Economic Studies MA / BSc (Hons)

  • For Entry: September
  • UCAS Code: L100
  • Duration: 4 years
  • College: Arts & Social Sciences
  • School: Business

Scotland was the birthplace of modern economics but the profession is now truly international. Our staff hold qualifications from major universities around the world, publish research in leading international journals and regularly present work at international conferences.

So if you want to understand how the economy works and the world of business and finance then there is no better place to study than at Dundee.

Why study Economic Studies at Dundee?

Dundee offers a flexible Honours programme in business, economics and finance enabling you to choose a combination of subjects that best suits your aptitudes and aspirations. You can choose to take either an MA if your interests and background lie mainly in the arts and social sciences or a BSc if you lean more towards mathematics, computing and the physical sciences.

If you want to train as an economist then the Economics degree will provide you with all you need while offering the greatest flexibility in your future career choices. If, however, you decide on a career in business then you can choose the Business Economics with Marketing degree which focuses on the business environment. The third possibility is the Financial Economics degree for those attracted by the opportunities in the financial sector.

Our focus on applied economics research makes our modules closely linked to real problems in contemporary economies.

The skills you will acquire will provide you with an excellent foundation for your future life and career.

What's so good about Economic Studies at Dundee?

Extra-curricular activities

The Dundee University School of Business Society (DUSBS) is run by our students who organise various events throughout the year.

You will also have the opportunity to attend recruitment talks from representatives of institutions such as the Government Economic Service, Scottish Executive, Bank of England etc.

Related Courses

This course is taught by the Economic Studies team based in the School of Business.

Our approach introduces you to modern analytical and problem solving skills that are important to professional economists and the wider business community.

In Levels 1 and 2 teaching is initially through a combination of lectures and tutorials, supplemented by workshops and computer laboratory sessions.

These continue in Levels 3 and 4 but you are also given the opportunity to prepare and deliver presentations, both individually and as members of a group. You may engage in case studies in which you research a company or topic in which you have an interest.

Staff profiles »

Honours Degree

An honours degree normally takes four years, full time, you study levels 1-4, as described below.

Advanced Entry Honours Degree

It is possible to study for most of our honours degrees in three years if you have the required grades and subjects as listed in the Entry Requirements section. You study levels 2-4 below. There are definite advantages to considering this route as the time needed to study is reduced by one year which enables you to start working and earning earlier.

Typical Degree Programme

Please refer to the degree structure and overview pages for the MA and BSc.

Level 1
  • Global Economic Perspectives: EC11002
    Semester 1, 20 credits
    Why does half the world's population live on less than $2 a day and can we do anything about world poverty? Is Climate change inevitable and if not how can we use economics to find a solution? In this module we show how elementary economics is used to get answers to contemporary and historical economic questions. No previous exposure to economic analysis is assumed.

  • Foundations of Economic Analysis: EC12003
    Semester 2, 20 credits
    This module develops the tools for analysing modern economy. It demonstrates how these tools can be used to analyse the behaviour of firms and households in the market place. It also analyses cases where markets break down and how government might intervene to prevent monopolies, pollution and exploitation, while promoting social welfare. In addition to this, the module also looks at the economy as a whole.

  • plus 4 other MA or BSc modules
Level 2
  • Microeconomics: EC21001
    Semester 1, 20 credits
    This module covers the micro aspects of the economy by focusing, initially, on the basic theories of consumer and firm behaviour. These provide the basis for the derivation and analysis of market demand and supply in various settings. The module then examines these settings by looking more closely at the market structure, and attempts to highlight: i) the conditions under which markets will or will not produce desirable outcomes; and ii) the role of government in improving the operation of markets.

  • Macroeconomics & Economic Statistics: EC22002
    Semester 2, 20 credits
    In the macroeconomics part of this module we provide an overview of the functioning of the macro-economy in a global context and an understanding of the key policy issues of the United Kingdom in particular. The module goes on to consider how and why money markets are important in the real world. The module also provides a short section on statistics where we introduce you to a selection of statistical procedures commonly used in economics and business and discuss the nature and limitations of some of the indicators conventionally used to measure economic performance.

