whystudyeconomics.ac.uk university decisions? what about economics?
TRANSCRIPT
whystudyeconomics.ac.uk
University decisions?
What about
Economics?
whystudyeconomics.ac.uk
What is economics?
“Economics is concerned with how society sets about meeting
people's demands for things they want to consume.
It looks at the production, consumption and sale of goods and
services, both at the level of individual products, firms and consumers and at
the level of the total production and consumption by countries.
It also compares alternative ways of using the limited resources that countries
and individuals possess and considers how efficient and/or fair such alternatives
are.”
Professor John Sloman
whystudyeconomics.ac.uk
Where does Economics fit?
Economics and…..
- Maths
- Politics
- French
- Finance
- Geography
- Philosophy
Or, just Economics.
whystudyeconomics.ac.uk
I feel that the broad range of topics covered, from financial markets to government policy, ensure I find something that interests me.
Hannah, 3rd year Economics and Maths
I like being able to apply what I have learnt to politics, and I remain convinced that some knowledge of economics is essential for informed voting behaviour and a good understanding of politics.
Libby, Economics Graduate
whystudyeconomics.ac.uk
What do I get?
BA or BSc?
Economics: Art or Science?
BA = Bachelor of Arts
BSc = Bachelor of Science
Generally:
BA: A social sciences approach
BSc: A scientific and quantitative approach
whystudyeconomics.ac.uk
What do I need?
At least 140 UCAS points
whystudyeconomics.ac.uk
Yep, that’s it.
You don’t need an A-level in economics.
You don’t need an A-level in maths for most economics degrees.
*Some institutions do have A-level maths as a pre-requisite (especially BSc).
*No institutions say you need economics.
whystudyeconomics.ac.uk
However…
Economics does contain maths. If you don’t have a strong maths background, some extra time in your first year might be spent learning some key mathematical concepts.
whystudyeconomics.ac.uk
What will I study?
Micro and Macro (little and big economics) and Quants
Micro = the economics of the individual, consumer, firm and market, who produces, who benefits.
Macro = economics at the national and international level
The Core
Quants = maths and statistics for economists
whystudyeconomics.ac.uk
Module Options
-Money and Finance
-Development Economics
-Business Economics
-Environmental Economics
-International Economics
-Political and Social Economics
-Health Economics
Typically:
8- 10 hours of contact time a
week
(including seminars, tutorials and lectures)
In addition to this you will also have to do your own,
personal study.
whystudyeconomics.ac.uk
How will I be marked?
Exams +
Essays +
Assignments +
Reports +
Groupwork +
Tests +
Presentations +
Not dissimilar to your A-levels
=
whystudyeconomics.ac.uk
What skills will I learn?•Written
•Analytical and problem solving
•Numerical and computing
•Presentation
•Research
•Communication
•Team working
•Political Awareness
whystudyeconomics.ac.uk
Economics alumni, what skills helped you to get your current job?
Source: Alumni Survey
whystudyeconomics.ac.uk
What happens after University?
Source: HESA Destinations of Leavers from Higher Education 2006/7
Of 3460 economics graduates….
*Other jobs include IT, technical, marketing, education, engineering and legal.
Not available for employment or unemployed
Numerical clerks and cashiers
Other clerical and secretarial jobs
Commercial ,industrial and public sector managers
Other jobs
Business and financial
Studying for a further degree
whystudyeconomics.ac.uk
And is there money in it? Increase in earnings you can expect with a degree (compared to only having A-levels).
Source: LFS Survey, ONS, 1994 - 2006
whystudyeconomics.ac.uk
Account Executive
Underwriting Assistant
Salesperson
System Analyst
Relationships Director
Partner in Accountancy Firm
Credit Analyst
Army Officer
Logistics Manager
Director of Campaigns and Communications
European Regulatory Manager
Director of Finance and Corporate Governance
Programme Manager: Fiscal Policy
Assistant Economist
Internet and CRM Marketing ManagerExpatriate Tax Manager
CPD and Business ConsultantResearcher
Detective Superintendent
Sky1 Online Editor
Lecturer at Technological Institute of Patras
Assistant Statistician
Investment Banker
Economic Advisor
Terminal Stock Controller
Press Associate Director
Assistant Government Economist
Environment and Climate Change Analyst
Professor and Director
Fixed-income Derivatives Trader
Theatre Storekeeper
Social Worker
What will I do to earn all of this money?
Source: Alumni Survey
whystudyeconomics.ac.uk
What next?
Look at www.whystudyeconomics.ac.uk
See what courses you can do at www.ucas.com
Find some Universities to visit www.opendays.com
whystudyeconomics.ac.uk
Credits
This presentation has been made by the Economics Network of the Higher Education Academy
Images sourced from
Colouring pencils from Andrew_1000
Simple as 3.14 from Maitri
Graduation from ajschwegler
Economy Inn from Brent and MariLynn
Students from jisc_infonet
Alumni survey conducted nationally by the Economics Network, 2008 / 09.
Labour Force Survey, 2004 conducted by the Office of National Statistics.
HESA Destinations of Leavers from Higher Education 2006/7 from prospects.ac.uk