Undergraduate 

Economics MA(SocSci)/BAcc/BSc/MA

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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.

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.

Adam Smith Business School is triple accredited

  • September start
  • Session dates
  • Economics MA(SocSci) (Hons): L150 4 year degree

Programme structure

Year 1

You will study:

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

Year 2

You will study:

  • Intermediate macroeconomics
  • Intermediate microeconomics
  • Introductory mathematics
  • Introductory statistics.

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

Years 3 and 4

Students who qualify for Honours will take advanced courses in microeconomic analysis and macroeconomic analysis. There is also the opportunity to take courses in econometrics, which involves the statistical techniques of economic analysis, and others from a wide range of optional courses which put the skills you have developed into action, such as:

  • Alternative perspectives on topics in economics
  • Behavioural economics
  • Economic geography
  • Economics of banking
  • Economics of business
  • Economics of health
  • Economics of poverty, discrimination & development
  • Economics of team sport
  • Environmental economics
  • Financial markets & asset pricing
  • Financial markets & corporate finance
  • Game theory
  • International trade/finance
  • Labour economics
  • Mathematical methods
  • Public economics.

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

Course details

Single / Joint Honours Economics

Economics Year 1
Economics Year 2
  • ECONOMICS 2A
  • ECONOMICS 2B
  • ECON1012: INTRODUCTORY MATHEMATICS FOR ECONOMISTS
  • ECON1013: INTRODUCTORY STATISTICS FOR ECONOMISTS

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

Single Honours Economics

Economics Year 3

+ Optional Economics courses

Economic and Social History courses for Single Honours students

The following course is available to students on a Single Honours Economics or Business Economics plan as an outside option even if they have not previously studied Economic and Social History.  Students should be aware though that this course is worth 20 credits.

Year 3: non-Honours

These courses are compulsory to students who are completing an MA (Social Sciences) Ordinary Degree, for which 60 credits of level 3 courses are required.

Economics Year 4

Economics Dissertation

+ Optional Economics courses

Joint Honours Economics and another subject

Year 3

At least 2 from the following:

+ Optional Economics courses, or other subject courses.

Note: BAcc and LLB students follow a slightly different curriculum.

Year 3: non-Honours

These courses are compulsory to students who are completing an MA (Social Sciences) Ordinary Degree, for which 60 credits of level 3 courses are required.

Year 4

  • Economics Dissertation

+ Optional Economics courses, or other subject courses. 

Economics Honours Optional Courses 

Note: the portfolio of Honours optional courses is subject to review and change each academic year.

Service courses

This course is available only to students studying engineering degrees.


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: Student contract.

Special Glasgow feature

Our flagship event series welcomes acclaimed speakers from the world of economics to the University.

Our international links

There are opportunities for you to go abroad for up to a year as part of your undergraduate studies.

You can apply to spend part or all of your third year at another university. We currently have links with partners across Europe, the United States, Canada, South America, Australia, New Zealand, Hong Kong and Singapore. Courses taken overseas through our exchange programmes form part of your degree.

There are no additional tuition fees and you get support and recognition for your time abroad through the programme.

You don’t need to speak a foreign language

Many of our partners teach in English. You can also take free language classes to prepare for your time abroad as part of the University’s Learn a Language initiative.

Find out more

Entry requirements

for entry in 2022

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

Summary of entry requirements for Economics

SQA Higher Entry Requirements (by end of S6)

  • AAAAAA Higher or AAAA + BB Advanced Higher (AAABB S5 minimum for consideration)
  • Additional requirements: Higher English and a Higher Humanities subject or Mathematics. National 5 Mathematics required at B.

SQA Higher Adjusted Entry Requirements* (by end of S5 or S6)

  • MD20 – BBBBB (also other target groups*)
  • MD40 – AABBB*
  • Additional requirements: Higher English or Higher Humanities subject and National 5 Mathematics Grade B. Successful completion of Top-Up or one of our Summer Schools.

* See Access Glasgow for eligibility.

A-level Standard Entry Requirements

  • AAB – BBB
  • Additional requirements: A-level English or Humanities subject and GCSE Mathematics Grade B/5.

IB Standard Entry Requirements

  • 38 (6,6,6 HL) – 32 (6,5,5 HL)
  • Additional requirements: HL English or Humanities subject and SL Mathematics Grade 5.

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.

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

  • 6.5 with no sub-test under 6.0.
  • Tests must have been taken within 4 years 5 months of start date. Combined scores from two tests taken within 6 months of each other can be considered.

Common equivalent English language qualifications

All stated English tests are acceptable for admission to this programme:

TOEFL (ib, my best or athome)

  • 90 with minimum R 20, L 19, S 19, W 23.
  • Tests must have been taken within 4 years 5 months of start date. Combined scores from two tests taken within 6 months of each other can be considered.

