Introduction
Business Management and Economics at Aberdeen is a perfect partnership for brilliant career opportunities in business or the public sector, giving you wide knowledge and skills in management, people and organisations in a fast-moving environment with many influences and driven by global, regional and local economy.
Study Information
At a Glance
- Learning Mode
- On Campus Learning
- Degree Qualification
- MA
- Duration
- 48 months
- Study Mode
- Full Time
- Start Month
- September
- UCAS Code
- LNC2
In Business Management, you will gain a wide perspective and thorough grounding in all areas of business including skills in accountancy and statistics. Your knowledge will develop in a dynamic learning and research environment, inspired by staff who are leaders in the fields of business, financial markets, corporate finance, and organisational change.
In Economics, you will explore the microeconomics of business and society, macroeconomics of the world economy and economic problems in political, social and historical contexts, taught by experts including leading petroleum economist Professor Alex Kemp and our health economists whose work influences Scottish and UK policy decisions on public health issues.
You will benefit from professional training facilities, such as our Bloomberg finance lab, used by major financial services companies across the world, integrating real activity in financial markets directly into students’ courses.
You will thrive in the international, dynamic environment of our Business School of 45 nationalities creating a truly global experience. You will have the support of outstanding teaching staff and dedicated careers advisers to help you add value to your degree with the skills and attributes sought by employers from large multinational blue-chips to small and medium-sized enterprises in all sectors of business.
What You'll Study
- Year 1
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Compulsory Courses
- Academic Writing for Business (AW1003)
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This compulsory evaluation is designed to find out if your academic writing is of a sufficient standard to enable you to succeed at university and, if you need it, to provide support to improve. It is completed on-line via MyAberdeen with clear instructions to guide you through it. If you pass the evaluation at the first assessment it will not take much of your time. If you do not, you will be provided with resources to help you improve. This evaluation does not carry credits but if you do not complete it this will be recorded on your degree transcript.
- The Economics of Business and Society (EC1006)
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15 Credit Points
This course is an introductory course in microeconomics where we study the decision making of individual actors (consumers, employees, firms, governments, etc.) in an economy. Actors must make decisions about behaviours because they face scarce resources, but often they find that trading with other actors in markets can increase the wellbeing of all parties. This course models and examines the nature of these interactions, highlighting when they work well and when they fail to increase wellbeing and what might be the solution to these failures.
- Managing Organizations (MS1009)
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15 Credit Points
The aim of this course is to introduce students to the fundamentals of management, the internal structure and processes of organisations. Students will understand the main functions of management, what management is, what managers do and the factors that influence behaviour and performance of managers and other employees within an organisation.
The course will introduce a range of theories, research and real-life illustrations of a diverse range of management practices and organisational behaviour. The course will cover areas of: Staffing, Groups and Teams, Leadership and Management, Human Resource Management, Organisational Structure, Culture and Change, Communication, Marketing, Branding and Organisational Processes.
- Accounting and Entrepreneurship (AC1517)
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15 Credit Points
The course provides an understanding of how organisations, particularly small businesses, capture, create and use accounting information both to guide their own activities and to communicate their financial performance and financial position to parties external to themselves. It develops knowledge and understanding of accounting, accounting techniques and accounting information, so that students become informed users of accounting data and information, not creators of that data and information.
- The Global Economy (EC1506)
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15 Credit Points
This course is an introductory course in macroeconomics where we study the behaviour of the economy as a whole. Whereas microeconomics focuses on individual markets, macroeconomics addresses the “big issues” such as unemployment, inflation, economic growth, and financial crises. Macroeconomics is a lively subject, full of discussion and debate, as economists and policymakers take different views on macroeconomic issues, their causes and appropriate policy responses. Issues such as: Is the economy growing? What causes unemployment and how can we reduce it? How can we avoid recessions? When is inflation a problem? Are banks lending too much?
- Getting Started at the University of Aberdeen (PD1002)
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This course, which is prescribed for level 1 undergraduate students (and articulating students who are in their first year at the University), is studied entirely online, takes approximately 5-6 hours to complete and can be taken in one sitting, or spread across a number of weeks.
Topics include orientation overview, equality and diversity, health, safety and cyber security and how to make the most of your time at university in relation to careers and employability.
Successful completion of this course will be recorded on your Enhanced Transcript as ‘Achieved’.
Optional Courses
Plus further credit points from courses of choice to gain a total of 120 credits.
- Year 2
-
Compulsory Courses
- Intermediate Microeconomics (EC2003)
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30 Credit Points
This course builds on and is a natural extension of EC 1006. By examining in a more rigorous way concepts introduced in EC 1006 students will develop further their analytical skills and they will obtain a better understanding of consumers and producers behaviour, market structure as well as the effectiveness of economic policy. The course is designed to appeal to all students interested in economics. This includes students who may wish not to enter into any further studies of economics, as well as students who may wish to continue studying economics at the honours level.
- Intermediate Macroeconomics (EC2503)
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30 Credit Points
This course focuses on macroeconomic policy in a global economy. The first part builds an open-economy Keynesian model to investigate what determines the effectiveness of fiscal and monetary policies, and how exchange rate regimes and capital mobility impact on policy effectiveness. The second part investigates what determines the level of macroeconomic activity and its growth over time. The final part looks at what determines inflation and unemployment. This intermediate level course uses live lectures to develop your analytical skills evaluating economic policy in a rigorous and technical way to equip you with the skills needed for honours level study.
- Operations Management (MS2511)
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15 Credit Points
Operations is the part of management that considers processes rather than people and focuses on the organisation rather than its environment.
We study processes and process types: when we produce goods or provide services through projects, jobs, batches or by mass production or mass services. We study layout–how facilities are arranged–, capacity and inventory–how much we can make and when to store–, supply chains, project management, quality and improvement.
The course considers theories such as lean and just-in-time but also practice. You will need a calculator besides the ability to write reports.
- Understanding Statistics (PO2508)
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15 Credit Points
This course aims to provide students with an understanding of statistical concepts and methods relevant to accounting, management, finance, real estate and economics. The course is intended to enable students
i) To understand the principles of descriptive statistics, index construction, statistical inference, correlation, regression and time series analysis
ii) To apply statistical techniques to the analysis of accounting, business and economic issues and interpret findings
iii) To identify important sources of data in accounting, business and economics
- Marketing (MS2006)
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15 Credit Points
This course provides students with an overview of the underpinning concepts of marketing, and the requirements for the development of a market oriented organisation. Specifically introduces the basic concepts of buyer behaviour, market research, the marketing mix and the strategic context of marketing. The linkages between marketing and other key functional areas of management, notably operations and human resource management are highlighted by this course, encouraging the adoption of a systems perspective.
Optional Courses
Plus further credit points from courses of choice to gain a total of 120 credits.
- Year 3
-
Optional Courses
NOTE: If you intend to take your dissertation in Business Management in level 4 you must take MS 3553 Research Methods for Business in level 3.
Select credit points from level 3 courses in Business Management and Economics to gain a total of 60 credits in each discipline.
Plus 60 credit points from level 3 courses in Economics.
Students are required to have exactly 240 credits at levels 3 and 4, at least 210 of which must be EC or MS coded, and normally no more than 120 credits from either discipline. At least 90 credits must be at level 4.- Research Methods for Business (MS3553)
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30 Credit Points
This course introduces students to what is involved in undertaking research into business phenomena. It introduces philosophical issues in the theory of knowledge, ethical issues in research conduct, and considers quantitative and qualitative methods in turn, addressing issues in sampling and design, details of specific approaches, and considerations in data analysis. The course is taught through weekly lectures and an extended two hour tutorial every fortnight, with two pieces of coursework. The emphasis throughout is on understanding the conceptual underpinning of different methods, and their strengths and limitations in research.
- Business Ethics and Corporate Social Responsibility (MS3056)
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30 Credit Points
What is Business Ethics and why should we care? There is an impression amongst many that Business and Ethics are opposed ideas. This course seeks to address these issues. Exploring Business Ethics and Corporate Social Responsibility, tracing its historical origins through to current practice within organizations and the impact on the wider world. The course covers the fundamental question of what ethics is, granting a context for wider discussion. It looks at why ethics is relevant in the business world today and does so through traditional lectures and interactive learning such as the debates that have proven popular with students.
