Introduction

Finance and International Relations at Aberdeen brings the strong competitive advantage of your solid grounding in business, management and organisations in the wide context of world events. This programme will increase your understanding of how organisations, states and governments interact against a constantly changing global and economic scene. This will give you an added international dimension to your excellent career prospects.

This programme is studied on campus.

In Finance, you will explore financial management, corporate and personal finance, financial institutions, derivatives and the stock market. You will analyse and evaluate financial problems and gain the practical skills to understand and use information from financial newspapers and documents. Your knowledge will grow in the dynamic, international environment of our Business School of 45 nationalities, inspired by staff who are leaders in business practice and theory, in small classes with real-life scenarios. You will benefit from the input of employers and the support of dedicated careers advisers.

You will also benefit from professional training facilities, such as our virtual Thomson Reuters Eikon trading floor, used by major financial services companies across the world and integrating real activity in financial markets directly into students’ courses.

International Relations will set this in the context of how organisations work, how states interact, what creates global wealth and poverty and why we have inequality and the ever-present concerns of conflict and peace. You will be taught by internationally renowned academics with strong track records in publishing international papers and articles and who appear regularly in the media, commenting on developing world events.

You will gain the perfect foundation to add international career possibilities to your appeal to employers in all sectors, adding to all business sectors with options in local and national government, politics, journalism and international development.

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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
NLH2

What You'll Study

Year 1

Year 1

Compulsory Courses

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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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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Politics & International Relations 1: Democracy and Governance (PI1018) - 15 Credit Points

Politics and International Relations impacts on all parts of our lives, with more specifically it being the study of ideas, events, institutions and choice. Studying these provides us with both knowledge of the world and also how it operates and functions. It also changes our perception of our surroundings and makes us aware of an ever changing global context. This course will introduce students to concepts and ideas that form the basis for the study of these disciplines while simultaneously also helping us understand our own place within a global context.

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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.

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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.

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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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Politics & International Relations 2: Power and Conflict (PI1518) - 15 Credit Points

Politics and International Relations impacts on all parts of our lives, with more specifically it being the study of ideas, events, institutions and choice. Studying these provides us with both knowledge of the world and also how it operates and functions. It also changes our perception of our surroundings and makes us aware of an ever changing global context. This course will introduce students to concepts and ideas that form the basis for the study of these disciplines while simultaneously also helping us understand our own place within a global context.

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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 30 credit points from level 1 courses of choice

Year 2

Year 2

Compulsory Courses

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.

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Ideas and Ideologies in Politics and International Relations (PI2009) - 30 Credit Points

Ideas and ideologies are core to teaching, learning and research in Politics and International Relations. Theoretical developments are at the forefront of academic debates within the discipline, demonstrated by the appearance of a number of new approaches as more traditional theories have struggled to account for an ever changing world. This course will introduce students to these with profound questions and struggles over identity, belonging, justice and rights underpinning these theoretical debates.

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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.

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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.

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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

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Global Politics: Equality and Inequality (PI2508) - 30 Credit Points

Equality and inequality are at the forefront of many debates within contemporary Politics and International Relations. This course will examine the historical context, theoretical underpinnings, and also key concepts which continue to uphold equality and inequality on a global scale.

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Year 3

Year 3

Compulsory Courses

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.

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Researching Into the 21st Century (PI3069) - 30 Credit Points

Research methods and techniques are fundamental to the study of Politics and International Relations. In addition, they are highly desired by employers. This course will introduce students to a number of different research techniques which they will use throughout their studies at Honours and in particular their Honours dissertation. Moreover, they will also constitute a significant part of their graduate attributes.

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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.

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Optional Courses

  • Select 30 credit points from level 3 Politics & International Relations courses
Year 4

Year 4

Optional Courses

Option 1

  • Dissertation (International Relations) (IR4031)
  • Empirical Methods in Finance (FI4003) OR Financial Strategy and Investment Management (FI4002)
  • Plus further credit points from level 4 course(s) in Finance and Politics & International Relations to gain a total of 60 credits in each discipline

Option 2

  • Dissertation in Finance (FI4501)
  • Empirical Methods in Finance (FI4003) OR Financial Strategy and Investment Management (FI4002)
  • Plus further credit points from level 4 course(s) in Finance and Politics & International Relations to gain a total of 60 credits in each discipline
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

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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.

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Dissertation (International Relations) (IR4031) - 30 Credit Points

This course affords students the opportunity to apply their knowledge/research skills in the field of Politics & International Relations to an individual piece of research, focusing on a topic selected by the student and approved by the Dissertation supervisor. Over the course of the project, with guidance from a supervising member of staff, the student will conduct a literature review of relevant material, select appropriate research methods, gather data where necessary, analyse data, and write a final analysis in the form of the Dissertation. Particular emphasis will be given to helping students develop their own skills.

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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.

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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

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.
  • 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 Finance and International Relations?

Why Finance

  • 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 Eikon™ 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.

Why Politics and International Relations

  • A core curriculum with topical themes of conflict and security, representation and democracy, comparative politics and policy.
  • Special focus on the Middle-East, Latin America, North and South Asia, the Nordic Countries, Central and Eastern Europe – as well as Scotland, the UK and the EU.
  • Staff with specialist expertise in political parties and elections, democracy, energy politics, European integration and regionalism, human rights and development issues, interest groups, nationalism, conflict resolution and more.
  • A vibrant Politics & International Relations Society – voted Aberdeen ‘Society of the Year’ for the last three years, and Best Event 2013-14 for The Legacy of Nelson Mandela.
  • Opportunities to take advantage of spending your second year studying abroad, in Europe, Japan, Hong Kong or North America.
  • The spectacular, award-winning Sir Duncan Rice Library, combining a top-class study environment with state-of-the-art technology, and extensive reference collections for your studies.
  • A packed campus programme of events, seminars, invited speakers and the annual May festival, engaging prominent influencers, interest groups and public in debating major political issues such as Scottish independence and EU membership.
  • All the history and legacy of being part of a university developed over 500 years of national and international political turbulence, social change, and emerging democracy.

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, including 5, 5, 5 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)

Advanced entry is considered on an individual basis depending on prior qualifications and experience. Applicants wishing to be considered for advanced entry should contact directly the Director of Studies (Admissions) at our Student Recruitment and Admissions Service office.

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 £14,600
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.

Careers

There are many opportunities at the University of Aberdeen to develop your knowledge, gain experience and build a competitive set of skills to enhance your employability. This is essential for your future career success. The Careers Service can help you to plan your career and support your choices throughout your time with us, from first to final year – and beyond.

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.

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