BA Hons Economics & Finance

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Key facts

  • UCAS Code: LN13
  • Start date: Sep 2020
  • Accreditation: triple-accredited business school - AMBA, AACSB and EQUIS
  • Ranked: 2nd in the UK for Accounting & Finance (Complete University Guide 2020)

  • Applicant visit days: these take place in March each year

Study with us

  • study in a department which is home to the Fraser of Allander Institute – a leading research institute which offers internship and work placement opportunities for our students
  • accounting & Finance is ranked 2nd in the UK (Complete University Guide 2020)
  • use key economics concepts and models to better understand real-world problems
  • develop excellent analytical and problem-solving skills that are highly valued by employers
  • gain the ability to explain complex data in simple terms to a diverse audience
  • benefit from being taught by staff who have strong links with policy-makers and industry
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Why this course?

Studying a BA Economics & Finance degree at the University of Strathclyde Business School, you'll be learning at a pioneering internationally-renowned academic organisation. We were awarded Times Higher Education UK Business School of the Year in 2016.

Following the recent global economic crisis, economics is more important and relevant than ever. Decisions on money, banking, interest rates, taxation and government spending affect us all, with global consequences.

Economics aims to understand the activities of the different agents in the economy – consumers, producers and the government – and how they all fit together.

The Finance aspect of this degree will give you the skills for a career in financial services, such as banking, investment management, pension fund management, and insurance, as well as a wide range of business organisations. It will also be invaluable in helping you make personal financial decisions.

Our Finance degrees are unique in Scotland because of the range and depth of financial issues covered.

Exterior of Strathclyde Business School with students walking past

Create your own course

Modern business is too complex to be covered by a single subject: modern managers need to have a broad outlook.

You choose basic classes in business and other disciplines, alongside the Business School’s Management Development Programme. You’ll study a wide variety of subjects and create a curriculum to suit your interests and needs.

You also have the opportunity to try new subjects, some of which you won’t have experienced at school or college. At the beginning of Year 2, you choose two subjects to continue studying in Years 2 and 3. You’ll also select a third, ‘minor’ subject and take further Management Development skills classes.

Apply under the general UCAS entry code N100 if you’d prefer to discuss your subject choices once you arrive. To study accounting, apply under N400 or one of the other accounting codes listed on the site.

What you’ll study

Economics

You’ll study an Introduction to Economics and take core classes in microeconomics and macroeconomics. You’ll build upon this knowledge in later years.

In your final year, in addition to classes that complement macroeconomics and microeconomics studied in previous years, you’ll also undertake a dissertation.

Strathclyde Business School blog

One of the most important resources available to you is being part of the Strathclyde Business School community. One example of this is the Strathclyde Business School Blog, used extensively by staff and students to showcase our activities.

Student competitions

Prizes for best overall performance are awarded to students in all years of study. We also offer a prize for the best final dissertation in economics in the final Honours year of study. All prize recipients will be invited to attend the Graduation Reception for our final year students.

Finance

You’ll be introduced to the basic principles of finance and accounting and accounting methods to begin with. In later years, core subjects include international financial decision making and statistical and spreadsheet methods of analysing financial problems.

In your final year, you can specialise in Finance as a single Honours subject or continue to joint Honours. Students taking single Honours will do a research dissertation in Finance while joint Honours have the choice of either subject.

QS logo 2019 - 5 stars
Complete University Guide League Tables logo - 2nd Place for Accounting & FInance
Financial Times European Business Schools Rankings logo 2018
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Course content

Management Development Programme 1

Topics

First Year aims to help you make the transition to the university context. Semester 1 is the Thematic Semester: The World of Business Today and covers topics such as:

  • Social-Ethical-Environmental Governance (SEEG)
  • Business Ethics
  • Disruptive Technologies

Semester 2: Functional Semester: Organisations Today covers topics such as:

  • Creativity & Responsibility
  • Marketing & Sustainability across Domains

Class description

The first year of the programme is centred on the construction of knowledge in classroom setting with theoretical constructs developed. For each topic we’ve recorded a video by a Strathclyde academic who is a leading expert in the field.

