What about economics??

University decisions?
What about
Economics?
whystudyeconomi


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

whystudyeconomi


Where does Economics fit?
Economics and…..
- Maths
- Politics
- French

- Finance
- Geography
- Philosophy
Or, just Economics.
whystudyeconomi


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

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

whystudyeconomi


What do I get?
BA or BSc?
BA = Bachelor of Arts
BSc = Bachelor of Science
Economics: Art or Science?
Generally:

BA: A social sciences approach
BSc: A scientific and quantitative approach

whystudyeconomi


What do I need?

At least 140 UCAS points

whystudyeconomi


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.

whystudyeconomi


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.

whystudyeconomi


What will I study?
The Core
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

Quants = maths and statistics for economists

whystudyeconomi


Typically:

Module Options
-Money and Finance
-Development Economics
-Business Economics
-Environmental Economics
-International Economics
-Political and Social Economics
-Health Economics

whystudyeconomi

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.


How will I be marked?
Not dissimilar to your A-levels
Exams +
Groupwork +
Tests +
Assignments +
Essays +
Reports +
Presentations +

=
whystudyeconomi


What skills will I learn?
•Written
•Analytical and problem solving
•Numerical and computing
•Presentation
•Research

•Communication
•Team working
•Political Awareness

whystudyeconomi


Economics alumni, what skills helped
you to get your current job?

whystudyeconomi

Source: Alumni Survey


What happens after University?
Of 3460 economics graduates….

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
Not available for employment or
unemployed
*Other jobs include IT, technical,
marketing, education, engineering
and legal.

whystudyeconomi

Source: HESA Destinations of Leavers from Higher Education 2006/7


And is there money in it?
Increase in earnings you can expect with a degree (compared to only having Alevels).

whystudyeconomi

Source: LFS Survey, ONS, 1994 - 2006


What will I do to earn all of this money?
Underwriting Assistant
Lecturer at Technological Institute of Patras
Terminal Stock Controller

Assistant Economist

Economic Advisor

Programme Manager: Fiscal Policy

Salesperson

Researcher

Director of Campaigns and Communications

Director of Finance and Corporate Governance
Logistics Manager

Partner in Accountancy Firm

CPD and Business Consultant
Relationships Director

Account Executive

Investment Banker
Expatriate Tax Manager

Internet and CRM Marketing Manager

Press Associate Director
System Analyst

Fixed-income Derivatives Trader

Credit Analyst

Sky1 Online Editor

Detective Superintendent

Theatre Storekeeper
Professor and Director

Environment and Climate Change Analyst

Army Officer Assistant Government Economist Assistant Statistician
European Regulatory Manager
Social Worker

whystudyeconomi

Source: Alumni Survey


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

whystudyeconomi


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

whystudyeconomi