  • plus 4 other MA or BSc modules
Level 3
Level 4

You may also choose a foreign language as part of your degree or even select options from other disciplines.

Honours Degree

An honours degree normally takes four years, full time, you study levels 1-4, as described below.

Advanced Entry Honours Degree

It is possible to study for most of our honours degrees in three years if you have the required grades and subjects as listed in the Entry Requirements section. You study levels 2-4 below. There are definite advantages to considering this route as the time needed to study is reduced by one year which enables you to start working and earning earlier.

Typical Degree Programme

Please refer to the degree structure and overview pages for the MA and BSc.

Level 1
  • Global Economic Perspectives: EC11002
    Semester 1, 20 credits
    Why does half the world's population live on less than $2 a day and can we do anything about world poverty? Is Climate change inevitable and if not how can we use economics to find a solution? In this module we show how elementary economics is used to get answers to contemporary and historical economic questions. No previous exposure to economic analysis is assumed.

  • Foundations of Economic Analysis: EC12003
    Semester 2, 20 credits
    This module develops the tools for analysing modern economy. It demonstrates how these tools can be used to analyse the behaviour of firms and households in the market place. It also analyses cases where markets break down and how government might intervene to prevent monopolies, pollution and exploitation, while promoting social welfare. In addition to this, the module also looks at the economy as a whole.

  • plus 4 other MA or BSc modules
Level 2
  • Microeconomics: EC21001
    Semester 1, 20 credits
    This module covers the micro aspects of the economy by focusing, initially, on the basic theories of consumer and firm behaviour. These provide the basis for the derivation and analysis of market demand and supply in various settings. The module then examines these settings by looking more closely at the market structure, and attempts to highlight: i) the conditions under which markets will or will not produce desirable outcomes; and ii) the role of government in improving the operation of markets.

  • Macroeconomics & Economic Statistics: EC22002
    Semester 2, 20 credits
    In the macroeconomics part of this module we provide an overview of the functioning of the macro-economy in a global context and an understanding of the key policy issues of the United Kingdom in particular. The module goes on to consider how and why money markets are important in the real world. The module also provides a short section on statistics where we introduce you to a selection of statistical procedures commonly used in economics and business and discuss the nature and limitations of some of the indicators conventionally used to measure economic performance.

  • plus 4 other MA or BSc modules
Level 3
Level 4

You may also choose a foreign language as part of your degree or even select options from other disciplines.

Honours Degree

An honours degree normally takes four years, full time, you study levels 1-4, as described below.

Advanced Entry Honours Degree

It is possible to study for most of our honours degrees in three years if you have the required grades and subjects as listed in the Entry Requirements section. You study levels 2-4 below. There are definite advantages to considering this route as the time needed to study is reduced by one year which enables you to start working and earning earlier.

Typical Degree Programme

Please refer to the degree structure and overview pages for the MA and BSc.

Level 1
  • Global Economic Perspectives: EC11002
    Semester 1, 20 credits
    Why does half the world's population live on less than $2 a day and can we do anything about world poverty? Is Climate change inevitable and if not how can we use economics to find a solution? In this module we show how elementary economics is used to get answers to contemporary and historical economic questions. No previous exposure to economic analysis is assumed.

  • Foundations of Economic Analysis: EC12003
    Semester 2, 20 credits
    This module develops the tools for analysing modern economy. It demonstrates how these tools can be used to analyse the behaviour of firms and households in the market place. It also analyses cases where markets break down and how government might intervene to prevent monopolies, pollution and exploitation, while promoting social welfare. In addition to this, the module also looks at the economy as a whole.

  • plus 4 other MA or BSc modules
Level 2
  • Microeconomics: EC21001
    Semester 1, 20 credits
    This module covers the micro aspects of the economy by focusing, initially, on the basic theories of consumer and firm behaviour. These provide the basis for the derivation and analysis of market demand and supply in various settings. The module then examines these settings by looking more closely at the market structure, and attempts to highlight: i) the conditions under which markets will or will not produce desirable outcomes; and ii) the role of government in improving the operation of markets.

