The degree is one of the university's oldest and will be amended to adapt to modern cultures and religions in British society.
Students have to study four compulsory modules in their first year, two of which will be in Christian theology and in their second and third year there will be no longer be any compulsory modules.
Students will be able to instead choose to study topics like 'Buddhism in space and time' or 'feminist approaches to religion and theology'.
Johannes Zachhuber, Professor of Historical and Systematic Theology at University of Oxford, told Premier's News Hour it is necessary to reflect the world today.
"The vast majority of the department staff are trained Christian theologians, or at least people who study Christian theology and the history of Christianity, and that is what the department is known for."
"Christianity itself has become more diverse, partly due to immigration and some of the most exciting, the most spiritual communities are not at all like the kind of Anglican and Catholic congregations that have been in existence in this country for a long time."
He stressed that a lot has changed in the last 30 years and the course needs to stay interesting and current.
He said: "We pride ourselves on excellence. What we think is right, we want to be right for ten, fifteen years.
"But every once in a while the moment arises when we have to look hard at what we're doing and introduce new ideas and forms of teaching."
He said that pupils are keen for these changes to come into force because globalisation and the wider world is affecting them on a daily basis.
Listen to Premier's Hannah Tooley speak to Johannes Zachhuber here:
