At the University of Aberdeen, as well as at the other ancient Scottish universities, undergraduate degree programmes in Arts, Social Sciences and Business are awarded as a Master of Arts (MA) rather than a Bachelor of Arts (BA). Despite the name, the MA is an undergraduate degree and is fully recognised as equivalent to a BA awarded by universities elsewhere in the UK.
The MA (Hons) Economics at the University of Aberdeen, Mumbai, equips students with the analytical and quantitative skills to understand and influence economic decisions in a global context. The programme combines core training in microeconomics, macroeconomics, applied economic analysis, policy evaluation, and economic modelling, while exploring the impact of markets, employment, investment, inflation, and public policy on businesses and societies.
Mirroring the curriculum delivered at Aberdeen’s home campus, the programme is shaped by research strengths in areas such as energy, labour, and development economics. Delivered by leading academics, it blends structured reasoning with practical application, preparing graduates for careers across finance, consulting, government, policy, and international development.
At a glance
What you'll study
This programme develops a comprehensive understanding of economics by combining core economic theory with the study of real-world policy and practice. The structure is designed to deepen critical thinking and quantitative reasoning skills year by year, starting with foundational topics and moving towards independent research and specialisation. Core areas include microeconomics, macroeconomics, applied economic analysis, and public policy. Teaching draws on the University’s leading research in labour, environmental, and energy economics.
- Year 1
-
Term 1
The Economics of Business and Society (15 credits) - EC1006 This course is an introductory course in microeconomics where we study the decision making of individual actors (consumers, employees, firms, governments, etc.) in an economy. Actors must make decisions about behaviours because they face scarce resources, but often they find that trading with other actors in markets can increase the wellbeing of all parties. This course models and examines the nature of these interactions, highlighting when they work well and when they fail to increase wellbeing and what might be the solution to these failures. Finance 1: Finance, Risk and Investment (15 credits) - FI1004 The module considers the nature and operation of investment markets, focusing on three asset classes; shares, bonds and real estate. It looks at the characteristics of these investment options in terms of their risks and returns. The module introduces basic financial mathematics: time value of money, calculation of present values and investment rates of return. Finally, it considers the role of financial institutions and regulatory bodies in personal finance, where consumers and financial markets interact. International Context for Business I (15 credits) - IN1001 Using Economics as a viewpoint, this course investigates the big issues and key questions facing international business in a global economy and seeks explanations using a variety of real world tools, models and concepts. Issues covered include technology and automation, innovation and the networked economy, scarcity and choice, globalisation, inequality, the firm (its owners, managers, employees and customers), markets and public policy, financial instability and environmental issues. Managing Organisations (15 credits) - MS1009 The aim of this course is to introduce students to the fundamentals of management, the internal structure and processes of organisations. Students will understand the main functions of management, what management is, what managers do and the factors that influence behaviour and performance of managers and other employees within an organisation.
The course will introduce a range of theories, research and real-life illustrations of a diverse range of management practices and organisational behaviour. The course will cover areas of: Staffing, Groups and Teams, Leadership and Management, Human Resource Management, Organisational Structure, Culture and Change, Communication, Marketing, Branding and Organisational Processes.
Term 2
Academic and Professional Skills (15 credits) - MS1511 The aim of this course is to develop a range of academic and professional skills in business management students. These skills will be relevant for both academic study and the professional, post-study workplace. This will be a practical, workshop-based, interactive course, aimed at developing student competence in a range of important academic and professional skills. The skills addressed will include: information searching/evaluation, understanding statistics, academic writing skills, group working, understanding referencing and plagiarism, and presentation skills. Accounting and Entrepreneurship (15 credits) - AC1517 The course provides an understanding of how organisations, particularly small businesses, capture, create and use accounting information both to guide their own activities and to communicate their financial performance and financial position to parties external to themselves. It develops knowledge and understanding of accounting, accounting techniques and accounting information, so that students become informed users of accounting data and information, not creators of that data and information. International Context for Business II (15 credits) - IN1501 The purpose of this course is to introduce you to the external global context in which businesses operate. It explores the political, economic, sociocultural, technological, ethical and market influences on business. It also explores how businesses interact to the global environment through innovation, strategy, operations and marketing. The Global Economy (15 credits) - EC1506 This course is an introductory course in macroeconomics where we study the behaviour of the economy as a whole. Whereas microeconomics focuses on individual markets, macroeconomics addresses the “big issues” such as unemployment, inflation, economic growth, and financial crises. Macroeconomics is a lively subject, full of discussion and debate, as economists and policymakers take different views on macroeconomic issues, their causes and appropriate policy responses. Issues such as: Is the economy growing? What causes unemployment and how can we reduce it? How can we avoid recessions? When is inflation a problem? Are banks lending too much? - Year 2
-
- Contemporary Issues in Business (15 credits)
- Human Resource Management (15 credits)
- Intermediate Macroeconomics (30 credits)
- Intermediate Microeconomics (30 credits)
- Marketing (15 credits)
- Operations Management (15 credits)
- Year 3
-
- Econometrics (30 credits)
- Economics of Natural Resources and the Environment (30 credits)
- International Economics (30 credits)
- Mathematical and Statistical Methods in Economics (30 credits)
- Year 4
-
- Advanced Macroeconomics (30 credits)
- Advanced Microeconomics (30 credits)
- Applied Economic Policy (30 credits)
- Evaluation Economics Dissertation (30 credits)
How you'll study
Learning methods
- Lectures
- Tutorials
- Research
- Individual Projects
Students learn through a blend of traditional lectures and interactive teaching approaches that emphasise application and inquiry. Tutorials provide space for discussion and critical debate. Group projects foster collaboration, while the dissertation enables independent research on real-world economic questions.