  • Macroeconomics & Economic Statistics: EC22002
    Semester 2, 20 credits
    In the macroeconomics part of this module we provide an overview of the functioning of the macro-economy in a global context and an understanding of the key policy issues of the United Kingdom in particular. The module goes on to consider how and why money markets are important in the real world. The module also provides a short section on statistics where we introduce you to a selection of statistical procedures commonly used in economics and business and discuss the nature and limitations of some of the indicators conventionally used to measure economic performance.

  • plus 4 other MA or BSc modules
Level 3
Level 4

Coursework, in the form of essays, quizzes and group projects plays an important role in assessment which, together with examinations, provides the basis for your final grade.

As part of their assessed coursework, the Honours year marketing research class carries out a number of marketing research studies on behalf of the Dundee University Students Association (the Students' Union). In the past the students have carried out surveys addressing issues such as perceptions of the regular club nights and weekend catering provision in the bar. In several cases the results of the survey have provided a significant input into revising the Union’s offerings.

A wide range of possibilities is open to you when you graduate in economic studies. Alongside your specific subject knowledge, your degree will provide you with a valuable range of skills that can be used in many different careers such as:

  • selecting and analysing information
  • solving both abstract and practical problems
  • understanding and interpreting numerical and graphical data
  • thinking logically and laterally
  • communicating your ideas concisely

In recent years our graduates have found employment in many walks of life. Some have decided to pursue careers as professional economists and have gone on to work for the UK Government Economic Service or the Scottish Government. Others have taken up careers in finance or in general management, working for banking multinationals, major consultancies and marketing departments.

To help students with their job search, we organise sessions on career prospects where potential employers are invited to talk to students about future opportunities.

The following are the minimum requirements, please note qualifications have to be obtained at the first sitting of examinations.

Please note that the entry requirements in our printed prospectus may be subject to change. The entry requirements listed below are up to date and should be referred to in case of any discrepancy.

Courses starting September 2015

Level 1 Entry

Qualification Minimum Grade Typical Grade
SQA Higher BBBB AABB
GCE A-Level BCC BBB
ILC Higher AABB
IB Diploma 30 points (including 5, 5, 5 at Higher Level)
Essential Subjects MA Honours - None, but check requirements for other Joint Honours subjects BSc Honours - Science or Mathematics at SQA Higher, GCE A-Level, ILC Higher or IB Higher Level, and check requirements for other Joint Honours subjects
EU & International Visit our Your Country webpages for entry requirements tailored to your home country
Other Qualifications
SQA A relevant HNC with grade B in the Graded Unit
Scottish Baccalaureate Pass with CC at Advanced Higher
SWAP Access Relevant subjects with ABB grades to include English Literature/Language at SCQF Level 6 and Communication 4 plus Literature 1
EDEXCEL A relevant BTEC Extended Diploma with DDM
Advanced Diploma Grade B with ASL-A Level at B
Welsh Baccalaureate Pass with A Levels at BB
European Baccalaureate 70% overall

Courses starting September 2015

Advanced Entry (to Level 2)

Qualification Grade
SQA Advanced Higher AB (Advanced Higher) + BB (Higher) in different subjects
GCE A-Level BBB
IB Diploma 34 points (including 6, 6, 5 at Higher Level)
Essential Subjects MA Honours - None, but check requirements for other Joint Honours subjects BSc Honours - Economics or Mathematics at SQA Advanced Higher, GCE A-Level, or IB Higher Level, and check requirements for other Joint Honours subjects
EU & International
Other Qualifications
SQA A relevant HND with BB in the Graded Units
Scottish Baccalaureate Distinction with AB at Advanced Higher
SWAP Access
EDEXCEL A relevant BTEC Extended Diploma with DDD
Advanced Diploma Grade A with ASL-A Level at A
Welsh Baccalaureate Pass with A Levels at AA
European Baccalaureate 75% overall

There have been many changes to the arrangements for funding students entering higher education in recent years, yet a degree from the University of Dundee, with its high rate of employment success, remains a cost-effective option.

