MA Business and Economics

Year 1

You will focus on key themes of understanding the nature of business including:

• organisational forms
• the impact of globalisation and global inequality
• the shift to a low carbon economy
• the impact of technology and digital disruption

You will gain an insight into the practice of management by using examples of widely-used concepts and techniques in local businesses and the day-to-day role of managers. This will include guest lectures, cases and recorded interviews, developed in partnership with local organisations.

You will study Global Challenges for Business and The Business of Edinburgh which introduce key concepts of management and business including:

• strategy
• finance
• marketing
• management of people

Accounting

You will take two accounting courses where you will:

• examine the basic principles and underlying concepts of accounting
• explore the ways in which accounting statements and financial information can be used to improve the quality of decision-making
• learn how accounting relates to the broader context of the strategic and operational aspects of business

Economics

You will also study Economics 1, which is a calculus-based course.

You will develop:

• a rigorous understanding of core economic models and analysis, and how these are applied in a variety of contexts
• an understanding of how economic principles enable managers to make optimal decisions, and the government policies that affect those decisions.

Optional course

You will study one optional course. This may be in business, such as planning for a start-up or critical business thinking. However, you may also choose options from other schools (subject to availability and timetabling constraints), such as:

• languages
• art
• history
• psychology
• literature
• sociology
• geography
• mathematics

Year 2

You will broaden your knowledge of essential business and economics subjects through the study of a compulsory economic statistical analysis course and business economics.

Optional course

You may also choose two other business options from a choice of the following courses:

• finance
• marketing
• innovation and entrepreneurship
• organisation studies
• international business
• business analytics
• fundamentals of programming for business applications and business simulation

Year 3

As you progress to Honours level, you will take a compulsory course in Strategic Management and help prepare for your Dissertation (in Year 4) by extending your Business Research Methods training.

You will also study essential econometrics and microeconomics with a choice between applications of econometrics or macroeconomics.

You can now start to specialise in a particular area of business that interests you or explore a wider range of concepts.

Optional course

You will choose one more specialist Honours course in business, building on the knowledge and skills you gained in your Year 2. Examples include:

• global business
• finance
• marketing
• innovation and entrepreneurship
• business economics
• human resource management
• business analytics

Year 4

Your dissertation is central to year 4 and you can choose to take this in either business (the Management Honours Dissertation) or economics.

This is an independent research project that you will conduct on a topic of your choosing that is closely linked to your degree programme.

You will develop skills in:

• advanced project management
• critical-thinking
• cognitive, analytical, creative, evaluative and written communication
• building and presenting arguments to a wider audience

You will be allocated an advisor who will offer advice and guidance throughout your Dissertation.

The Management Honours Dissertation will be further supplemented by Dissertation support sessions and hangouts. Here, you can share your experiences, learn from each other and get timely advice from the Dissertation team.

Optional courses

You will also choose two specialist business and two specialist economics Honours courses.

Programme structure

Find out more about the compulsory and optional courses in this degree programme.

To give you an idea of what you will study on this programme, we publish the latest available information. However, please note this may not be for your year of entry, but for a different academic year.

Programme structure (2021/22)

Our facilities

The Business School is located in a dedicated Business School building in George Square, in the middle of the central campus.

All business teaching takes place across the central campus. However, you may be required (based on your course selection) to travel to the King’s Buildings if you are studying courses in Science and Engineering.

You will have access to:

• specialist business resources in the central Main Library (books, journals, databases)
• dedicated student experience and student development support

For specialist business analytics, business research and finance related courses, we have dedicated teaching labs (and associated software and databases). We also have our own Business School Cafe.

Study abroad

Studying abroad is a fantastic opportunity to gain an insight into the global business dimension, and the cultures and languages of the individual markets we deal with.

Depending on your degree, a year abroad might be compulsory or optional. To be inspired, read stories by Edinburgh students about their experiences abroad:

Student experiences abroad

A wide range of international experiences are available, including studying abroad at one of our partner universities and business schools in:

• Australia
• New Zealand
• Canada
• China
• Japan
• Singapore
• Europe
• USA

Business School partner universities (subject to change)

Your choice of partner university will depend on your degree programme/availability of courses in the subject area.

The benefits of studying abroad

Living and studying abroad will give you the opportunity to try new things such as:

• learning a language
• taking on new challenges
• enhancing your academic perspective
• visiting new places
• meeting new people

Your self-confidence will improve and you will develop valuable skills for the future, all of which are highly valued by employers.

All Business School students have the option of studying abroad. However, you will need a strong academic performance in Year 1 (minimum first-year average 55 to 60%) to be offered a place at one of our partner universities/business schools.

How will I learn?

You will experience a variety of different teaching and learning methods including:

• lectures (led by a lecturer or guest speaker, with usually a large number of students attending at one time)
• computer laboratories (smaller groups of students attending to learn software packages and data interpretation and analysis)
• workshops (smaller groups of students working with a tutor on particular practical problem-based learning)
• tutorials (tutors engaging small groups of students in discussion and analysis, and where you might undertake peer group projects and presentations)
• one-to-one meetings with course lecturers/tutors/directors of studies
• independent learning throughout your studies (in particular for your Honours dissertation research)

You will be taught by:

• experienced subject-specific lecturers
• industry professionals
• research-led academics
• internationally renowned guest speakers

We have a number of leading academics who have designed and developed courses specific to their research, particularly at Years 3 and 4.

Support for learning

We offer a motivating and encouraging environment where you can grow and develop as an independent learner.

You will be allocated a personal tutor in your first year and they will guide and support you throughout your studies, and our dedicated student experience team also offer an extensive range of pastoral and professional provision to ensure your personal and academic well-being.

We also have an excellent peer support service who can help you develop your study skills. The university offers a ‘one-stop shop’ – EdHelp – where you can get help and advice on everything from finance to counselling, accommodation, and accessing IT and library resources.

EdHelp

Teaching during Covid-19

We are delivering hybrid teaching for on-campus students during the 2020-2021 academic year. Our teaching model for 2021-2022 will depend on Covid-19 restrictions at the time. We will provide you with regular updates on what to expect throughout the application process.

How will I be assessed?

Courses are assessed by a diverse and innovative range of methods and often take the form of formative work, which provides you with on-going feedback, as well as summative assessment, on which your final course grade is achieved.

Some of the assessment methods you may experience are:

• blogs (written and/or video)
• business plan and/or feasibility analysis
• case study analysis
• computer-based timed assignments
• consultancy reports
• reflective diaries/journals
• essays
• exams – these might be closed book, multiple choice, oral (group or individual), short questions, seen case study/unseen exam question, open book, timed submission, etc.
• pitches
• portfolios (paper and/or online)
• posters
• presentations (face-to-face/video; group and individual)
• projects (group and individual)
• technical workshops
• workbooks
• the dissertation

Many of your assessments will involve industry engagement, real case examples, and practical solutions to contemporary business problems.

A very small number of courses are assessed using only a single, written examination or coursework assignment. Most courses employ two or more different forms of assessment, and a growing number combine both individual and group-based activities to develop both subject-specific knowledge and transferable skills.

Business graduates are highly valued by employers across the world, and graduates from our programmes are highly sought after by a wide range of employers.

Our graduates secure employment in a diverse range of fields, the most popular being:

• accountancy
• management
• consulting
• finance
• marketing
• human resources

During your time as a student in the Business School and following graduation, our Careers Service will help you fully develop your potential and achieve your future goals.

Careers Service

Standard entry requirement

The standard entry requirement is:

• SQA Highers: AAAAA-AAAA (achievement by end of S5 preferred). BBB must be achieved in one year of S4-S5.
• A Levels: AAA - ABB.
• IB: 37 points with 666 at HL - 34 points with 655 at HL.

Minimum entry requirement

The minimum entry requirement for widening access applicants is:

• SQA Highers: ABBB by end of S6. BBB must be achieved in one year of S4-S5.
• A Levels: ABB.
• IB: 34 points with 655 at HL.

More information for widening access applicants

Required subjects

The grades used to meet our entry requirements must include:

• SQA: Highers: Mathematics at B. Higher Applications of Mathematics is not accepted in place of Higher Mathematics. National 5s: English at C.
• A Levels: Mathematics at B, or AS Mathematics at A. GCSEs: English at C or 4.
• IB: HL: Mathematics at 5. SL: English at 5 and Mathematics at 6 (if not at HL). Mathematical Studies is not accepted for any of our Economics degrees.

Find out more about entry requirements

International applicants

We welcome applications from students studying a wide range of international qualifications.

Entry requirements by country

International Foundation Programme

If you are an international student and your school qualifications are not accepted for direct entry to the University you may be eligible for admission to this degree programme through our International Foundation Programme.

International Foundation Programme

Mature applicants

We welcome applications from mature students and accept a range of qualifications.

Mature applicant qualifications

You must demonstrate a level of English language competency at a level that will enable you to succeed in your studies, regardless of your nationality or country of residence.

SQA, GCSE and IB

For SQA, GCSE and IB students, unless a higher level is specified in the stated entry requirements, a pass is required in English at the following grades or higher:

• SQA National 5 at C
• SQA Standard Grade at 3
• SQA Intermediate 1 at A
• SQA Intermediate 2 at C
• GCSE/IGSCE at C or 4
• Level 2 Certificate Grade C
• IB Standard Level at 5 (English ab initio is not accepted for entry)

English language tests

We accept the following English language qualifications at the grades specified:

• IELTS Academic module overall 7.0 with 6.0 in each component
• TOEFL-iBT (including Special Home Edition) 100 or above with 20 in each section. We do not accept TOEFL MyBest Score to meet our English language requirements.
• Cambridge English: Advanced or Proficiency overall 185 with 169 in each component
• Trinity ISE: ISE III with a pass in all four components

We also accept a wider range of international qualifications and tests.

English language qualifications must be no more than three and a half years old from the start date of the degree you are applying to study, unless you are using IELTS, TOEFL, or Trinity ISE, in which case it must be no more than two years old.

English language requirements

As this degree is very popular, we strongly recommend that international students apply by 15 January 2022 as we can't guarantee to consider all applications after this date.

This information is part of a government initiative to enhance the material that higher education institutions provide about their degree programmes.

It is one of many sources of information which will enable you to make an informed decision on what and where to study.

Please note that some programmes do not have Discover Uni data available.

Tuition Fees

Tuition fees for MA Business and Economics

Additional costs

Economics textbooks are required for Years 1 and 2, which cost about £100.

If you are studying abroad in Year 3 (International Business), your costs will vary depending on the country/partner university. Additional costs may include:

• insurance
• visa requirements
• accommodation
• internet access
• travel

In Year 4 you will undertake a compulsory dissertation and, depending on the field of study you choose, there may be costs associated with this, such as

• undertaking surveys
• travel
• conducting interviews

Details of student living costs

Funding

For more information on how much it will cost to study with us and the financial support available see our fees and funding information.

Fees and funding

• Enquiry Management Team
• Email: futurestudents@ed.ac.uk