- New Venture Development (MS3058)
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30 Credit Points
Entrepreneurship skills are highly important to current economy and they are required to reach higher levels of economic growth and innovation. It is also widely believed that increased levels of entrepreneurship can be reached through, especially, entrepreneurship education. Therefore, this course help students build fundamental blocks that essential to embarking on an entrepreneurial venture.
- Understanding the Consumer (MS3551)
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30 Credit Points
This theoretically informed and practical course aims to explore the key concepts and theories of consumer behaviour. Students will explore: the consumer as an individual (understanding motivations, psychographics, demographics and cognitive processes) and social and group aspects of consumer behaviour (the role of friends, family and reference groups). The course uses interactive lecture sessions and tutorial activities to encourage students to reflect both on theory and their own experiences as consumers. The course will be very useful for those interested in marketing and market research careers.
- Human Resource Management (MS3554)
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30 Credit Points
This course provides an in-depth examination of key theories and concepts in Human Resource Management (HRM) and demonstrates how these concepts can be applied in practice, using relevant case studies. Key themes to be covered include important HRM issues like the link between strategy and HRM, organizational design, team and organizational performance, employee relations, the strategic aspect of compensation and other emerging trends in HRM (life-work balance; virtual organizations and teleworking)
- Year 4
-
Compulsory Courses
Choose one of the following Options:
- Economics Dissertation (EC4526) AND Business Strategy (MS4536)
- Dissertation in Management Studies (MS4540)
- Economics Dissertation (EC4526)
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30 Credit Points
The dissertation presents students with the opportunity to apply their knowledge and research skills of Economics to an individual piece of research, focusing on a topic which has been chosen by the student and approved by the Dissertation coordinator and Dissertation supervisor. Over the course of the Dissertation, with guidance from the supervisor, the student will study a particular topic, conduct a literature review of relevant material, select appropriate theoretical and/or empirical methods to address the topic and write a final analysis in the form of the Dissertation of up to 10,000 words.
- Business Strategy (MS4536)
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30 Credit Points
This course is about business strategy and covers a broad range of topics that come under the general heading of “Business Strategy” or “Strategic Management”. The course has been designed to help you gain an understanding of the key areas of strategic management including an understanding of: what strategic management is and why it is important; the different types of strategic analysis tools available; the difference between corporate, business and functional strategy; the complex issues associated with the implementation of strategy; the concept of strategic fit; and the role for strategic leadership in shaping and implementing strategy.
- Dissertation in Management Studies (MS4540)
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30 Credit Points
Students in this course conduct independent research under the guidance of a supervisor. They can select their own dissertation topic or choose one of a range of topics offered by staff within Management Studies. Students undertake a qualitative and/or quantitative piece of empirical research and produce a dissertation at the end of the process. This course provides them with an opportunity to develop a range of generic and research-specific skills including critical thinking, argumentation, writing, time management, review of literature, research design, and data analysis.
Optional Courses
Select further credit points from level 4 Business Management and Economics courses to gain 60 credits in each discipline.
Students are required to have exactly 240 credits at levels 3 and 4, at least 210 of which must be EC or MS coded, and normally no more than 120 credits from either discipline. At least 90 credits must be at level 4.
NOTE: You are required to gain a minimum of 90 credit points from level 4 courses.
- Understanding and Managing Change (MS4048)
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30 Credit Points
There are many jobs available every year in the consultancy sector and preparing to apply for one requires knowledge, skill and experience demonstrated to your future employer. This course is intended to introduce you to the work of management consultants and identify the competencies you will require to apply for a career in consultancy. The course will include group presentation work which will be assessed by your tutors (who have both been consultants) and past students who have are now employed in consultancy who will advise you on how best to apply for a position in this important sector.
