What causes inflation? Can unemployment be reduced? Can tax be equitable and efficient?
These are some of the questions economists try to answer. They also seek to understand issues such as: how do people decide what to buy and what job to do? How do firms decide what to produce and what to charge? What determines the profit they earn?
Due to its structure and the way it’s taught, Economics is recognized as a good source of transferable skills. Our recent graduates have embarked on a wide range of careers, including management, accountancy, and banking, as well as economics itself. Surveys have regularly found Economics to be one of the top four subjects for graduate pay.
In the latest review, all aspects of our teaching had the highest rating. Many of our lecturers have an international reputation.
This subject may be studied in combination with a number of other subjects
Four-year Honours degree
ABBB - one sitting.
AABB - two sittings.
GCE A-level: BBB
IB Diploma: 32 points
BTEC (Level 3): DDM
Three-year Honours degree
SQA Adv. Higher: ABB
GCE A-level: ABB
IB Diploma: 35 points
Essential subjects: To include Economics.
Year one minimum entry
Scottish HNC/D - Bs in graded units
English, Welsh and NI HNC/D - Merits and Distinctions. Advanced entry
Access courses and other UK/EU and international qualifications are also welcomed.
General entrance requirements apply
Mathematics Standard Grade (3), National 5 (C), Intermediate 2 (C), GCSE (C) or Level 4 or equivalent. If examinations are taken over two sittings, or there are repeats or upgrades, the entrance requirements may be higher.
INTO University of Stirling
INTO University of Stirling offers an International Foundation programme for those international students who do not meet the required academic and English-language criteria. These courses offer a route to study at the University of Stirling through an excellent teaching and learning experience located in the high-quality study facilities on campus.
Successful completion of the International Foundation in Business, Finance, Economics and Marketing to the required standard provides direct entry to year two of this degree.
English language requirements
If English is not your first language you must have one of the following qualifications as evidence of your English language skills:
- IELTS: 6.0 with 5.5 minimum in each skill
- Cambridge Certificate of Proficiency in English (CPE): Grade C
- Cambridge Certificate of Advanced English (CAE): Grade C
- Pearson Test of English (Academic): 54 with 51 in each component
- IBT TOEFL: 80 with no subtest less than 17
If you need to improve your English language skills before you enter this course, our partner INTO University of Stirling offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for entry to this degree.
Structure and content
You will take Economics plus two other subjects in Year 1. Economics may be studied as part of a General degree or to Honours level, either on its own or in combination with other subjects.
You will have numerous opportunities to develop appropriate work-related skills at every stage of your studies, culminating in the Professional Development and Practice module in Semester 8 which helps you prepare for entering the workplace.
Semesters 1 - 4
You will take the following core modules:
- Introductory Microeconomics: This module analyses how individual markets work, how prices are set, how resources are allocated in an economy and how firms and households respond to changing market conditions
- Introductory Macroeconomics: Macroeconomics is concerned with issues relating to the economy as a whole such as the general standard of living, unemployment, and inflation
You will move on to study Intermediate Micro-economics and Intermediate Macroeconomics, which build on the work done in the introductory modules. You will also take Introduction to Quantitative Techniques for Economics and Business in Semester 4.
Semesters 5 - 8
All Honours students take core advanced modules designed to develop their knowledge and understanding of the central methods of economic analysis and major policy issues.
- Using Economic Data
- Advanced Macroeconomics
- Advanced Microeconomics
- Economic Policy
In the final year, you will write a dissertation on a subject of your choice. The remainder of the course consists of a number of options, such as Financial Economics; Monetary Economics and Environmental Economics. Combined Honours students take the same core modules as Single Honours students but replace some of the Economics options with modules in their other subject.
- ECNU3NV - Environmental Economics
- ECNU3EE - Energy Economics
- ECNU3AX - Applied Economics I
- ECNU3AY - Applied Economics II
- ECNU3MY - Monetary Economics
- ECNU3FE - Financial Economics
Delivery and assessment
There are typically two or three lectures per week on each module. You also attend a weekly meeting in a smaller group, either a tutorial or a seminar, for each module. Your final grade for each module is based on 40 percent for coursework and 60 percent for the examination. Usually, the coursework consists of two class tests and some tutorial preparation. In the first two years, a good performance in your coursework gains you exemption from the examination.
Study abroad opportunities
You have the opportunity to study abroad through Stirling's well-established connections with several international universities.
A high standard of teaching
Teaching provision in Economics has been assessed by the Quality Assurance Agency for Higher Education and achieved the highest possible rating of ‘commendable’ in all aspects.
Many of our lecturers have an international reputation in their specialisms and are at the forefront of research. These strengths are reflected in the modules we offer and underline our commitment to quality in teaching. Strong research improves teaching quality.
In the most recent Research Assessment Exercise, 15% of our research was rated as world-leading and a further 45% as internationally excellent, placing us in the top four Economics units of assessment in Scotland and the top 25 in the UK.
Flexible degree courses
The Stirling degree is modular and therefore highly flexible. You are not committed to taking the course for which you applied. You do not need to commit yourself to a particular course before the end of your second year. In the third and fourth years, there is a range of courses available that allow you to specialize in Economics or to combine the study of Economics with one or two other subjects.
The structure of our degrees helps to develop useful skills. Assessment is based on coursework as well as examinations. This helps to build up independent learning skills. Communication skills are developed in tutorials where students present arguments orally. Our quantitative modules develop skills in using computers and presenting statistically-based arguments.