You’ll watch these lectures in advance of each session and complete a pre-sessional activity. The pre-sessional work then forms the basis of team based activities work in the classroom (groups of 50 and teams of six-seven) where you develop an agreed understanding of the topic and present this to the group.

The feedback gained from this activity then feeds directly into the assessment for the block. You’ll complete 16 assignments in the two semesters of the class.

Economics

Introduction to Economics
The purpose of this class is to provide you with a balanced introduction to economics which will be at once self-contained and lay the foundation for further study in economics and more generally. The work of the class will be based on a programme of systematic directed reading, supplemented by tutorials, using group projects and in-class short answer tests as cumulative assessment.

Finance

Course summary

Students will receive an introduction to:

  • finance and accounting, which covers the basic principles of investment and value
  • the valuation of bonds and shares
  • investment decisions in business companies
  • accounting methods
Management Development Programme 2

Topics

Semester 1 topics include:

  • Working in Business Organisations
  • Working Business Research & Consultancy
  • Working Internationally
  • Working in the Third Sector
  • Rhetorics & Oratory

Semester 2 is about developing the proposal of MDP3; with a presentation and a final report.

Class description

The second year concentrates on developing understanding through industry-specific contextualisation. Sessions are weekly and three hours in length.

The sessions are thematically linked to the pathways for individualised experience in third year whilst also drawing on the theoretical knowledge developed in MDP 1. In order to develop understanding, organisations will deliver a half-day session. This consists of a one hour plenary introduction where the company and case study are introduced. This is followed by the group sessions where you undertake activities in relation to the case study set by the company.

Economics

Microeconomics 2
This is the core microeconomics class in second year. It aims to develop your understanding of: the concepts of consumer choice; the motives of the firm and profit maximisation; the market and its role in achieving equilibrium prices and quantities; and the implications of market power. It will introduce you to mathematical techniques commonplace in economics, giving you the ability to apply these in a wider economic context.  
Macroeconomics 2
The class builds upon the macroeconomic foundations established in the first year Economics class and both extends and deepens analysis. In particular this class will develop your ability to use key macroeconomic models and will also provide an introduction to the analysis of economic data.

Finance

Course summary

Second year classes cover:

  • investment and financial decision-making and policies in business
  • risk and return and the pricing of company shares
  • portfolio selection and the efficiency of financial markets
  • the valuation of bonds and bond portfolio management
  • equity trading strategies
  • statistical and spreadsheet methods of analysing financial problems and strategies
Management Development Programme 3

The third year of centres on individualised experience in an organisational context through one of the following pathways:

  • Internship/Charities - gain practical experience in a private or third sector organisation. You need to negotiate and locate your own organisation and experience – this is one of the key learning points of the pathway.
  • Research and consultancy - a facility for local small businesses to gain from the experience and expertise of those within SBS. You work on two live business consultancy projects (one in each semester) and, as a team of 6, develop solutions and strategic initiatives for the local SME economy.
  • International experience – only available for students who are undertaking an international exchange for either one semester or full year.
  • Vertically Integrated Projects - working on a cross-faculty basis to research longitudinal projects (including the ‘Bill Gates Toilet Challenge, Solar Panels for Gambia and Enterprise in Schools) you work with a team of students from all levels of study (first year undergraduate to final year PhD) to further the work of the project.

In addition, you’re required to undertake a social responsibility element (this accounts for one quarter of the overall workload).

These have been designed to provide support to the Curriculum for Excellence and the Widening Access to Higher Education programme. There are no formal classes for MDP3 although there is pathway support with the pathway leads and tutor support.

Economics

Microeconomics 3
Adam Smith's hidden hand - markets result in efficient outcomes - doesn't always work. We seek to understand why through the study of market power, externalities and public goods, and then go on to apply these ideas to issues of education, healthcare provision and crime and punishment.
Macroeconomics 3
This class builds on the Macroeconomics you studied in second year by covering four topics in detail: (i) models of economic growth; (ii) the effects of macroeconomic policy in an open economy; (iii) the interrelationships between money growth, output, unemployment and inflation; and (iv) the implications of high government debt.