- Understanding and Managing Behaviour in Organisations (MS4053)
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30 Credit Points
This course is concerned with managing and understanding organisational behaviour. Organisational behaviour is one of the most complex and perhaps least understood academic elements of modern general management but since it concerns the behaviour of people within organisations it is also one of the most central. This course designed to prepare students for what lies within organisations, thus avoiding the 'reality shock'. The emphasis will be on real-life rather than theoretical examples although wherever appropriate theory will be grounded in practical examples.
- Business Strategy (MS4536)
-
30 Credit Points
This course is about business strategy and covers a broad range of topics that come under the general heading of “Business Strategy” or “Strategic Management”. The course has been designed to help you gain an understanding of the key areas of strategic management including an understanding of: what strategic management is and why it is important; the different types of strategic analysis tools available; the difference between corporate, business and functional strategy; the complex issues associated with the implementation of strategy; the concept of strategic fit; and the role for strategic leadership in shaping and implementing strategy.
We will endeavour to make all course options available. However, these may be subject to change - see our Student Terms and Conditions page.
How You'll Study
Learning Methods
- Individual Projects
- Lectures
- Research
- Tutorials
Assessment Methods
Students are assessed by any combination of three assessment methods:
- Coursework such as essays and reports completed throughout the course.
- Practical assessments of the skills and competencies they learn on the course.
- Written examinations at the end of each course.
The exact mix of these methods differs between subject areas, years of study and individual courses.
Honours projects are typically assessed on the basis of a written dissertation.
Why Study Business Management and Economics?
- 1st Scotland in Student Positivity for Business Studies and Management Studies in the National Student Survey 2024
- Business Management at Aberdeen provides an opportunity to study Management on its own or alongside one of a large number of the other disciplines taught at the University.
- Aberdeen is known as being the oil and gas capital of Europe and the industry has a high demand for Business Management graduates. The University's close links to international companies will improve your career prospects.
- Our Bloomberg finance lab integrates real activity in financial markets directly into your courses. The platform is used by major financial services companies across the world. You will gain experience of sophisticated financial management technology placing you at the leading edge with skills that employers are seeking.
- Study a subject that is both interesting and which offers considerable scope for career advancement (new Economics graduates gain relatively high earnings).
- There is an active Economics Society which organises annual trips to various economic institutions including the European Union (Brussels), the European Central Bank (Frankfurt), International Labour Office (ILO) and the Organisation for Economic Co-operation and Development (Paris).
Aberdeen Global Scholarship
The University of Aberdeen is delighted to offer eligible self-funded international on-campus undergraduate students a £6,000 scholarship for every year of their programme.
View the Aberdeen Global ScholarshipEntry Requirements
Qualifications
The information below is provided as a guide only and does not guarantee entry to the University of Aberdeen.
General Entry Requirements
- 2024 Entry
-
SQA Highers
Standard: AABB
Applicants who have achieved AABB (or better), are encouraged to apply and will be considered. Good performance in additional Highers/ Advanced Highers may be required.
Minimum: BBB
Applicants who have achieved BBB (or are on course to achieve this by the end of S5) are encouraged to apply and will be considered. Good performance in additional Highers/Advanced Highers will normally be required.
Adjusted: BB
Applicants who achieve BB over S4 and S5 and who meet one of the widening access criteria are guaranteed a conditional offer. Good performance in additional Highers/Advanced Highers will be required.
More information on our definition of Standard, Minimum and Adjusted entry qualifications.
A LEVELS
Standard: BBB
Minimum: BBC
Adjusted: CCC
More information on our definition of Standard, Minimum and Adjusted entry qualifications.
International Baccalaureate
32 points, including 5, 5, 5 at HL.
Irish Leaving Certificate
5H with 3 at H2 AND 2 at H3.
PLEASE NOTE: National 5/ Standard Grade/ GCSE (or equivalent) in Mathematics (or Applications of Mathematics) is required in addition to the requirements noted above.
- 2025 Entry
-
SQA Highers
Standard: BBBB
Applicants who have achieved BBBB (or better), are encouraged to apply and will be considered. Good performance in additional Highers/ Advanced Highers may be required.
