Economics and Finance at Aberdeen is a brilliant subject combination and springboard to an exciting career in international business and finance. Economics gets to grips with the global economy and what influences the wealth of nations and Finance adds a powerful understanding of the principles and practice of finance, giving you all-round business skills to take advantage of the many opportunities available to sought-after Aberdeen graduates.
This programme is studied on campus.
In Economics, you will explore the microeconomics of business and society, macroeconomics of the world economy and economic problems in political, social and historical contexts, with a strong emphasis on applied learning. You will be taught by experts including leading petroleum economist and government adviser Professor Alex Kemp and our health economists whose work influences Scottish and UK policy decisions on public health.
Finance will give you skills in financial management, corporate finance, personal finance, financial institutions, derivatives and the stock market. You will develop intellectually by analysing and evaluating financial problems and the practical skills to understand and use information from financial newspapers and documents. You will have close links with employers, work on real-life business scenarios and use sophisticated financial management technology and software, such as our virtual Thomson Reuters Eikon trading floor, used by major financial services companies across the world, integrating real activity in financial markets directly into students’ courses.
You will thrive in the dynamic, international environment of our Business School of 45 nationalities. You will be taught by renowned experts in their fields and dedicated careers advisers, who will guide you on the skills and attributes sought by employers from large multinational blue-chips to small and medium-sized enterprises in all sectors of business.
Key Programme Information
At a Glance
- Learning Mode
- On Campus Learning
- Degree Qualification
- 48 months
- Study Mode
- Full Time
- Start Month
- UCAS Code
What You'll Study
- Year 1
- Finance 1: Finance, Risk and Investment (FI1004) - 15 Credit Points
This foundation course in finance, risk and investment is the requisite for several degree programmes and for level 2 real estate and finance courses. 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.
- 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.
- 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?
- Accounting and Entrepreneurship (AC1515) - 15 Credit Points
This is an introduction to accounting which aims to provide an understanding of how organisations – particularly small and medium sized businesses – capture, create and use accounting information both to guide their activities internally within the management function and to communicate their financial performance and position to external users of the accounts. This course allows students to develop practical and analytical skills through a problem-solving approach to accounting-related aspects of business performance reporting and control, particularly in relation to bookkeeping, accounts preparation, budgeting and management accounting.
- 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.
- 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
Select a further 60 credit points from courses of choice
- Year 2
- 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.
- Personal Investment (FI2001) - 15 Credit Points
The objective of the course is to introduce the concept of personal financial management. This is done by developing financial awareness and capability in evaluating contemporary products of the financial services industry through an understanding of the industry's institutions, regulation, marketing and products. The aim is to give students the knowledge that they need to make long term decisions about their own and other people's finances that will increase life-time wealth. They will also learn about the role of the financial advisor and the qualifications required both from the perspective of a consumer and as a potential career option.
- Finance 2: Business Finance (FI2004) - 15 Credit Points
The main aim of this course is to develop a sound understanding of fundamental principles underlying the theory and practice of finance, thereby providing a strong basis for further study of advanced finance theory and cognate disciplines. The course introduces students to important concepts in finance: principles of assets pricing, concept of risk and return, theory of interest rates and pricing fixed income securities, evaluation of investment project with a focus on embedded real options. It equips students with good analytical skills in order to understand the implications of financial decisions by understanding the fundamentals that govern them.
- 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.
- Financial Markets and Regulation (FI2501) - 15 Credit Points
This course provides students with an understanding of the financial system, primarily from a UK perspective, introducing students to the reasons for, and nature of, financial markets and institutions before moving on to explore the need and importance of financial regulation, and investigating the causes and consequences of the recent global financial crisis. The course will introduce students to a variety of topics including the role of wholesale and retail banks, non-bank financial institutions, the debt and equity markets, and the derivative markets; market efficiency, UK and international regulation, consumer protection and market abuse.
