Why this course?
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.
Our degree will give you the ability to explain complex data in simple terms to different audiences. You’ll also develop excellent mathematical, statistical and problem-solving skills.
Studying Management will help you understand theory and develop the skills to put it into practice.
Whether the challenge is developing profitable new products or improving the health of our nation, the answer often comes down to management.
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
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.
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.
What you'll study
Through core classes, you'll be introduced to the concept of management processes and practices in a global context and will gain the knowledge to use strategic concepts to analyse organisational structure.
In Year 3, you’ll develop your understanding of the management theory and its relevance to practice and plan and execute a corporate, sports, entertainment, or charitable event.
Management Development Programme 1
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
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.
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.
Managing in a Global Context
This class will introduce you to the concept of the organisation and the manager’s role within it. It will further provide the grounding required to prepare you for the more complex and specialised subject matter to come both in general management and in international business.
Management Development Programme 2
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.
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.
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.
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.
Organisational Analysis & Strategy
Understanding Change in Organisations
This class will analyse contemporary management and organisation by examining the different ways of ‘doing business’ implied by different organisational forms. This approach to organisational analysis suggests that too often the study of management and organisation fails to recognise the importance of different structural forms in the evaluation of management and organisation. The argument to be developed throughout the class is that there is a need to engage in structural analyses of organisations and to understand better the relationship of organisations to the wider structures in which they are embedded and how this impacts upon both the strategic direction but also the day-to-day management of a business.
This class recognises that change permeates all aspects of organisational life and that understanding change is crucial to effective management. It'll familiarise students with the implications for change of a world that is increasingly globalised and internationalised, where public, private and 3rd sector organisations are often in continuous upheaval due to turbulent economies, to reforming imperatives, and radical new technologies.
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.
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.
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.
Developing Theory into Practice
Management Industry Placement
In order to work effectively in organisations and manage complex, multi-faceted situations, managers need to develop their abilities to work with management theories to inform their practice and vice versa. Managers need to know what constitutes good or best practice, for which they need the skills of critical reflexivity. This means they can adapt their theories in use for specific situations. This class seeks to develop the skills of critical reflexivity so that students can become more aware of their own learning process and how to apply them in context.
Contemporary Trends in Management Practice
This class provides students with the opportunity to gain first-hand experience working with business professionals, to develop practical and reflective skills in an industry context, and to build networks for possible future work and learning. It also provides the opportunity to apply theories studied in other classes to the analysis and interpretation of industry practices.
Management trends and fashions have been increasingly deployed in organisational practice and scrutinised in scholarly contexts over the last thirty years. Many of these practices, often referred to as ideas, tools and methods, have gained fashion status, waxing and waning in popularity over time. A large number of them have failed in practice largely due to unrealistic expectations and the complexity of organisational contexts in which they are adopted. This class is based upon student requests to learn more about contemporary management trends and the social and political factors which facilitate and undermine their application.
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 classesMicroeconomics 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.
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.
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.
Financial Development & Economic Growth
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.
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.
Natural Resource, Environmental & Energy 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.
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.
Contemporary Issues in Management
Strategy & Leadership
This class explores important concepts and debates centred on the working lives of managers. It'll draw on a range of conceptual ideas in organisational analysis to investigate numerous contentious issues that not only lie at the heart of academic debate but also confront managers as they go about their daily lives.
Management, Enterprise & the Rise of the Global Economy
Taking a view that, in practice, strategy is something that people do rather than something organisations have, this class aims to develop understanding and insights into how current and aspiring business leaders can manage strategically. An experiential learning approach, based on exploring case examples through workshops, is adopted to:
- surface insights into the complexities and challenges of being a strategic business leader
- critically assess the scope and relative merits of different strategic management mechanisms and leadership approaches
- encourage self-reflection and self-awareness
When you complete this class, you'll have an enhanced understanding of how individuals within an organisation can effectively lead and manage strategy in a complex and challenging world.