Assessment methods include coursework, essays, presentations, written exams, and a final-year dissertation, with consistent feedback to support student progress.
Why study MA (Hons) Economics?
- Gain a structured understanding of how income, policy, markets, and global forces shape economic outcomes.
- Build core skills in critical thinking, quantitative reasoning, and policy evaluation.
- Learn within a UK academic framework, with the same structure and standards as the University’s home campus.
- Benefit from teaching shaped by leading research centres, including ACREEF (the Aberdeen Centre for Research in Energy Economics and Finance), directed by Professor Alex Kemp, adviser to the Scottish Government.
- Explore labour markets, education, and employment issues through CELMR (the Centre for European Labour Market Research)-led teaching and research.
- Develop economic fluency applicable to finance, consulting, and international policy work.
- Graduate with a globally recognised UK degree from a university known for academic excellence.
Interested in this programme?
Entry Requirements
Indian boards (CBSE/ISC/State boards):
Minimum 75% overall in Class XII, with at least 80% in English, and a minimum of 75% in Mathematics achieved in Class X, XI, or XII.
A levels (UK/Cambridge A Level):
Minimum BBC, with at least a Grade C in GCSE Mathematics.
International baccalaureate (IB):
Minimum 32 points overall, with 5, 5, 5 at Higher Level.
Fees and Funding
Save ₹2000 on your application fee. Apply before 15 June 2026 with zero application fee.
Scholarships
The fee structure at the University of Aberdeen, Mumbai differs by programme and level of study. Detailed information on fees, inclusions, and payment options will be shared to help students and families plan with confidence.
The University of Aberdeen is committed to widening access and supporting students from all backgrounds. Scholarships will include need-based assistance for learners from low-income households and merit-based awards for high-achieving students. Notably, the Aberdeen Pioneer Scholarship offers a ₹2 lakh tuition fee waiver for each year of study. This scholarship will automatically apply to all eligible students enrolling in the September 2026 intake. Terms and conditions will apply.
Scholarships will include need-based assistance for learners from low-income households and merit-based awards for high-achieving students. Complete details of the fee structure and scholarships will be communicated during the admissions process.
Careers
An Economics degree from the University of Aberdeen, Mumbai, prepares students for impactful roles across a wide spectrum of industries. With its focus on critical thinking, data literacy, and decision-making frameworks, the programme equips graduates to navigate and shape the complex economic landscapes of today.
The skills acquired through this degree are highly sought after by employers in finance, government, policy making, consulting, and technology. Graduates are prepared to analyse economic trends, evaluate policy impacts, and contribute to strategic planning in both private and public sectors. The programme’s grounding in real-world issues, combined with its emphasis on research and quantitative analysis, ensures that students are not only job-ready but capable of adapting to new economic challenges as they arise.
Based in Mumbai, students are well placed to build networks and pursue internships in one of the fastest-growing major economies. From economic advisory roles to market research and policy analysis, Aberdeen graduates are prepared to contribute meaningfully to both national and international projects.
Career options include:
- Economic Analyst
- Policy Advisor
- Financial Consultant
- Investment Banking Associate
- Public Sector Economist
- Data Analyst
- Market Researcher
- International Development Consultant
Accreditation
Established in 1495, the University of Aberdeen is home to a Business School renowned for its academic quality and research excellence. It was ranked 1st in Scotland for Overall Satisfaction in Business Studies in the National Student Survey (NSS 2025), 12th in the UK by the Guardian University Guide 2025, and 15th in the Times and Sunday Times Good University Guide 2025. In 2023, the Business School earned the prestigious EQUIS accreditation, placing it among a select group of just over 200 leading business schools worldwide.
The MA (Hons) Economics programme in Mumbai is delivered to the same high standards as the University’s home campus in Scotland. Students benefit from the expertise of leading academics and graduate with a UK-accredited degree recognised for its intellectual strength and global relevance.