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.
More information for 2020 entry will be available in September 2019. For information on the current year of entry for this course, see the 2019 page.
These grades are the overall standards required to consider you for entry. Find out more about Standard, Minimum and Gateway entry requirements using academic entry explained and see which entry requirements you need to look at using the entry requirements indicator.
Standard entry grades: AAAAB
Minimum entry grades: AABB
Gateway entry grades: BBBB
Standard entry grades: AAA
Minimum entry grades: ABB
Standard entry grades: 38 (HL 6,6,6)
Minimum entry grades: 36 (HL 6,5,5)
We accept a wide range of qualifications for entry on to our programmes, please see our entry requirements for more information.
For degrees combining more than one subject, the subject with the higher entry requirements determines the grades you need. You will also need to meet any further subject specific entrance requirements as outlined on their pages.
If English is not your first language, you will need an overall IELTS score of 7.0, with a minimum score of 6.5 in each component (Reading, Writing, Listening and Speaking), or an equivalent English Language qualification.
No previous experience in this subject is required, but advanced school mathematics is an advantage and an ability to learn mathematical skills is essential.
Faculty entry requirements
You must also meet the Faculty of Arts minimum qualifications. These vary depending on which qualifications you hold.
SQA National 5 (B) or equivalent in English and one SQA National 5 (B) from the following:
Computing Science or equivalent
Lifeskills Mathematics (A grade)
GCSE (B or 5) in English, English Language or English Literature, and one GCSE (B or 5) from the following:
Computing Science or equivalent
Passes in other examinations at equivalent levels and subjects may be accepted by the Dean of the Faculty. More information on how to apply via other entry routes or accreditation of prior learning and experience can be found on the University’s entry requirements web page.
St Andrews students meet with their Adviser of Studies at the beginning of Semester 1 in September to complete advising – a compulsory part of the matriculation process. After module choices have been decided, a timetable will be allocated indicating the dates and times of classes.
The School of Economics and Finance at the University of St Andrews is known for bringing understanding and excitement from the latest cutting-edge research into the teaching of undergraduate and postgraduate degree programmes.
The quality of research publications produced by staff within the School was ranked in the top ten in the UK by the recent Research Excellence Framework 2014, with more than 80% of the research output rated as internationally excellent or world-leading.
The University of St Andrews as a whole was voted top in the UK for student academic experience in The National Student Survey 2018 as 94% of St Andrews final year students gave the University top marks for the quality of the learning and teaching experience.
The University has secured a TEF Gold Award for the quality of teaching and the undergraduate experience.
Graduates with a degree in Economics have some highly sought-after skills and pursue careers in a wide variety of fields. A degree in Economics will greatly enhance your analytic and decision-making abilities. You will significantly improve your quantitative abilities and greatly enhance other transferable skills highly valued by employers.
Economics graduates from St Andrews have the third highest average salaries in the UK five years after graduation (Telegraph).
Popular career destinations among recent graduates include:
business intelligence analysis
broadcasting and journalism
financial services analysis
The Careers Centre offers one-to-one advice to all students as well as a programme of events to assist students to build their employability skills.
Economics students may participate in the University-wide St Andrews Abroad programme. You may also have the opportunity to participate in the School Abroad exchange programme. For information about study abroad options, please see the Study Abroad site.
From the outset, the University of St Andrews offers an array of events and opportunities which result in a truly unique student experience. Students participate in a range of traditions, notably, the red academic gown and the academic family, where older students adopt first year students as ‘children’ and help guide them in a system of mentoring. These traditions and the choice of over 150 sports clubs and student societies to choose from ensures a community feel amongst students from first year onwards.
Students of Economics may be interested in joining the St Andrews Economics Society. This active society is run by students and holds regular career events, essay competitions and social occasions. The society also publishes The St Andrews Economist, a magazine covering current affairs, academic theory, economic policies, and trends.
The School of Economics and Finance is located in Castlecliffe on The Scores in a beautiful Edwardian mansion overlooking St Andrews Bay, next to the ruins of St Andrews Castle on the Fife coast.
The town of St Andrews itself has lots to offer. As the campus is located around town, walking around you encounter ancient and modern buildings and areas of greenery and seaside which provide a rich, beautiful backdrop to learning. If you want a change of scenery, St Andrews' position near surrounding towns and cities such as Anstruther, Dundee and Edinburgh make it ideal for getting to know more about Scotland.
"There is a broad range of classes you can take in Economics at St Andrews, ranging from Game Theory, to Environmental Economics to Behavioural Economics. The curriculum broadens your horizon and your way of thinking in such a holistic sense, which is what makes it so interesting yet challenging.”
Aanchal (New Delhi, India)
School of Economics and Finance University of St Andrews Castlecliffe The Scores St Andrews KY16 9AR
As a research intensive institution, the University ensures that its teaching references the research interests of its staff, which may change from time to time. As a result, programmes are regularly reviewed with the aim of enhancing students' learning experience. Our approach to course revision is described online. (PDF, 72 KB).