Clearing available

Clearing is available for the following locations:

  • Scotland / EU
  • England, Northern Ireland and Wales
  • International
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The course

UCAS code
Up to 4 years
Delivery type

The study of Economics at Heriot-Watt University is underpinned by the work of globally respected researchers. Our flexible degrees focus on making a difference in the real world and have the 3rd best Student Satisfaction in the UK (NSS2019).



Our Economics MA degree is underpinned by the work of world-leading researchers who design and teach our degrees with a real-world focus. We begin at an introductory level so you don’t need to have any previous knowledge in economics to study the course.

Heriot-Watt University has been ranked 1st in Scotland and 3rd in the United Kingdom for Economics in the Guardian University League Tables 2018, behind only Oxford and Cambridge.

One reason for our exceptional ranking is our ‘value-added’ score which has been the best in the UK for 6 of the past 7 years. Value-Added is a rating given to all universities in the UK which measures the first and upper-second class degrees achieved by students against their entry qualifications.

Our degree uses a flexible structure to let you tailor your studies and follow your own particular interest, allowing you to study Economics as a specialism or with an additional discipline through our five specialist pathways:

  • MA (Hons) Economics and Accountancy
  • MA (Hons) Economics and Business Law
  • MA (Hons) Economics and Business Management
  • MA (Hons) Economics and Finance
  • MA (Hons) Economics and Marketing

As a result of this flexibility,  your Economics degree will prepare you for a wide range of successful careers in economics, banking, finance, consultancy or business management. You can also continue with further studies in economics and related subjects like recent graduates who have gone on to study PhDs at world-leading institutions such as Harvard and Cambridge.

Read on for a break-down of the degree structure and for further details about the destinations of our graduates. 


Heriot-Watt University is accredited as a Bloomberg Experiential Learning Partner, recognising us as a leader in experiential learning in the area of finance. 

Course content

Detailed course guide

Year 1

Semester 1

  • Management in a Global Context
  • Introductory Economics
  • Introduction to Accounting

Semester 2

  • Enterprise and its Business Environment
  • The Economy
  • Introduction to Finance
  • Elective

Year 2

Semester 1

  • Intermediate Economics 1: Theory & Techniques (30 credits)
  • Quantitative Methods
  • Elective

Semester 2

  • Intermediate Economics 2
  • Contemporary Economic Policy & Institutions
  • Statistical Techniques
  • Elective

Year 3

Semester 1

  • Introductory Econometrics
  • Advanced Economics 1

Semester 2

  • Econometrics Project
  • Advanced Economics 2

Across both semesters

  • One Economics option
  • Three electives

Year 4

Semester 1

  • Advanced Economic Policy 1

Semester 2

  • Advanced Economic Policy 2

Across both semesters

  • Four Economics options
  • Two options from Accountancy & Finance, Economics or Business Management
Unistats course data


Work and study

This is what our MA (Hons) Economics students are doing six months after graduating:

  • 70% are working
  • 5% are studying
  • 15% are working and studying.

Managerial/professional position

  • 85% of those working are in a professional/managerial position six months after graduating.


  • The average salary of students six months after graduating: £24000
  • The average UK salary of students six months after graduating from a similar course: £24000


These are the most common jobs students go into six months after graduating:

  • Business and public service associate professionals
  • Business, research and administrative professionals
  • Elementary occupations
  • Information technology and telecommunications professionals
  • Science, engineering and technology associate professionals
  • Sales occupations


Employers include:

  • Procurement Specialist | BP Oil & Gas
  • Economics Analyst | Mediacom
  • Graduate Economist | PwC Consulting
  • Junior Consultant | Ernst & Young
  • Trainee Medical Underwriter | Royal London Group
  • Management Consultant | PA Consulting
  • Graduate Retail Banker | Royal Bank of Scotland
  • Business Consultant | Ernst & Young

Entry requirements

Year 1

  • Highers AAAB (over two sittings)
  • A-Levels BBB
  • Int. Baccalaureate 29 points
  • HNC B in graded unit

Year 2

  • Advanced Highers BB in relevant subjects, plus AAAB at Higher.
  • A-Levels ABB in relevant subjects
  • Int. Baccalaureate 34 points plus relevant subjects
  • HND BB in graded units, relevant HND
  • Additional information Minimum of grade C in Mathematics at Scottish Higher, grade C in Mathematics at AS or 5 in HL Maths for International Baccalaureate is required.

Additional information

  • Intermediate 2 / National 5 / GCSE English and Mathematics are required for all Economics courses.
  • BTEC Relevant BTEC qualifications are accepted; please contact Admissions Tutor for further details


Tuition fees for 2019 entry (by residency status)
Status* Scotland / EU** England / Northern Ireland / Wales*** International
Fee Paid by SAAS £9,250 £14,640

* Your residency 'status' is usually defined as the country where you have been ordinarily resident for the three years before the start of your course. Find out more about tuition fees.

** European Union countries (not including England, Northern Ireland or Wales).

*** 'Rest of the UK' (RUK) students entering at Level 1 receive a fee waiver of one year's tuition fee. Normally this will be the final year, or a year during which students study abroad (either at a partnership institution, or at one of Heriot-Watt's overseas campuses).

Scholarships and bursaries

Featured scholarships

Bursaries for students from England, Northern Ireland or Wales starting undergraduate degree courses in 2018

In addition to government maintenance loans and grants towards the costs of fees and living costs, we are offering generous financial support to attract and support eligible students from England, Northern Ireland or Wales:

View our full range of undergraduate scholarships.