deadlines for applications to Medicine, Vet Medicine and Dentistry is 15 October each year. The deadline for applications to all other degree programmes is 15 January each year.

    The University of Glasgow does not usually accept any applications after these UCAS deadlines. It is the applicants' responsibility to ensure the accuracy of their application prior to submission, and requests from applicants to correct erroneous application content, change degree programme or change college of entry, will not be accepted after these UCAS deadlines. This policy is in place to ensure fairness and consistency to all applicants, and no exceptions will be made.

    • 15 October: if including Dentistry, Medicine, Veterinary Medicine or applying to Oxford or Cambridge
    • 15 January: all other UK/EU applicants (unless otherwise stated on the UCAS website)
    • 30 June: international (non-EU) students.

    Apply at www.ucas.com or through your school or college.
    Contact UCAS on 0871 468 0468.

    UCAS tariff points

    The University does not frame its offers in terms of UCAS tariff points.

    How soon will I receive a decision?

    We will usually respond before the end of March.

    If your qualifications meet our requirements and we believe you could benefit from study at Glasgow, you will receive an unconditional offer.

    If you haven’t yet gained the necessary passes for entry to your chosen subject(s), we may look at the qualifications you are taking when you apply and make you a conditional offer.

    Will I be interviewed?

    An interview will be part of the selection process for: Community Development, Dentistry, History of Art & Art-world Practice, Medicine, Music, Nursing, Teaching, and Veterinary Medicine & Surgery. You may also be interviewed if you’re applying for entry into Year 2 in any subject.

    Is deferred entry available?

    For Dentistry, Nursing and Veterinary Medicine programmes we are unable to consider applications for deferred entry. In other cases deferring may be possible but it’s not granted automatically.

    University Transfers

    Transfers from another University to the University of Glasgow will only be considered under the following circumstances:

    1. The applicant has a genuine personal circumstance (illness, bereavement or other family situation) which requires the student to move back to their home town to be closer to family; AND
    2. The applicant would have met the University of Glasgow entrance requirements at the time he/she went to the other institution. In exceptional circumstances, a student may be admitted if he/she was marginally below the University of Glasgow entrance requirements, and they have performed above average at the other institution.

    Widening participation

    We want to help talented applicants from all backgrounds to study at Glasgow. See our range of widening access pre-entry programmes at Widening Participation.

    Apply at www.ucas.com or through your school or college.
    Contact UCAS on 0871 468 0468.

    90%

    Economics students in professional or managerial jobs

    Data published by Unistats, March 2018