Introduction

The University of Aberdeen is following Scottish Government Guidelines in relation to the Covid-19 pandemic. This includes adhering to physical distancing measures to support a safe environment for our staff and students. Therefore for programmes with a January 2021 start date the programme structure and delivery method may differ slightly from that listed on this page. Find out more about January 2021 study with us .

This programme combines the strengths of the School of Social Science and the Business School to explore the intersection between money, politics and power and the relationship between international finance and policymaking at the transnational level.

Study Information

Study Options

Learning Mode
On Campus Learning
Degree Qualification
MSc
Duration
12 months or 24 months
Study Mode
Full Time or Part Time
Start Month
January or September
Location of Study
Aberdeen
Subject marketing image

This programme is designed to train specialists for careers in the international finance or in the government/non-government (NGO) sectors, where an understanding of global flows of money, trade and labour, and the global distribution of wealth they engender, is required.

Over the last few decades, there has been a steady increase in cross-border financial flows, as a result of the globalisation of financial markets. At the same time, we have witnessed fundamental societal and political changes and how nation-states behave and interact with one another, as well as technological advances and financial innovation.

As a result, businesses, governments, and investors therefore face an ever-growing need to understand the relationship between political relations and international markets. By combining the key theories and themes in the study of international political economy with corporate finance and investments, this Masters programme addresses the need, by teaching the advanced skills needed to gather, analyse and evaluate information on the politics of international finance and to enable you to communicate how international finance, banking, and stock markets intersect with national and international political events.

Available Programmes of Study

International Finance and Political Relations

Qualification Duration Learning Mode Study Mode Start Month Location  
MSc 12 months or 24 months On Campus Learning Full Time or Part Time September Aberdeen View

Programme Information

Semester 1

Semester 1

Compulsory Courses
International Political Economy: Theory and Themes (IR5007)

30 Credit Points

Introduces students to the key theories and themes in the disciplinary study of International Political Economy. Topics covered include global inequality and wealth distribution; financialization and crisis; precarization of work; global regulation of trade, labour, and money; gender, and the environment in the international political economy.

View detailed information about this course
Issues in Corporate Finance (BU5034)

15 Credit Points

This course introduces students to basic financial concepts before moving on to introduce students to a number of areas of corporate finance including investment appraisal decisions, examining capital structure theory, the financing decisions of the firm, and corporate restructuring. The main aim of the course is to equip students with good analytical skills in order to understand the implications of corporate financing decisions by understanding why companies behave the way they do with respect to financing choices and how this interacts with the real world financial markets, and to enable students to understand the theoretical underpinnings of corporate finance theory.

View detailed information about this course
Economic Analysis (BU5033)

15 Credit Points

The course will cover the main elements of Microeconomic Theory together with how this underpins the macro economy, covering consumer theory, how consumers choose under constraint of a budget, to generate demands. How this theory can be used to consider the welfare effects of price changes will be considered. The problem of production will be examined to understand the supply, and the demand and supply side will be drawn together to consider market structure. How the theory can be used to identify market supplies and demands from empirical data will be examined.

View detailed information about this course
Semester 2

Semester 2

Compulsory Courses
Financial Analysis and Markets (BU5575)

15 Credit Points

Like football, this course is a game of two halves. The first half is financial analysis and builds your ability to analyse companies and think about the implications of financial performance for investors. We will be using Datastream and the ThomsonReuters Eikon system. In the second half we will think about how stock markets work and how they are regulated.

View detailed information about this course
Portfolio Analysis (BU5526)

15 Credit Points

This course examines theories and issues relevant to portfolio analysis. Themes include: risk and return; investment motives; the application of modern portfolio theory (including the Capital Asset Pricing Model); information and market efficiency; portfolio analysis and asset pricing; bonds and equities; real estate and derivative markets.

View detailed information about this course
Dimensions of Globalization (SO5512)

30 Credit Points

This interdisciplinary course focuses on substantive dimensions of globalization by considering recent changes occurring in the economic, political, social, and cultural realms of society. These themes are analysed by considering recent empirical studies, which seek to clarify our theoretical understanding of globalization through advanced social scientific research. The substantive themes covered include global capitalism, the global division of labour, global governance, the changing role of the nation‐state, transnational social change, and cultural homogenization and heterogenization. Interconnections between these aspects of globalization are highlighted.