Dynamics of Organising
This class embraces three principles of management:
- business strategies and management practices might best be understood through reflection on the complex realities faced by enterprises in competitive arenas at home and abroad
- firms can only be understood within the context of market dynamics and the economic, social, political and cultural forces bearing upon markets
- companies and their contemporary situation can never be divorced from their past
Being an Ethical Manager
This class will build on Understanding Change in Organisations by developing an advanced view of the processes of organising. The distinctively dynamic character of key theories will be framed in terms of the philosophical contrast between ‘becoming’ and ‘being’ ideas as described by Tsoukas & Chia (2002). Research methodologies that are appropriate for this dynamic approach, such as conversation/discourse analysis, longitudinal and real-time data collection, and issues of researcher reflexivity, will also be explored. Understanding of these dynamic theories of organising will be deepened through application to topics of practical managerial concern such as: strategising, institutional change, identity construction, communities of practice, innovation and creativity, socially constructed change, change leadership, sense making, complex responsive processes, emotions and aesthetics of change.
Given the increased attention on business leaders and the perceived emphasis on corporate social responsibility, this class looks at ethical leadership by focusing on the nature and application of business ethics and contemporary leadership. It raises key ethical issues from both cultural and stakeholder perspectives and balances them with philosophical and pragmatic considerations. It'll provide you with a clear understanding of the dichotomy between philosophical idealism and the pragmatic considerations of ethical leadership and the challenges of ethical decision making.
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 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 also include business reports, case studies, essays, presentations, individual and group projects, learning journals and peer assessments.
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.
Required subjects are indicated following typically accepted grades.
Standard entry requirements
1st sitting: AAAB or AABBB (English B, Maths National 5B/Intermediate 2)
2nd sitting: AAABBB (English B, Maths National 5B/Intermediate 2)
Typical entry requirements: ABB (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)
Minimum entry requirements: 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)
36 (no subject below 5 and including English SL5, Maths/Maths Studies SL5)
Successful completion of relevant HNC/HND at first attempt with A passes in all graded Units. Contact Business School Admissions for advice on entry to Year 2.
Irish Leaving Certificate
AAABBB at Higher level, including English B and Maths B
An Advanced Higher and a Higher are given equal credit and the grades for each qualification count towards the total grades required.
Deferred entry not accepted.
Admission to Honours
All students will be admitted as potential Honours students. Students may exit with a Bachelor of Arts degree at the end of year three of the Honours programme if they have accumulated at least 360 credits and satisfied the appropriate specialisation requirements. For admission to the final year of the Honours course, a student must have qualified for the award of the Bachelor of Arts degree and achieved an approved standard of performance.
English language requirement
A pass in an English language qualification is normally required from applicants outside the UK whose first language is not English. The following provides information on the main qualifications considered for entry to the Business School undergraduate degree courses.
IELTS: Minimum overall band score of 6.5 (no individual test score below 5.5)
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.
Find out entry requirements for your country.
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.
Fees & funding
How much will my course cost?
All fees quoted are for full-time courses and per academic year unless stated otherwise.
Rest of UK
Assuming no change in Rest of UK fees policy over the period, the total amount payable by undergraduate students will be capped. For students commencing study in 2017/18, this is capped at £27,750 (with the exception of the MPharm and Integrated Masters courses); 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.
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.
Economics Students taking the BA degree in Economics incur no additional charges.
Course materials & costs
Essential textbooks for the course cost approximately £200 per year. There will also be a minimum of two copies per textbook available in the main library.
Students are responsible for the costs of printing and binding of the undergraduate final project. Costs are approximately £50.
Graduation fee and gown hire are also to be met by students.
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?
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.
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
International Students (Non UK, EEA)
We have a number of scholarships available to international students. Take a look at our scholarship search to find out more.
We have a wide range of scholarships available. Have a look at our scholarship search to find a scholarship.
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 and commercial manager.
As a Management graduate you’ll have a strong understanding of business structure with the ability to analyse and use business data and information. Your commercial awareness will be valued by a wide range of employers across all industries.
You are as likely to find yourself working in a small, privately-owned company as you are to work in a large multinational, the public sector or, perhaps, in your own business.
Recent graduates are now working for Ernst & Young, The Royal Bank of Scotland, Lloyds, Hewlett Packard and Proctor & Gamble, with job titles such as graduate sales trainee, logistics manger and business development manager.