PTE (Academic)

  • 60 with minimum 59 in all sub-tests.
  • Tests must have been taken within 4 years 5 months of start date. Combined scores from two tests taken within 6 months of each other can be considered.

Glasgow International College English Language (and other foundation providers)

  • 65%.
  • Tests are accepted for academic year following sitting.

University of Glasgow Pre-sessional courses

  • Tests are accepted for academic year following sitting.

Alternatives to English Language qualification

  • Undergraduate degree from English speaking country (including Canada if taught in English)
  • Undergraduate 2+2 degree from English speaking country
  • Undergraduate 2+2 TNE degree taught in English in non-English speaking country
  • Masters degree from English speaking country
  • Masters degree (equivalent on NARIC to UK masters degree) taught in English in non-English speaking country.

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 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 External Relations

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

Our graduates develop strong transferable skills in research, analysis, communication, writing, problem solving, self-management, project planning and inter-personal and team working. Recent graduates have been employed by, among many other organisations:

  • HSBS
  • Ernst & Young
  • Morgan Stanley
  • Shell
  • Scottish Government
  • UK parliament
  • International Monetary Fund
  • JP Morgan
  • Goldman Sachs
  • Royal Bank of Scotland
  • Amazon.

5th in the UK for Career Prospects in the Complete University Guide 2021

Accreditation

The Adam Smith Business School has specialised international accreditation from the Association to Advance Collegiate Schools of Business (AACSB) and from the European Quality Improvement System (EQUIS), operated by the European Foundation for Management development (EFMD). Our teaching provision is accredited by the Association of Business Schools and the Association of MBAs (AMBA). This “triple crown” accreditation puts us in the top league of international business schools.

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)

Economics: L150 (4 years)
KIS
Economics/Archaeology: VL41 (4 years)
KIS
Economics/Business & Management: LN12 (4 years)
KIS
Economics/Central & East European Studies: RL81 (4 years)
KIS
Economics/Economic & Social History: LVC3 (4 years)
KIS
Economics/Geography: LL17 (4 years)
KIS
Economics/History: LV11 (4 years)
KIS
Economics/Mathematics: GL11 (4 years)
KIS
Economics/Philosophy: LVC5 (4 years)
KIS
Economics/Politics: LL12 (4 years)
KIS
Economics/Psychology: CL81 (4 years)
KIS
Apply via UCAS
Applicants must meet the Psychology requirements
Economics/Scottish History: LVC2 (4 years)
KIS
Economics/Social & Public Policy: LL14 (4 years)
KIS
Economics/Sociology: LL61 (4 years)

BAcc

Economics/Accountancy: LN14 (4 years)
KIS

BSc (Hons)

Economics/Mathematics: LG1D (4 years)
KIS
Economics/Statistics: GL31 (4 years)
KIS

MA (Hons)

Economics/Comparative Literature: LQC2 (4 years)
KIS
Economics/English Language & Linguistics: LQ1H (4 years)
KIS
Economics/English Literature: LQD3 (4 years)
KIS
Economics/French: LR11 (5 years)
KIS
Economics/German: RL21 (5 years)
KIS
Economics/Greek: LQ17 (4 years)
KIS
Economics/History: LVC1 (4 years)
KIS
Economics/Latin: LQ16 (4 years)
KIS
Economics/Music: LW13 (4 years)
KIS
Economics/Philosophy: LVD5 (4 years)
KIS
Economics/Russian: LR17 (5 years)
KIS
Economics/Scottish History: LVD1 (4 years)
KIS
Economics/Spanish: RL41 (5 years)
KIS
Economics/Theatre Studies: LW14 (4 years)
KIS
Economics/Theology & Religious Studies: LV16 (4 years)
KIS

Fees and funding

Tuition fees

How and when you pay tuition fees depends on where you’re from: see Tuition fees for details.

Scholarships

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.

Undergraduate Excellence Scholarship

The University of Glasgow has a number of Undergraduate Excellence Scholarships available to new International and EU students for 2021 entry. The scholarship is awarded as a tuition fee discount of £5,000 per year of study and is subject to satisfactory progress for consecutive years of study.  

RUK Excellence Scholarship

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). 

James McCune Smith Scholarship

The University of Glasgow has 30 undergraduate scholarships available for students of African/African-Caribbean backgrounds. The scholarship supports students who could face financial difficulties taking up their place to study at the University. The value of the scholarship is £2,000, paid in instalments for one year of undergraduate study. The scholarship is open to new applicants to the University. Current students who have previously been in receipt of the award may reapply, however, preference will be given to applicants entering their first year of study.

RUK Access Bursary

The bursary supports talented students who might not be able to take a place at University for reasons of financial hardship. It is available to new entrant full-time, undergraduate students of the University of Glasgow who are fully registered for Session 2021/22, as being domiciled in England, Wales and Northern Ireland and paying annual tuition fees of £9,250 per annum.

