Economics MA (Hons)

In St Andrews

£ 9,250 VAT inc.
  • Typology


  • Location

    St andrews (Scotland)

  • Duration

    4 Years


The MA (Hons) in Economics provides a structured, cumulative and rigorous foundation in economic concepts, principles, analysis, techniques and knowledge. You will develop your analytical and decision-making abilities through training in quantitative and model-based methods of analysis.

Students studying Economics at St Andrews have the opportunity to focus on macroeconomics, choice theory, international economics and development, game theory, international economics and development, competition and innovation, and climate change.

Economics is studied up to Honours level in both the Faculty of Science (BSc) and the Faculty of Arts (MA). Students who have a background in the Arts or who wish to study Economics alongside Arts subjects at St Andrews should apply for the MA. For those interested in studying Economics alongside Science subjects, the BSc (Hons) in Economics may be of interest instead.




St Andrews (Fife)
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University Of St Andrews, KY16 9AJ


On request

To take into account

In the first two years, you will build a solid foundation in the general knowledge of Economics. This includes an introduction to the principles of microeconomics and macroeconomics; an insight into quantitative techniques; and developing an understanding of economic relationships and the techniques necessary for their analysis. At Honours level, students may select modules from a range of options on specific topics. These provide an analytical understanding of key aspects of finance, economics and government policy formation. Specialist subject areas may include: behavioural economics corporate finance econometrics economic growth economic history economics of labour economics of migration experimental economics health and education macroeconomic policy policy impact evaluation portfolio management.

The wide range of transferable skills you gain through studying Economics is marketable in many career areas, and recent graduates in Economics have pursued a wide variety of career paths. Popular career destinations amongst recent graduates include: accountancy commercial and international banking consultancy Government Economic Service investment the media non-governmental organisations Organisation for Economic Co-operation and Development (OECD) university research and teaching.

SQA Highers AAAB GCE A-Levels AAA IB points 38

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What you'll learn on the course

  • Microeconomics
  • International Economics
  • Macroeconomics
  • Economics
  • Economic Fluctuations
  • Economics of Development
  • European Macroeconomics
  • International Trade
  • Innovation Economics
  • Political Economy

Course programme


In the first two years of your degree (known as sub-honours) you will take the required modules in Economics alongside modules in at least one other subject in the Faculty of Arts.

1st Year

Students will take all of the following first-year modules:

  • Macroeconomics: introduces the study of economics at the national and global level.
  • Microeconomics: explores the basics of the market system and consumer and producer behaviour.
  • Mathematics for Economists: covers calculus and algebra to provide indispensable mathematical tools for modern economists.

Students with a school qualification in Economics may take a more advanced first-year module in Economics which assumes prior knowledge.

2nd Year

Students will take all of the following second-year modules:

  • Intermediate Microeconomics: deepens the general understanding of microeconomics gained in first year.
  • Intermediate Macroeconomics: explores theories of the determinants of long-run economic growth and theories of the causes of short-run “business-cycle” fluctuations.
  • Statistics for Economists: introduces statistical methods and regression analysis.

If you decide to take Economics in your third and fourth years, you can choose from a wide variety of advanced options. Single-honours students are required to take at least one module in Econometrics.

Here is a sample of Honours modules which have been offered in previous years:

  • Decision and Game Theory
  • Economic Fluctuations
  • Economics of Development
  • Economics of the Environment
  • European Macroeconomics
  • Incentives and Contracts
  • Inequality and Redistribution
  • Innovation Economics
  • International Trade
  • Mathematical Economics
  • Political Economy
  • Public Economics.

In fourth year, students may also undertake a dissertation or research project on a topic of their choice. This independent project enables you to develop key research skills which are desired by both prospective employers and by graduate schools offering postgraduate degrees.

Additional information

Overseas Fee £22,350
£ 9,250 VAT inc.