Program Overview
The Applied Economics at University of St Andrews is a MA programme in Business & Management over 48 months, delivered On-campus. This programme equips graduates with advanced knowledge and practical skills for professional and academic careers in the field.
Students gain a rigorous grounding in both the theoretical foundations and applied dimensions of business & management. The programme combines coursework, research components, and practical projects that develop critical thinking, problem-solving, and specialist expertise relevant to industry and research needs.
Graduates of the Applied Economics programme are well-prepared for careers in academia, industry, government, and the private sector across United Kingdom and internationally. The programme provides an internationally recognised qualification within the Bologna higher education framework.
Key Program Features
- Duration: 48 months
- Language of instruction: English
- Study mode: On-campus
- Tuition: GBP 17,040 (Tuition (Year)) — International students; GBP 9,000 (Tuition (Year)) — EU/EEA students
- Location: St Andrews, United Kingdom
Career Opportunities
Graduates of the Applied Economics programme are prepared for diverse careers in business & management:
- Business Analyst
- Management Consultant
- Product Manager
- Strategy Analyst
- Operations Manager
- Entrepreneur
Program Curriculum
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.
Typically, you will take a total of three modules per semester each year.
Course information may change. Module information and course content, teaching and assessment may change each year and after you have accepted your offer to study at the University of St Andrews. We display the most up-to-date information possible, but this could be from a previous academic year. For the latest module information, see the module catalogue.
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Students will take all of the following compulsory first-year modules:
- Macroeconomics: Provides an introduction to macroeconomics, focusing on the behaviour and performance of the economy as a whole and examines key concepts, frameworks, and policy approaches used to analyse economic activity and outcomes.
- Microeconomics: explores the basics of the market system and consumer and producer behaviour.
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Students will take all of the following compulsory 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.
- Mathematics for Economists: covers calculus and algebra to provide indispensable mathematical tools for modern economists.
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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 Econometrics.
Here is a sample of Honours modules which have been offered in previous years:
- Econometrics (compulsory)
- Behavioural Economics: Individual Decisions and Welfare
- Development Economics
- Economic Fluctuations
- Economics of the Environment
- European Macroeconomics
- Game Theory
- Health Economics
- Incentives, Contracts and Markets
- Innovation Economics
- International Trade
- Mathematical Economics
- Public
Admission Requirements
Academic Requirements
You need the following GPA score:
Applicants for graduate programs must have the equivalent of a bachelor\xe2\x80\x99s degree with a minimum GPA equivalent to Upper Second Class on the UK Honour scale. Admitted applicants typically have an undergraduate GPA of or better on the UK Honour scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).
Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).
Tuition & Financial Information
Tuition Fee
GBP 17,040 (Tuition (Year)) — International students; GBP 9,000 (Tuition (Year)) — EU/EEA students
Tuition fees: GBP 17,040 (Tuition (Year)) — International students; GBP 9,000 (Tuition (Year)) — EU/EEA students
Financial Aid & Scholarships
Contact University of St Andrews directly for scholarship, grant, and financial aid information for this programme. Many European universities offer merit-based and need-based funding for international and domestic students.
About University of St Andrews
University of St Andrews
St Andrews, United Kingdom
The University of St Andrews, founded in 1413, is Scotland’s oldest university and one of the most prestigious institutions in the United Kingdom. Located in the historic coastal town of St...
University Profile- Start Date September 2026
- Language English
- Duration 48 months