Republic of Ireland (RoI) Access Bursary

Glasgow has a long and proud tradition of providing financial support to talented students who, for reasons of financial hardship, might not be able to take a place at university. Our RoI Access Bursary is part of our commitment to continue to attract and support students from a diverse range of backgrounds. The RoI bursary will be up to £2,000 for your first year of study and £1,000 for continuing years.

Payments of the RoI Access Bursary will be detailed in your Award Letter.

  • The RoI Access Bursary will be awarded as a cash payment.
  • The RoI Access Bursary will be paid in 10 instalments from October until July; this award is based on household income
  • The RoI Access Bursary will only be awarded in years where tuition fees of £9,250 apply (i.e. Normally Years 1,2 and 3. Bursary is not paid in Year 4 where no tuition fees are due).

Republic of Ireland (RoI) Excellence Scholarship

The RoI Excellence Scholarship of £1,000 for each year of study will be awarded to first degree entrants who have attained at Irish Higher grades A1, A1, A1, A1 from the Irish Leaving Certificate.  Dentistry, Medicine and Veterinary Medicine applicants are not eligible for this award.

Payments

  • The RoI Excellence Scholarship will be processed as a cash payment.
  • The RoI Excellence Scholarship will be paid in 2 instalments.
  • The first payment will be in October and the second payment will be in February.

These payments will be credited to the UK bank account held on your MyCampus profile; therefore, it is vital that this is up to date at the start of the session. By submitting your bank details on the MyCampus system, you are confirming that you agree with the terms and conditions of the award.

Undergraduate Talent Scholarships

The University of Glasgow awards c.50 undergraduate Talent Scholarships each academic year to support students who could face financial difficulties in taking up their place to study at the University. The value of each scholarship is typically £1,500 p.a. for each year of the degree programme, subject to satisfactory progress. Talent Scholarships are available to students entering any of the University's Colleges.

Dental School students are eligible for a Talent Scholarship in their first year of study only. They are eligible for the NHS Dental Student Support Grant in the following years.

Scholarship application deadline is 5PM on SUNDAY, 13TH JUNE.

Beaconhouse Schools

The University of Glasgow offer a 15% discount on the first year of tuition fee to students from Beaconhouse Schools and who enrol on an undergraduate programme at the University of Glasgow. The discount does not apply to Veterinary Medicine, Medicine and Dentistry programmes.

Cowrie Foundation Scholarship

The University of Glasgow and The Cowrie Scholarship Foundation (CSF) will offer a scholarship to support Black African and Caribbean heritage applicants from socio-economically challenged backgrounds.  Applicants must be ordinarily resident in the UK and commencing an undergraduate study in the academic year 2021-2022.

The Cowrie Scholarship Foundation wants to fund 100 Black British students through UK universities in the next decade. More information on the Foundation can be found here.

Humanitarian Scholarships

The University of Glasgow is offering four scholarships (one per college) for applicants to the University who are staying in the UK on humanitarian grounds and are facing challenges in progressing onto Higher Education. The scholarship is open to prospective undergraduate and postgraduate taught students of the University of Glasgow applying for entry in 2021/22. The scholarship meets the full cost of tuition fees for the duration of your programme as well providing an additional £5,000 per year stipend, if the eligibility criteria for university accommodation is met this will also be provided for the duration of your degree. For more information on the accommodation criteria, please see the Accommodation Services section on the website.

We are also offering eight scholarships to students who hold refugee status. This scholarship is awarded as a £2,500 stipend towards study costs, per year of study.

The Clan Gregor Society Prize

The Clan Gregor Society are offering an award to new entrants to the University of Glasgow who descend from Clan Gregor. Prospective students will be asked to submit an application highlighting areas of consideration such as academic excellence and financial need. The award is open to both Undergraduate and postgraduate applicants.

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

How to apply

Full-time students must apply through the Universities & Colleges Admissions Service (UCAS). 

SQA applicants who are eligible for our Widening Participation programmes are encouraged to participate in one or more of these programmes, including Summer School, to support your application and the transition to higher education.

International students to Arts, Engineering, Law, Nursing, Science, and Social Sciences can also apply using The Common Application: however, if applying to more than one UK university, we recommend using UCAS. Applications to Dentistry, Education, Medicine, and Veterinary Medicine must be made through UCAS.

Application deadlines

  • 15 October: if including Dentistry, Medicine, Veterinary Medicine or also 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

We do not usually accept any applications after these deadlines.

It's your responsibility to ensure the accuracy of your application before submission. Requests to correct application content, change degree programme or change college of entry, will not be accepted after these deadlines. This policy is in place to ensure fairness and consistency to all applicants, and no exceptions will be made.

Apply via UCAS

More information about this programme

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UK top 10

Times & Sunday Times Good University Guide [Economics]