Introduction

Economics at Aberdeen gets to grips with the global economy and the factors that influence wealth from a social and financial perspective, taught by leading economists. You'll gain thorough understanding of economic theories and models and explore how they work in the real world, gaining skills that will be very attractive to top employers.

This programme is studied on campus.

Economics at Aberdeen explores the factors that affect political processes, social reforms and international relations within an economic context. You'll study topics including microeconomics of business and society, macroeconomics of the world economy, and economic problems within a variety of political, social and historical contexts.

The University Business School is a vibrant community of 45 nationalities, in small classes, with courses focused on employability, and a strong track record of research in applied economics, particularly in the areas of petroleum and renewable energy. Health and wellbeing is also a focus, with close links to our Health Economics Research Unit, a leading centre in Europe.

Our Economics graduates are sought after by top employers in business, government, education, and private consulting. Aberdeen is known as the oil and gas capital of Europe, which brings contact with multinational energy companies and graduate opportunities. However you'll have opportunities widely across industry. Recent Aberdeen graduates are progressing their careers with the World Bank, European Central Bank, Deloitte & Touche, Deutsche Bank, Ernst & Young, KPMG and as finance professionals with Morgan Stanley, Scottish Life and Royal Bank of Scotland.

You’ll enjoy our warm Aberdeen welcome and our friendly and vibrant international community, small classes with plenty of individual attention, close links with employers and real-life scenarios to work on, and a beautiful campus with great facilities for learning, sports and leisure, and opportunities to develop personally as well as professionally, and broaden your horizons through study abroad.

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Key Programme Information

At a Glance

Learning Mode
On Campus Learning
Degree Qualification
MA
Duration
48 months
Study Mode
Full Time
Start Month
September
UCAS Code
L100

What You'll Study

Economics at Aberdeen is a diverse programme that explores the many factors that influence wealth from a social and financial perspective. You will gain an in-depth understanding of economics by studying topics such as the microeconomics of business and society, macroeconomics of the global economy and economic problems within a variety of political, social and historical contexts.

Year 1

Year 1

Compulsory Courses

The Economics of Business and Society (EC1006) - 15 Credit Points

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.

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The Global Economy (EC1506) - 15 Credit Points

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?

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Academic Writing for Business (AW1003)

This compulsory evaluation is designed to find out if your academic writing is of a sufficient standard to enable you to succeed at university and, if you need it, to provide support to improve. It is completed on-line via MyAberdeen with clear instructions to guide you through it. If you pass the evaluation at the first assessment it will not take much of your time. If you do not, you will be provided with resources to help you improve. This evaluation does not carry credits but if you do not complete it this will be recorded on your degree transcript.

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Professional Skills Part 1 (PD1001)

This course, which is prescribed for level 1 students and optional for level 2 students, is studied entirely online and covers topics relating to careers and employability, equality and diversity and health, safety and wellbeing. During the course you will learn about the Aberdeen Graduate Attributes, how they are relevant to you and the opportunities available to develop your skills and attributes alongside your University studies. You will also gain an understanding of equality and diversity and health, safety and wellbeing issues. Successful completion of this course will be recorded on your Enhanced Transcript as ‘Achieved’ (non-completion will be recorded as ‘Not Achieved’). The course takes approximately 3 hours to complete and can be taken in one sitting, or spread across a number of weeks and it will be available to you throughout the academic year.This course, which is prescribed for level 1 students and optional for level 2 students and above, is studied entirely online and covers topics relating to careers and employability, equality and diversity and health, safety and wellbeing. During the course you will learn about the Aberdeen Graduate Attributes, how they are relevant to you and the opportunities available to develop your skills and attributes alongside your University studies. You will also gain an understanding of equality and diversity and health, safety and wellbeing issues. Successful completion of this course will be recorded on your Enhanced Transcript as ‘Achieved’ (non-completion will be recorded as ‘Not Achieved’). The course takes approximately 3 hours to complete and can be taken in one sitting, or spread across a number of weeks and it will be available to you throughout the academic year

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Optional Courses

  • Select a further 90 credit points from courses of choice
Year 2

Year 2

Compulsory Courses

Intermediate Microeconomics (EC2003) - 30 Credit Points

This course builds on and is a natural extension of EC 1006. By examining in a more rigorous way concepts introduced in EC 1006 students will develop further their analytical skills and they will obtain a better understanding of consumers and producers behaviour, market structure as well as the effectiveness of economic policy. The course is designed to appeal to all students interested in economics. This includes students who may wish not to enter into any further studies of economics, as well as students who may wish to continue studying economics at the honours level.

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Intermediate Macroeconomics (EC2503) - 30 Credit Points

This course focuses on macroeconomic policy in a global economy. The first part builds an open-economy Keynesian model to investigate what determines the effectiveness of fiscal and monetary policies, and how exchange rate regimes and capital mobility impact on policy effectiveness. The second part investigates what determines the level of macroeconomic activity and its growth over time. The final part looks at what determines inflation and unemployment. This intermediate level course uses live lectures to develop your analytical skills evaluating economic policy in a rigorous and technical way to equip you with the skills needed for honours level study.