- Understanding Statistics (PO2508) - 15 Credit Points
This course aims to provide students with an understanding of statistical concepts and methods relevant to accounting, management, finance, real estate and economics. The course is intended to enable students
i) To understand the principles of descriptive statistics, index construction, statistical inference, correlation, regression and time series analysis
ii) To apply statistical techniques to the analysis of accounting, business and economic issues and interpret findings
iii) To identify important sources of data in accounting, business and economics
- Year 3
- Finance 3: Corporate Finance (FI3004) - 30 Credit Points
This course introduces students to a number of areas of corporate finance including examining capital structure theory, project valuation models, the financing decisions of the firm, and corporate restructuring (including reorganisations and mergers and acquisitions). 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.
- International Financial Management (FI3503) - 30 Credit Points
This course is about international financial management; illustrated by using theory, data, examples and practical case scenarios to consider methods for making international financial decisions. A central theme of the course is the evaluation and management of risks that arise in international financial markets. Topics include: the concept of globalisation and the characteristics of multinational corporations; foreign exchange markets, international parity conditions and exchange rate determination; international capital markets, international financing and political risk; risk management, foreign currency hedging and foreign currency derivatives.
- Students are required to have exactly 240 credits at levels 3 and 4, at least 210 of which must be Economics (EC)or Finance (FI), and normally no more than 120 credits from either discipline. At least 90 credits must be at level 4.
- Year 4
- Select Empirical Methods in Finance (FI4003) and/or Financial Strategy and Investment Management (FI4002)
One of the following Options:
- Economics Dissertation (EC4526)
- Dissertation in Finance (FI4501)
Students are required to have exactly 240 credits at levels 3 and 4, at least 210 of which must be Economics (EC)or Finance (FI), and normally no more than 120 credits from either discipline. At least 90 credits must be at level 4.
- Empirical Methods in Finance (FI4003) - 30 Credit Points
This course aims to provide an overview of quantitative methods needed to conduct empirical research in finance and financial economics. The course is intended to enable students
i) To develop knowledge and understanding of the theoretical practical approaches to quantitative methods in finance.
ii) To develop the practical quantitative skills to equip students for dissertations in finance and for on-going work in the finance area.
iii) To develop intellectual skills by understanding of the appropriate use of statistical techniques for various financial problems.
iv) To develop the ability to write extended research reports on original topics in finance
- Financial Strategy and Investment Management (FI4002) - 30 Credit Points
Covering the intellectually and commercially fertile ground at the accountancy/finance interface. Considering financial analysis from both theoretical and practical angles. Do you need to understand financial reporting to be an investor? How should we assess the success of an acquisition? Why do accountants think mergers don’t exist? How do companies decide on financing strategies? Does corporate governance and ethics really matter – do share prices react to it? These are some of the questions we will address alongside using DataStream and the ThomsonReuters Eikon system. The course might give you some ideas for your dissertation too.
- 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.
- Dissertation in Finance (FI4501) - 30 Credit Points
All Accountancy and Finance students must undertake a dissertation. Students taking a joint degree may undertake the dissertation in either discipline, but not both. It is designed to show that you are able to:
Carry out a substantial piece of research on a chosen subject without close supervision
Critically analyse and evaluate work carried out by others
Reach your own conclusions based upon your analysis and evaluation of relevant evidence, whether this is prior research only or prior research coupled with your own research.
Write-up the results of your work in a clear, coherent and logical way.
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
- Individual Projects
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.
- 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.
- View detailed learning and assessment information for this programme
How the programme is taught
The typical time spent in scheduled learning activities (lectures, tutorials, seminars, practicals), independent self-study or placement is shown for each year of the programme based on the most popular course choices selected by students.
How the programme is assessed
The typical percentage of assessment methods broken down by written examination, coursework or practical exams is shown for each year of the programme based on the most popular course choices selected by students.
Learning Methodscheduled: 24%
Learning Methodscheduled: 16%
Learning Methodscheduled: 12%
Learning Methodscheduled: 11%
Why Study Economics and Finance?
