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University decisions? What about Economics?

University decisions? What about Economics?. What is economics? . “Economics is concerned with how society sets about meeting people's demands for things they want to consume.

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University decisions? What about Economics?

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  1. University decisions? What about Economics?

  2. 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

  3. Where does Economics fit? Economics and….. • Maths • Politics • French • Finance • Geography • Philosophy Or, just Economics.

  4. 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

  5. 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

  6. What do I need? At least 140 UCAS points

  7. 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.

  8. 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.

  9. 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

  10. 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. Module Options • Money and Finance • Development Economics • Business Economics • Environmental Economics • International Economics • Political and Social Economics • Health Economics

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

  12. What skills will I learn? • Written • Analytical and problem solving • Numerical and computing • Presentation • Research • Communication • Team working • Political Awareness

  13. Economics alumni, what skills helped you to get your current job? Source: Alumni Survey

  14. 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 What happens after University? Of 3460 economics graduates…. *Other jobs include IT, technical, marketing, education, engineering and legal. Source: HESA Destinations of Leavers from Higher Education 2006/7

  15. 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

  16. What will I do to earn all of this money? Economic Advisor Underwriting Assistant Programme Manager: Fiscal Policy Lecturer at Technological Institute of Patras Fixed-income Derivatives Trader Terminal Stock Controller Salesperson Assistant Economist Partner in Accountancy Firm Researcher CPD and Business Consultant Director of Campaigns and Communications Relationships Director Account Executive Director of Finance and Corporate Governance Investment Banker Logistics Manager Internet and CRM Marketing Manager Expatriate Tax Manager Press Associate Director Credit Analyst Theatre Storekeeper System Analyst Sky1 Online Editor Professor and Director Detective Superintendent Environment and Climate Change Analyst Army Officer Assistant Statistician Assistant Government Economist European Regulatory Manager Social Worker Source: Alumni Survey

  17. 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

  18. 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

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