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Optional Courses

  • Select a further 60 credit points from courses of choice
Year 3

Year 3

Optional Courses

  • Select 90 credit points from level 3 Economics courses
  • Select a further 30 credit points from courses of choice
Year 4

Year 4

Compulsory Courses

Economics Dissertation (EC4526) - 30 Credit Points

The dissertation presents students with the opportunity to apply their knowledge and research skills of Economics to an individual piece of research, focusing on a topic which has been chosen by the student and approved by the Dissertation coordinator and Dissertation supervisor. Over the course of the Dissertation, with guidance from the supervisor, the student will study a particular topic, conduct a literature review of relevant material, select appropriate theoretical and/or empirical methods to address the topic and write a final analysis in the form of the Dissertation of up to 10,000 words.

View detailed information about this course

Optional Courses

  • Select a 60 credit points from level 4 Economics courses
  • Select a further 30 credit points from level 3 or 4 Economics courses

Course Availability

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.

How You'll Study

Course delivery is via a mixture of lectures, seminars and small group tutorials.

Learning Methods

  • Individual Projects
  • Lectures
  • Research
  • Tutorials

Assessment Methods

Students are assessed by any combination of three assessment methods:

  • coursework such as essays and reports completed throughout the course;
  • practical assessments of the skills and competencies they learn on the course; and
  • written examinations at the end of each course.

The exact mix of these methods differs between subject areas, years of study and individual courses.

Honours projects are typically assessed on the basis of a written dissertation.

Why Study Economics?

  • An excellent teaching environment, committed to the needs of industry, which integrates research into teaching, enables transferable skills and develops intellectual skills on a range of contemporary economic problems.
  • ACREEF (the Aberdeen Centre for Research in Energy Economics and Finance) headed by leading international petroleum economist Professor Alex Kemp, adviser to the Scottish Government.
  • CELMR (the Centre for European Labour Market Research) leading research in education, skills and labour markets so topical today.
  • Benefit from professional training facilities such as our virtual trading room, the Thomson Reuters Eikon™ trading floor which is used by major financial services companies across the world and integrating real activity in financial markets directly into our students’ courses.
  • A thriving Economics Society, organising annual trips to international economic institutions including the European Union in Brussels, the European Central Bank in Frankfurt, and the Organisation for Economic Co-operation and Development in Paris.
  • Enterprise Campus, a new programme to nurture entrepreneurial skills and support students wanting to progress their own business ideas.
  • A packed campus programme of student, public and business events and the annual May Festival which welcomes internationally acclaimed public figures, business leaders, authors and broadcasters to discuss and debate critical challenges in the world today.  

Entry Requirements

You will find all the information you require about entry requirements on our dedicated 'Entry Requirements' page. You can also find out about the different types of degrees, changing your subject, offers and advanced entry.

Qualifications

SQA Highers - AABB
A Levels - BBB
National 5/ S Grade/ GCSE - Maths
IB - 32 points, 15 points at HL
ILC - 5H with 3 at H2 AND 2 at H3 OR AAABB, obtained in a single sitting. (B must be at B2 or above)

For Joint Honours Economics and Mathematics, SQA higher or GCE A Level or equivalent qualification in Mathematics is required.

Further detailed entry requirements for Arts and Social Sciences degrees.

English Language Requirements

To study for a degree at the University of Aberdeen it is essential that you can speak, understand, read, and write English fluently. Read more about specific English Language requirements here.

Fees and Funding

You will be classified as one of the fee categories below.

Fee Waiver

For international students (all non-EU students) entering in 2017/18, the 2017/18 tuition fee rate will apply to all years of study; however, most international students will be eligible for a fee waiver in their final year via the International Undergraduate Scholarship.

Most RUK students (England, Wales and Northern Ireland) on a four year honours degree will be eligible for a full-fees waiver in their final year. Scholarships and other sources of funding are also available.

Fee information
Fee category Cost
Home / EU £1,820
All Students
RUK £9,250
Students Admitted in 2018/19 Academic Year
International Students £15,000
Students Admitted in 2018/19 Academic Year

Additional Fees

  • 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.

Our Funding Database

View all funding options in our Funding Database.

Undergraduate Open Day

Our next Open Day will be on

Find out More

Careers

Studying Economics at Aberdeen will give you a wide variety of career choices. Known for being the oil and gas capital of Europe, there are many graduate opportunities in Aberdeen and the North East for you to start your career in the oil and gas field. Our diverse programme also offers opportunities in a range of other industries. Some of our recent graduates have gone on to work as economists with the World Bank and the Institute for International Economics; as accountants with companies such as Ernst & Young and as finance professionals with Morgan Stanley, Scottish Life and Royal Bank of Scotland.

Industry Links

There is an active Economics Society which organises annual trips to various economic institutions including the European Union (Brussels), the European Central Bank (Frankfurt), International Labour Office (ILO) and the Organisation for Economic Co-operation and Development (Paris)

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.

Excellent Economics Graduate Employment

Over 95% of Economics graduates gain employment or go on to further study.

Facilities

At Aberdeen, the Department of Economics is one of three disciplines that make up the University Business School. The department has a well-established tradition of research in applied economics, particularly in the areas of labour and energy. The University also has research interests in macroeconomics, the economics of health and well-being and experimental economics.

Key Information Set (KIS)

Unistats draws together comparable information in areas students have identified as important in making decisions about what and where to study. The core information it contains is called the Key Information Set.

You can compare these and other data for different degree programmes in which you are interested.

Get in Touch

Contact Details

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