- An excellent teaching environment, committed to the needs of industry, which integrates research in to teaching, grows transferable skills and develops intellectual skills on a range of contemporary economic problems.
- 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.
- Professional training facilities such as our virtual Thomson Reuters Eikonâ„¢ trading floor, used by major financial services companies across the world and integrates real activity in financial markets directly into our students' courses.
- Enterprise Campus, a new initiative to nurture entrepreneurial skills and support students wanting to progress their own business ideas.
- ACREEF (the Aberdeen Centre for Research in Energy Economics and Finance) headed by leading international petroleum economist and author Professor Alex Kemp, adviser to the Scottish Government.
- Home to CELMR (the Centre for European Labour Market Research) which leads research in education, skills and labour markets so topical today.
- The spectacular, award-winning Sir Duncan Rice Library, with brilliant study facilities, state-of-the-art learning technology, and an extensive collection of reference books, journals and other media for economics and business studies.
- A packed campus programme of student, public and business events, and the annual May Festival attracting internationally acclaimed public figures, business leaders, authors and broadcasters to debate critical challenges in the world today.
- 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 financial challenges.
- Professional training facilities such as virtual Thomson Reuters Eikonâ„¢ trading floor, used by major financial services companies across the world and integrating real activity in financial markets directly into our students' courses.
- The spectacular, award-winning Sir Duncan Rice Library, with brilliant study facilities, state-of-the-art learning technology, and an extensive collection of reference books, journals and other media for finance and business studies.
- A packed campus programme of student, public and business events, and the annual May Festival which attracts public figures, politicians, business leaders, and broadcasters to discuss and debate critical challenges in our world today.
- Enterprise Campus, a new initiative to nurture entrepreneurial skills and support students wanting to progress their own business ideas.
- Our location in the main European centre for the oil and gas industry, where multinational firms and financial services all have offices in the city, and close links to our teaching programmes.
The information below is provided as a guide only and does not guarantee entry to the University of Aberdeen.
General Entry Requirements
- 2018 Entry
- 2019 Entry
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.
Standard Offer: AABB - BBB
Applicants who have achieved between AABB - BBB are encouraged to apply and will be considered. Good performance in additional Highers / Advanced Highers may be required in order to receive an offer of admission.
Adjusted / Access Threshold: BB (or below)
Applicants who have achieved BB, and who meet one or more Widening Participation criteria, are encouraged to apply and will be considered. Good performance in additional Highers / Advanced Highers will be required in order to receive an offer of admission.
Standard offer: BBB
Adjusted / Access Threshold: BB (or below)
32 points, including 5, 5, 5 at HL.
Irish Leaving Certificate
5H with 3 at H2 AND 2 at H3 OR AAABB, obtained in a single sitting. (B must be at B2 or above)
National 5/ S Grade/ GCSE- Maths
Further detailed entry requirements for Arts and Social Sciences degrees.
English Language Requirements
To study for an Undergraduate 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:
OVERALL - 6.0 with: Listening - 5.5; Reading - 5.5; Speaking - 5.5; Writing - 6.0
OVERALL - 78 with: Listening - 17; Reading - 18; Speaking - 20; Writing - 21
OVERALL - 54 with: Listening - 51; Reading - 51; Speaking - 51; Writing - 54
Cambridge English Advanced & Proficiency:
OVERALL - 169 with: Listening - 162; Reading - 162; Speaking - 162; Writing - 169
Fees and Funding
You will be classified as one of the fee categories below.
For international students (all non-EU students) the tuition fee charged upon entry 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.
|Home / EU||£1,820|
|Students Admitted in 2018/19 Academic Year|
|Students Admitted in 2018/19 Academic Year|
International non-EU Applicants
- 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.
As an Economist you can work in fund management, accountancy, investments, banking and the civil service. You may choose to use your finance knowledge to specialise in a financial area which when combined with economics gives you a greater skill set and a unique ability, or you may go into teaching, research or other professional areas.
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.
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