The fees you pay will, in most cases, depend on your current country of residence.

The fee shown is annual, and may be subject to an increase each year.

Fee categoryFees for students starting September 2015
Scottish students £1,820 per year of study (for Sept 2014 entry). Fees for September 2015 will be confirmed by the Scottish Government in early 2015.
Rest of UK students £9,000 per year, for a maximum of 3 years, even if you are studying a four year degree. See our scholarships for rest of UK applicants.
EU students £1,820 per year of study (for Sept 2014 entry). Fees for September 2015 will be confirmed by the Scottish Government in early 2015.
Overseas students (non-EU) £12,950 per year of study. See our scholarships for international applicants.

Scottish and EU students can apply to the Students Award Agency for Scotland (SAAS) to have tuition fees paid by the Scottish Government.

Rest of the UK students can apply for financial assistance, including a loan to cover the full cost of the tuition fees, from the Student Loan Company.

The Dundee MA degrees follow the distinctive pattern of many Scottish universities by offering a broad-based education that requires you to study a number of different subjects in Levels 1 and 2 (Level 2 only for the Advanced Entry Honours degrees). You do not have to finalise your choice of degree course until you are better able to appreciate both the nature of the subjects you are studying and the relationships between them. However, you must make an initial choice of course on the application form and we would expect you to provide some evidence of your enthusiasm for your chosen course and details of any relevant experience.

We use a range of learning methods at Dundee: you will be expected to respond to the information and advice provided by academic staff, especially in lectures; to prepare for and participate in tutorial discussion or to work in practical classes; to work individually or in groups on set assignments such as essays and projects; and to 'read round' the subject. Consequently, we are looking for evidence that you are capable of working systematically, of responding to the guidance of your teachers, and that you have both the ability and enthusiasm to successfully complete a degree programme.

Economic Studies at Dundee offers flexible Honours courses in business, economics and finance enabling you to choose a combination of modules that best suits your aptitude and aspirations. We provide a fresh introduction to the subject which is suitable both for those that have studied economics or business before and for those that have not previously done so. However, previous study of economics or business would be an advantage for entry to the 3 Year Honours degrees.

A degree in Economic Studies develops analytical and problem-solving skills, so an ability to demonstrate numerical and computing skills will be an advantage. However we do not require Mathematics at Higher/A Level as all relevant concepts and techniques will be taught as an integral part of your course. Indeed, strong communication and team-working skills are equally important for the successful study of economics at Dundee.

What is important to us, in your application, is the evidence provided by the grades you have attained, or are predicted to attain, in your examinations, along with whatever you and your referee can point to indicating both your special interest in any of our subject areas, and your general liveliness of mind.

Your personal statement is an opportunity to say why you should be offered a place to study in Dundee. We are looking for applicants with an ability to express opinions clearly with reasoned support and evidence, who are open to critical guidance, and who have a commitment to high standards of achievement in all they do. These qualities can be demonstrated through academic attainment, paid or voluntary work, and extra-curricular activities of all kinds.

Referees should concisely indicate your analytical abilities, communication skills, capacity for academic work, and commitment to your studies. We will be interested to hear about examples of initiative, leadership, and any evidence of organisational skills. Indicators of a positive outlook and engagement with social and cultural activities will be welcome, as will an assessment of your potential to develop in the university environment.

We will consider applications to one or more courses at Dundee: each application will be considered on its merits.

However, it's not advisable to apply to otherwise identical degree courses in Economics, Business Economics with Marketing, or Financial Economics (except to distinguish between the MA and BSc degree programmes), as students can freely transfer between courses within Economic Studies after beginning their studies.

We are looking for applicants who either have achieved, or will achieve, the published requirements in terms of Highers, Advanced Highers, A-Levels or acceptable alternative qualifications.

Please apply via UCAS

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