View detailed information about this course
Semester 3

Semester 3

Compulsory Courses

Students must take either IR5905 or BU5903.

Dissertation in International Political Economy (IR5905)

60 Credit Points

​The dissertation in IPE enables students to develop in-depth knowledge of a topic of interest. Under close supervision by an expert on the topic selected, students have an opportunity to frame, develop, research and write a substantive and original thesis on a topic of their choosing.

View detailed information about this course
Dissertation for Finance Programmes (BU5903)

60 Credit Points

The capstone of your programme. A significant individual piece of work showing your ability to think, research, organise and analyse. You will work with a member of faculty to develop a proposal that you will then turn into 10,000 words of reality!

View detailed information about this course

Programme Fees

Fee information
Fee category Cost
Home / EU / RUK Students £9,000
Tuition Fees for 2020/21 Academic Year
International Students £19,000
Tuition Fees for 2020/21 Academic Year
MSc 12 months or 24 months On Campus Learning Full Time or Part Time January Aberdeen View

Programme Information

Semester 1

Semester 1

Compulsory Courses
Dimensions of Globalization (SO5512)

30 Credit Points

This interdisciplinary course focuses on substantive dimensions of globalization by considering recent changes occurring in the economic, political, social, and cultural realms of society. These themes are analysed by considering recent empirical studies, which seek to clarify our theoretical understanding of globalization through advanced social scientific research. The substantive themes covered include global capitalism, the global division of labour, global governance, the changing role of the nation state, transnational social change, and cultural homogenization and heterogenization. Interconnections between these aspects of globalization are highlighted.

View detailed information about this course
Portfolio Analysis (BU5526)

15 Credit Points

This course examines theories and issues relevant to portfolio analysis. Themes include: risk and return; investment motives; the application of modern portfolio theory (including the Capital Asset Pricing Model); information and market efficiency; portfolio analysis and asset pricing; bonds and equities; real estate and derivative markets.

View detailed information about this course
Financial Analysis and Markets (BU5575)

15 Credit Points

Like football, this course is a game of two halves. The first half is financial analysis and builds your ability to analyse companies and think about the implications of financial performance for investors. We will be using Datastream and Bloomberg software. In the second half we will think about how stock markets work and how they are regulated.

View detailed information about this course
Semester 2

Semester 2

Compulsory Courses

Student must take either IR5905 or BU5903.

Dissertation in International Political Economy (IR5905)

60 Credit Points

​The dissertation in IPE enables students to develop in-depth knowledge of a topic of interest. Under close supervision by an expert on the topic selected, students have an opportunity to frame, develop, research and write a substantive and original thesis on a topic of their choosing.

View detailed information about this course
Master's Dissertation in Accountancy & Finance (BU5903)

60 Credit Points

The capstone of your programme. A significant individual piece of work showing your ability to think, research, organise and analyse. You will work with a member of faculty to develop a proposal that you will then turn into 10,000 words of reality!

View detailed information about this course
Semester 3

Semester 3

Compulsory Courses
International Political Economy: Theories and Themes (IR5007)

30 Credit Points

Introduces students to the key theories and themes in the disciplinary study of International Political Economy. Topics covered include global inequality and wealth distribution; financialization and crisis; precarization of work; global regulation of trade, labour, and money; gender, and the environment in the international political economy.

View detailed information about this course
Issues in Corporate Finance (BU5034)

15 Credit Points

This course introduces students to basic financial concepts before moving on to introduce students to a number of areas of corporate finance including investment appraisal decisions, examining capital structure theory, the financing decisions of the firm, and corporate restructuring. The main aim of the course is to equip students with good analytical skills in order to understand the implications of corporate financing decisions by understanding why companies behave the way they do with respect to financing choices and how this interacts with the real world financial markets, and to enable students to understand the theoretical underpinnings of corporate finance theory.

View detailed information about this course
Economic Analysis (BU5033)

15 Credit Points

The course will cover the main elements of Microeconomic Theory together with how this underpins the macro economy, covering consumer theory, how consumers choose under constraint of a budget, to generate demands. How this theory can be used to consider the welfare effects of price changes will be considered. The problem of production will be examined to understand the supply, and the demand and supply side will be drawn together to consider market structure. How the theory can be used to identify market supplies and demands from empirical data will be examined.