Most Honours students write a dissertation in their final year in which they work independently with a staff supervisor. A good performance can enhance career prospects as many employers and postgraduate admission selectors are particularly looking for the ability to work independently on a project.
Good information about your progress
The Stirling system of basing grades partly on coursework marked during the semester and on awarding grades for each module taken at the end of each semester means that you are kept well-informed about your progress throughout your university career.
A degree result that fairly reflects all your work at Honours level
In determining the class of an Honours degree, examiners take into account the grades achieved in all the modules taken in the third and fourth years. There are no final examinations covering work in earlier semesters - many students only do a dissertation in their final semester and have no exams at all at the end of their fourth year. Thus your degree result depends on a range of work done over two years, rather than solely on your performance in examinations concentrated in a few days right at the end of your university career. The rules that the Examiners use to determine the class of degree are published, so you can work out semester by semester what class of degree you are likely to get, and make adjustments to your work effort to achieve the result you want.
Economic graduates rank among top 10 earners
A Which? University report (April 2015) highlights that Economics graduates rank 7th in the top subjects for graduate starting salaries.
Where are our graduates now?
Economics graduates are currently working around the world in countries such as Thailand, Finland, Canada, Luxembourg, Columbia, Malaysia, Spain, Ireland, New Zealand, United Arab Emirates and Norway.
Economics graduates are currently helping shape the performance of the following organizations:
- BMW Group
- Lloyds Banking Group
- Universities around the world
- Barclays Bank
- AEGON UK
- BNP Paribas
- Local and central government
- Merrill Lynch
- Deutsche Bank
- John Lewis
Economics graduates entering work in the past two years have progressed into roles such as:
- Debt Products Analyst, Merrill Lynch
- Economic Analyst, Scottish Water
- Insurance Consultant, Aviva
- Credit Risk Analyst, Lloyds Banking Group
Graduates of Stirling’s Economics degree from five to ten years ago are now working as:
- Personal Banker, JPMorgan Chase & Co
- Compliance Auditor, National Lottery Commission
- Global Transition Manager, Standard Life Investments
- Partner (International Trade), Clydesdale Bank
- Portfolio Manager, Bergen Energi
- Senior Treasury Analyst, Royal Bank of Scotland
Some of our more established graduates are currently employed as:
- Principal Research Officer, Scottish Government
- Head of Business Transformation, AEGON Scottish Equitable
- Investment Manager, Deutsche Bank
- Head of Risk, Capital One (Europe) Plc
- Senior Economist, Government Economic Service
- Executive Director, Goldman Sachs
An Economics degree can be a solid foundation upon which to base your career and some of our graduates have used this to progress into some potentially less obvious career including: Senior Procurator Fiscal (Crown Office), Group Finance Director (Kwik-Fit Group), HR Partner (Robertson Group), Global Procurement Manager (Syngenta Crop Protection), Assistant Export Manager (British Trade International), Senior Marketing Analyst (Equifax), IT Specialist (IBM Australia), Social Workers, Teachers and Member of Parliament across the UK.
Stirling Management School’s Careers Mentoring Scheme
The Careers Mentoring Scheme is open to all 3rd and 4th-year students across Stirling Management School. Mentoring is widely recognized as an effective tool for enhancing your career prospects and of ensuring informed choice. This scheme is designed to provide additional support as you progress through your studies, as well as preparing your for progression into your desired professions. Mentors are all former students of Stirling Management School who know what it is like to be unsure about future career plans. They are keen to pass on tips relating to potential careers and applying for jobs.
The benefits of the scheme include:
- Improving your employability skills
- Building your confidence and self-esteem when applying for jobs
- Searching and applying for suitable jobs, writing CVs, interview skills
- Providing an insight into the world of work and a particular industry
- For more information, and to discover other ways in which our alumni get involved with our students, visit Getting involved
Internship – What they are and why you should consider doing one?
An internship is an opportunity offered by an employer to students (or interns) over a fixed, limited period of time, which enables the student to gain practical experience. The Career Development Centre has details of internships available around the world with large private sector organizations, as well as opportunities with smaller local businesses which are promoted through both the Third Sector Internship Scheme, the Saltire Foundation, and our very own Stirling Internship Programme. As a student, you will automatically be registered onto the University’s Vacancy & Events System which means that you will receive regular updates regarding new opportunities as they become available.
Six reasons why you should consider an internship:
- Boost your CV and stand out from the crowd in order to have an edge in the graduate job market
- Make professional connections which may lead to the offer of a job upon graduation
- Test your career choices – internships can ease your transition into future careers or alternatively, help you decide that you don’t want to work in that area after all
- ‘Real world’ business experience, enabling you to put theory into practice
- Develop transferable skills such as communication, team working, problem-solving, decision-making, initiative and creativity
- Help fund your studies by earning a full-time salary during the vacation periods
Cost & Fees
- Overseas students (non-EU) £ 11,845.00
- Scottish and EU students £ 1,820.00
- Students from the rest of the UK £6,750 per year for a maximum of 4 years
Please note: Scottish and EU students can apply to the Students Award Agency for Scotland (SAAS) to have tuition fees paid by the Scottish government. Students from the rest of the UK can apply for financial assistance, including a loan to cover the full cost of the tuition fees, from the Student Loan Company.
You should expect to pay fees for every year you are in attendance and be aware fees are subject to revision and may increase annually. Students on programmes of study of more than one year should take this into account when applying.
Please note there is an additional charge for the conferral of your degree. This will be charged at the rate applicable when you complete your studies.
This school offers programs in:
Last updated February 1, 2018