Finance

Course summary

Areas covered in third year classes include:

  • advanced corporate finance and financial markets issues
  • valuation of derivatives, such as options and futures and swaps
  • the operations of derivatives markets
  • hedging strategies
  • treasury and international financial risk management in business

Advanced methods of empirical analysis, such as event studies, and access to historic and live data are also included.

You will choose 3 elective classes from the list below. You must choose at least one class from Microeconomics 4 and Macroeconomics 4. However, if you choose to write your dissertation in Economics, you must study both these classes plus one other elective.

Economics

Dissertation
The dissertation is an important part of the fourth year programme. Single Honours Economics BA students are required to submit a dissertation in Economics while Joint Honours BA students may submit a dissertation in Economics or in their other Honours subject.

Elective classes

Microeconomics 4
Game Theory and Information Economics, the topics of this class, consider market failure resulting from two different sources: individuals pursuing their own self-interest at the expense of others; and information asymmetry which alters the way agents behave. Methods to alleviate these market failures will also be considered.
Macroeconomics 4
This class aims to provide you with the required tools to understand current macroeconomic issues, such as the interactions between the banking sector and monetary policy or the policy responses to the global financial crisis.  Throughout the class, the analytical usefulness of the theoretical models taught is illustrated with real-world examples.
Introduction to Econometrics
This class builds upon the empirical content of Macroeconomics 2 and further develops your ability to analyse economic data. In addition, this class lays the foundations for further study of econometrics at Honours level.
Economics of Firms & Industries
This class introduces you to different industry structures and studies the behaviour of firms within those structures.  The material builds on the study of the theory of the firm presented in Microeconomics 2 and provides a foundation for the study of industrial organisation at Honours level.
Industrial Economics
This course investigates the actions that firms in an industry might take to preserve their profit in that industry, and the implications that this has for competition policy and regulation. We take an analytical approach to the issues which will be supported by examining case studies and current events.
Applied Econometrics

In the third year econometrics class you’ll have learned about regression in both a cross-sectional data and time series data context. This class extends that knowledge in three ways.

First, for cross-sectional data, the class deals with regression techniques where the dependent variable may be restricted or limited in some way. In such cases, the regression model as taught in the third year class is not appropriate; this class develops models which are similar in spirit to the standard regression model, but can handle all of these cases.

A second purpose of Applied Econometrics is to develop regression methods which can be used when you have panel data - consisting of both cross-sectional and time-series dimensions.

Third, the class will build on the introduction to the econometrics of time series data developed in this class by developing two classes of models.

Financial Development & Economic Growth

This class gives a balanced view of the role of finance in promoting long-run economic growth, but also booms and busts. The nature and role of financial intermediaries will be introduced, and, afterwards, formally addressed in a simple aggregate growth model. Empirical evidence will be examined, before turning to the specifics of micro-finance. The importance of financial globalisation will also be investigated. Finally, the rest of the class will be devoted to deciphering the causes and consequences of the current financial crisis.

Behavioural Economics

Behavioural Economics offers alternative theories that merge psychological insights with economic theory and are based on experimental and other evidence, that attempt to provide a better explanation of real-world behaviour.

This class is concerned with exploring these new behavioural theories with the aim of providing you with an expanded toolkit with which to approach ‘real-world Economics’ that is based on the burgeoning Behavioural Economics literature that has emerged over the past two or three decades.

After studying this, you should be able to extend much of your previously-learned knowledge in Microeconomics in various directions that take into account more realistic ways of modelling how individuals behave.

Natural Resource, Environmental & Energy Economics

The class provides you with an introduction to natural resource, environmental and energy economics and policy. It focuses on the contributions of economics to understanding environmental, energy and resource problems, their causes, and the design of effective public policies to counteract them.

Finance

Course summary

You can either specialise in Finance as a Single Honours subject or continue to a Joint Honours degree in Finance and your other principal subject. In order to gain entry to Honours year, you must meet specified performance criteria in Years 2 and 3.