Minimum: BBC
Applicants who have achieved BBC at Higher and meet one of the widening participation criteria above are encouraged to apply and are guaranteed an unconditional offer for MA, BSc and BEng degrees.
Adjusted: BB
Applicants who have achieved BB at Higher, and who meet one of the widening participation criteria above are encouraged to apply and are guaranteed an adjusted conditional offer for MA, BSc and BEng degrees.
We would expect to issue a conditional offer asking for one additional C grade at Higher.
Foundation Apprenticeship: One FA is equivalent to a Higher at A. It cannot replace any required subjects.
More information on our definition of Standard, Minimum and Adjusted entry qualifications.
A LEVELS
Standard: BBC
Minimum: BCC
Adjusted: CCC
More information on our definition of Standard, Minimum and Adjusted entry qualifications.
International Baccalaureate
32 points, including 5, 5, 5 at HL.
Irish Leaving Certificate
5H with 3 at H2 AND 2 at H3.
PLEASE NOTE: National 5/ Standard Grade/ GCSE (or equivalent) in Mathematics (or Applications of Mathematics) is required in addition to the requirements noted above.
Entry from College
Advanced entry to this degree may be possible from some HNC/HND qualifications, please see www.abdn.ac.uk/study/articulation for more details.
The information displayed in this section shows a shortened summary of our entry requirements. For more information, or for full entry requirements for Arts and Social Sciences degrees, see our detailed entry requirements section.
English Language Requirements
To study for an Undergraduate degree at the University of Aberdeen it is essential that you can speak, understand, read, and write English fluently. The minimum requirements for this degree are as follows:
IELTS Academic:
OVERALL - 6.0 with: Listening - 5.5; Reading - 5.5; Speaking - 5.5; Writing - 6.0
TOEFL iBT:
OVERALL - 78 with: Listening - 17; Reading - 18; Speaking - 20; Writing - 21
PTE Academic:
OVERALL - 59 with: Listening - 59; Reading - 59; Speaking - 59; Writing - 59
Cambridge English B2 First, C1 Advanced or C2 Proficiency:
OVERALL - 169 with: Listening - 162; Reading - 162; Speaking - 162; Writing - 169
Read more about specific English Language requirements here.
Fees and Funding
You will be classified as one of the fee categories below.
| Fee category | Cost |
|---|---|
| RUK | £9,250 |
| Tuition Fees for 2025/26 Academic Year | |
| EU / International students | £20,800 |
| Tuition Fees for 2025/26 Academic Year | |
| Home Students | £1,820 |
| Tuition Fees for 2025/26 Academic Year |
Additional Fees
- In exceptional circumstances there may be additional fees associated with specialist courses, for example field trips. Any additional fees for a course can be found in our Catalogue of Courses.
- For more information about tuition fees for this programme, including payment plans and our refund policy, please visit our Tuition Fees page.
Scholarships and Funding
UK Scholarship
Students from England, Wales and Northern Ireland, who pay tuition fees may be eligible for specific scholarships allowing them to receive additional funding. These are designed to provide assistance to help students support themselves during their time at Aberdeen.
Aberdeen Global Scholarship
The University of Aberdeen is delighted to offer eligible self-funded international on-campus undergraduate students a £6,000 scholarship for every year of their programme. More about this funding opportunity.Funding Database
View all funding options in our Funding Database.
Careers
There are a wide variety of careers you can choose from with Business Studies and Economics. Business Studies allows you to apply your skills in consultancy, advertising, banking, insurance, logistics, manufacturing, public relations, HR, sales, retail, and buying as a minimum. If you apply your Economics knowledge you can go into trading, finance, development and more.
Our Experts
Information About Staff Changes
You will be taught by a range of experts including professors, lecturers, teaching fellows and postgraduate tutors. However, these may be subject to change - see our Student Terms and Conditions page.
Discover Uni
Discover Uni draws together comparable information in areas students have identified as important in making decisions about what and where to study. You can compare these and other data for different degree programmes in which you are interested.
Get in Touch
Contact Details
- Address
-
Student Recruitment & Admissions
University of Aberdeen
University Office
Regent Walk
Aberdeen
AB24 3FX