View detailed information about this course

Programme Fees

Fee information
Fee category Cost
Home / EU / RUK Students £9,000
Tuition Fees for 2020/21 Academic Year
International Students £19,000
Tuition Fees for 2020/21 Academic Year

We will endeavour to make all course options available; however, these may be subject to timetabling and other constraints. Please see our InfoHub pages for further information.

Why Study International Finance and Political Relations?

  • This is an interdisciplinary programme that combines the strengths of the School of Social Science and the Business School
  • There is a strong emphasis on providing a grounding in theoretical foundations of international finance and politics but combined with the key practical analytical skills and knowledge required by businesses, governments and other organisations. 
  • You will learn about the operation of international financial markets in the context of globalization, global capital flows and the interconnections between international business and social and political change to understand how the international financial system is affected by contemporary events and changes in international political systems.
  • We welcome applications from students from across a wide range of academic backgrounds. You do not need a degree in business or politics to be considered for this programme.

Entry Requirements

Qualifications

The information below is provided as a guide only and does not guarantee entry to the University of Aberdeen.

Applicants for admission will normally be expected to hold a relevant Honours degree with a 2:1 standard from a recognised university or body. We welcome applications from students from across a wide range of academic backgrounds. You do not need a degree in business or politics to be considered for this programme.

Applicants without this qualification may be admitted subject to having an alternative qualification, or an approved level of work experience appropriate to the field of study. Also taken into careful consideration is the trajectory of results, an applicant without an overall 2.1 but with 2.1 results in their final two years of study may be admitted.

Please enter your country to view country-specific entry requirements.

English Language Requirements

To study for a Postgraduate Taught degree at the University of Aberdeen it is essential that you can speak, understand, read, and write English fluently. The minimum requirements for this degree are as follows:

IELTS Academic:

OVERALL - 6.5 with: Listening - 5.5; Reading - 5.5; Speaking - 5.5; Writing - 6.0

TOEFL iBT:

OVERALL - 90 with: Listening - 17; Reading - 18; Speaking - 20; Writing - 21

PTE Academic:

OVERALL - 62 with: Listening - 51; Reading - 51; Speaking - 51; Writing - 54

Cambridge English Advanced & Proficiency:

OVERALL - 176 with: Listening - 162; Reading - 162; Speaking - 162; Writing - 169

Read more about specific English Language requirements here.

Document Requirements

You will be required to supply the following documentation with your application as proof you meet the entry requirements of this degree programme. If you have not yet completed your current programme of study, then you can still apply and you can provide your Degree Certificate at a later date.

Degree Certificate
a degree certificate showing your qualifications
Degree Transcript
a full transcript showing all the subjects you studied and the marks you have achieved in your degree(s) (original & official English translation)
Personal Statement
a detailed personal statement explaining your motivation for this particular programme
Reference x 2
two reference letters, one of which should be from your university discussing your academic ability. If you have been out of education for a long time you may wish to use your current or most recent employers, or other professional individuals

Fee Information

Additional Fee Information

  • Fees for individual programmes can be viewed in the Programmes section above.
  • In exceptional circumstances there may be additional fees associated with specialist courses, for example field trips. Any additional fees for a course can be found in our Catalogue of Courses.
  • For more information about tuition fees for this programme, including payment plans and our refund policy, please visit our InfoHub Tuition Fees page.

Scholarships

Eligible self-funded international Masters students will receive the Aberdeen Global Scholarship. Visit our Funding Database to find out more and see our full range of scholarships.

Careers

This programme is aimed at training highly qualified specialists for careers in the international business and finance sector or in government or the non-government (NGO) organisations, where an understanding of global flows of labour, trade and finance, and the global distribution of wealth and poverty they engender, is required.

Our Experts

Information About Staff Changes

You will be taught by a range of experts including professors, lecturers, teaching fellows and postgraduate tutors. Staff changes will occur from time to time; please see our InfoHub pages for further information.

Get in Touch

Contact Details

Address
Student Recruitment & Admissions Service
University of Aberdeen
University Office
Regent Walk
Aberdeen
AB24 3FX