Students taking Single Honours in Finance will do a research dissertation in Finance, while Joint Honours students typically have the choice of doing their dissertation in either Finance or their other subject. Honours classes cover advanced topics in the following areas:

  • corporate investment
  • corporate financing
  • asset pricing
  • portfolio analysis
  • derivatives
  • international financial management
  • behavioural finance
  • international corporate governance
  • financial quantitative methods

Triple-accredited business school

AACSB accreditation logo
EQUIS accreditation logo
AMBA accreditation logo

Learning & teaching

Teaching is over two semesters in blocks of 12 weeks. Classes are taught through lectures, tutorials, and seminars alongside team-based projects, online materials, practical labs, online wikis, problem-based learning and interactive sessions using personal response systems.

External contributors from partnership corporate organisations are involved in teaching and/or assessment of student presentations.

Throughout the degree programme, there will be guest lectures from industry and our international partners.

The innovative and highly acclaimed Management Development Programme (MDP) is at the core of our undergraduate degrees in the Business School and comprises a series of classes which you take throughout Years 1 to 3. 

You develop knowledge and skills in key areas of management, and team-working, communication and decision-making skills, all of which are highly sought-after by employers.

Major employers and alumni from all sectors are involved in the MDP, participating in group sessions, observing student presentations, and providing feedback. Organisations involved include Barclays, Deloitte, Procter & Gamble and Ernst & Young. In first year the best teams are selected to present to senior staff in one of the sponsoring organisations, and there are prizes for the best projects.

The programme builds your confidence and entrepreneurial capabilities and promotes awareness of globalisation and ethical issues in personal and business decision-making. In Year 3, you develop your own pathway from internships, involvement with business projects, engagement in interdisciplinary activities and business clinics. 

Assessment

The majority of classes involve a final unseen exam which is normally at the end of the semester. This is usually supplemented by individual and/or group coursework.

In some cases, you can get an exemption from the final exam if you achieve a specific mark for your coursework (and satisfy attendance requirements). You’ll normally have one opportunity to be re-assessed for a failed class. For exams, this usually takes place during the summer.

Assessment methods are varied and include business reports, case studies, essays, presentations, individual and group projects, learning journals and peer assessments.

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Entry requirements

Required subjects are shown in brackets.

Highers

Standard entry requirements:

  • 1st sitting: AAAB/AABBB
  • 2nd sitting: AAABBB

(Higher English B; Maths National 5 B, or equivalent; Higher Maths A for combinations with Accounting or Maths & Statistics; Higher Maths B for combinations with Finance)

Minimum entry requirements*:

  • 1st sitting: AABB/ABBBB
  • 2nd sitting: AABBBB

(English B; Maths National 5 B; Higher Maths B for Finance combinations)

*Find out if you can benefit from this type of offer.

A Levels

ABB-BBB

(GCSE English Language 6/B or Literature 6/B, or an essay-based A Level B may be considered in lieu of English; GCSE Maths 6/B; A Level Maths A for combinations with Accounting or Maths & Statistics; A Level Maths B for combinations with Finance)

International Baccalaureate

36

(no subject below 5 and including English SL5, Maths/Maths studies SL5; Maths HL6 for combinations with Accounting or Maths & Statistics; Maths/Maths studies SL6 for combinations with Finance)

HNC/HND

 Relevant HNC/HND, A in Graded Units; for advice on entry to Year 2 contact Business School Admissions:

+44 (0)141 548 4114
sbs-adviser@strath.ac.uk

International students

Find out entry requirements for your country by visiting our country pages

Widening access

We want to increase opportunities for people from every background. Strathclyde selects our students based on merit, potential and the ability to benefit from the education we offer. We look for more than just your grades. We consider the circumstances of your education and will make lower offers to certain applicants as a result.

Find out if you can benefit from this type of offer.

Degree preparation course for international students

We offer international students (non-EU/UK) who do not meet the academic entry requirements for an undergraduate degree at Strathclyde the option of completing an Undergraduate Foundation year programme at the University of Strathclyde International Study Centre.

Upon successful completion, you will be able to progress to this degree course at the University of Strathclyde.

International students

We've a thriving international community with students coming here to study from over 100 countries across the world. Find out all you need to know about studying in Glasgow at Strathclyde and hear from students about their experiences.

Visit our international students' section

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Fees & funding

2020/21

All fees quoted are for full-time courses and per academic year unless stated otherwise.

Scotland/EU

TBC

Fees for students domiciled in Scotland and the EU are subject to confirmation in early 2020 by the Scottish Funding Council.

(2019/20: £1,820)

Rest of UK

TBC

Assuming no change in RUK fees policy over the period, the total amount payable by undergraduate students will be capped. For students commencing study in 2020/21, this is capped at £27,750 (with the exception of the MPharm and integrated Masters programmes), MPharm students pay £9,250 for each of the four years. Students studying on integrated Masters degree programmes pay an additional £9,250 for the Masters year with the exception of those undertaking a full-year industrial placement where a separate placement fee will apply.

(2019/20: £9,250)

International

£15,300

University preparation programme fees

International students can find out more about the costs and payments of studying a university preparation programme at the University of Strathclyde International Study Centre.

Additional costs

Economics

Course materials

Course materials comprise both textbooks and course handbooks. All of the compulsory handbooks are available to students free on the Virtual Learning Environment (VLE). Some classes may have a recommended core textbook which you may wish to purchase but copies will be available in the University Library.

Other costs

  • dissertation print & binding costs
  • graduation gown hire

Finance

Course materials & costs

Textbooks do vary in price from around £40 to £100. The majority are provided free in the library or via the Virtual Learning Environment (VLE) platform. For budgeting purposes, we recommend allowing £200 per academic year for books.

Other costs

Students may be required to make hardcopy submissions for some assignments and will cover the cost of printing. Students are required to print and bind their dissertation. The cost will depend on the length of dissertation but an average cost would be in the region of £40.

Available scholarships

Take a look at our scholarships search for funding opportunities.

Please note: All fees shown are annual and may be subject to an increase each year. Find out more about fees.

How can I fund my studies?

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Students from Scotland and the EU

If you're a Scottish or EU student, you may be able to apply to the Student Award Agency Scotland (SAAS) to have your tuition fees paid by the Scottish government. Scottish students may also be eligible for a bursary and loan to help cover living costs while at University.

For more information on funding your studies have a look at our University Funding page.

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Students from England, Wales & Northern Ireland

We have a generous package of bursaries on offer for students from England, Northern Ireland and Wales:

You don’t need to make a separate application for these. When your place is confirmed at Strathclyde, we’ll assess your eligibility. Have a look at our scholarship search for any more funding opportunities.

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International Students (Non-UKScholarships, EEA)

We have a number of scholarships available to international students. Take a look at our scholarship search to find out more.

Glasgow is Scotland's biggest & most cosmopolitan city

Our campus is based in the very heart of Glasgow, Scotland's largest city. National Geographic named Glasgow as one of its 'Best of the World' destinations, while Rough Guide readers have voted Glasgow the world’s friendliest city! And Time Out named Glasgow in the top ten best cities in the world - we couldn't agree more!

We're in the city centre, next to the Merchant City, both of which are great locations for sightseeing, shopping and socialising alongside your studies.

Find out what some of our students think about studying in Glasgow!

Find out all about life in Glasgow
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Careers

Our Economics graduates find work in accountancy and business services, retail and investment banking, insurance, government and industry.

Job titles include:

  • Economist
  • Auditor
  • Management Accountant
  • Business Analyst
  • Investment Analyst
  • Risk Consultant
  • Commercial Manager

Graduates who specialise in Finance find jobs in:

  • retail and investment banks
  • insurance
  • accountancy
  • public sector
  • business services as financial analysts, accountants and management trainees

The course is also useful for those considering a more general business career. Some graduates will continue studying while in employment to gain relevant professional qualifications.

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Economics & Finance

Qualification: BA

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Contact us

General enquiries

Business School Admissions

Telephone: +44 (0)141 548 4114

Email: sbs-adviser@strath.ac.uk

Course-specific enquiries

Economics

Telephone: +44 (0)141 548 4326

Email: economics@strath.ac.uk

Finance

Telephone: +44 (0)141 548 3261

Email: accfin@strath.ac.uk