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Economics at Kent Professor Alan Carruth. KentPage 2 What is Economics? the branch of social science that studies the allocation and distribution.

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Presentation on theme: "Economics at Kent Professor Alan Carruth. KentPage 2 What is Economics? the branch of social science that studies the allocation and distribution."— Presentation transcript:

1 Economics at Kent Professor Alan Carruth

2 Economics @ KentPage 2 What is Economics? the branch of social science that studies the allocation and distribution of goods and services it tackles the issues of scarcity and choice is a way of thinking about the world in a structured and analytical way enables you to make informed decisions about your future

3 Economics @ KentPage 3 What is Economics? Economics is usually divided into two main branches: o Microeconomics examines the economic behaviour of individuals, households and businesses o Macroeconomics examines an economy as a whole with a view to understanding the business cycle, economic growth, inflation, unemployment and policy making

4 Economics @ KentPage 4 What is Economics? Economics can also be divided into numerous sub- disciplines such as: o international economics o monetary economics o development economics o industrial economics o public economics o labour economics o environmental economics

5 Economics @ KentPage 5 Why Study Economics? Economics asks interesting & important questions Economics is a prestigious discipline Economists get good jobs and are paid well Economics develops many important skills o Logical, analytical & critical thinking o Written & oral communication skills o Numeracy & problem solving o Quantitative & IT skills

6 Economics @ KentPage 6 What do Economists do? Construct theoretical models to analyse complex behaviour Devise methods and procedures for obtaining useful, informative data Analyse data to test the effectiveness of current policies, products or services Evaluate past and present economic issues and trends Create mathematical modelling techniques to develop forecasts

7 Economics @ KentPage 7 What do Economists do? Write about economic trends and forecasts to inform the press and public Produce numerical and non-numerical written reports Conduct oral and visual presentations which recipients must be able to understand thoroughly in order to make decisions Advise on the suitability of alternative courses of action

8 Economics @ KentPage 8 Which Economics Degree? Single Honours Degrees o Economics, Economics with Econometrics, o Financial Economics, o International Economics, o Industrial Economics, o Economics with a foreign language Joint Honours Degrees o Economics &... o Mathematics, Accounting, Politics, Business, Law, Philosophy, Sociology, Anthropology

9 Economics @ KentPage 9 Economics Graduates & Careers Economic Analysis o Private Consultancy o Local & Central Government (GES) Financial Services Management Consultancy Public Administration Journalism Forecasting & Statistics

10 Economics @ KentPage 10 Earnings Premia over 2 A-levels by Degree Subject, 1994–2006

11 Economics @ KentPage 11 Why Study Economics at Kent? What our peers think of us: o QAA Subject Review of Teaching and Learning in 2001 - Score of 23/24, rated Excellent o Successful internal quality review in 2005 o Ranked 16th in 2008 Research Assessment Exercise (RAE) with 75% of research rated Internationally Excellent What employers think of us o Our graduates get good jobs or entry onto high quality postgraduate programmes o 75% in employment and 20% to postgraduate studies from 2008 cohort of graduates

12 Economics @ KentPage 12 Why Study Economics at Kent? What our students and others think of us o Department ranked 3 rd in 2009 National Students Survey o Rated “excellent” by Sunday Times University Guide 2008 o League table position in 2010 University Guides o Times: 16 th o Guardian: 20 th o Increasing applications: +65% for 2009 entry

13 Economics @ KentPage 13 What Our Students Say About Us Many of the lecturers clearly have in-depth knowledge of their field of expertise. By this I mean that they can very often offer actual examples to highlight theory. The level of help from lecturers when needed is very good. Always plenty of resources available. Teaching techniques are very effective. IT resources and communication within the course via such resources have been exemplary. Thus, contact with staff is made with ease.

14 Economics @ KentPage 14 What Our Students Say About Us My lecturers were also available to help with any problems. Help from lecturers after-hours has been extremely good and helpful. Course is pretty well structured (most of the modules) and the lecturers are really enthusiastic about the subject and the stuff they teach. Third year was taught by professors passionate about their subjects, knowledgeable in these subjects and helpful.

15 Economics @ KentPage 15 What Our Peers Say About Us In the 2001 Subject Review, we were highly commended for: o our high-quality teaching, informed by staff research o the approachability of academic and support staff o the up-to-date content of our degree programmes o the wide choice of final year modules o the impressive first destinations of our graduates o the encouragement of independent student learning o the quality of the constructive feedback that students receive o the excellent computing facilities and extensive access

16 Economics @ KentPage 16 The Department 22 full-time academics + Support Staff, Teaching Assistants, Visiting Scholars Around 170 undergraduate students each year Around 35 graduate students each year Excellent support facilities in an attractive environment

17 Economics @ KentPage 17 The Degree Programmes Single Honours Programmes (BSc) o Economics o Financial Economics o Economics/Financial Economics with Econometrics o Economics with Computing o Economics with a year in industry European Programmes (BSc) o 4 year Single Honours Programmes o Include a year studying economics in France, Germany, Spain or Greece o Programmes may lead to a further qualification

18 Economics @ KentPage 18 The Degree Programmes Joint Honours Programmes (BA) o Economics and Business o Economics and Politics o Economics and Sociology o Law and Economics o Accounting & Finance and Economics o Social Anthropology and Economics

19 Economics @ KentPage 19 The Degree Structure (Single Honours) Year 1 (Level C): Introduction (120 Credits) o Compulsory Modules (60 Credits): o Introductory Economics A or B (30 Credits) o Mathematics for Economists A or B (15 Credits) o Statistics for Economists (15 Credits) o Option Modules (60 Credits): o Contemporary European Economy (15 credits) o Strategy and Games (15 credits) o Choice of modules from other Social Sciences, Languages, Computing etc

20 Economics @ KentPage 20 The Degree Structure (Single Honours) Year 2 (Level I) :Theory & Application (120 Credits) o Compulsory Modules (90 Credits): o Intermediate Macroeconomics (30 credits) o Intermediate Microeconomics (30 credits) o Quantitative Economics (30 credits) o Specialist modules (30 credits): o Policy Analysis (15 credits) o Financial Analysis (15 credits) o The Public Sector (15 credits) o Environmental Economics, Institutions & Policy (15 credits) o Language (30 credits)

21 Economics @ KentPage 21 The Degree Structure (Single Honours) Year 3/4 (Level H): Specialisation (120 Credits) o Compulsory Modules (up to 30 Credits): o Dissertation (30 credits) or o Extended Essay (15 credits) &/or o Applied Economics Project (15 credits) o Optional Specialist Modules (90 credits) o Wide choice of specialist modules available

22 Economics @ KentPage 22 Specialist Economics Modules Development Economics International Finance International Trade Public Economics I: Public Finance Public Economics II: Public Expenditure Economics of Finance I Economics of Finance II

23 Economics @ KentPage 23 Specialist Economics Modules Economic Integration in the EU Environmental Economics Industrial Economics Education, Skills and Earnings Games for Economics and Business Econometrics I: Foundations of Econometric Theory Econometrics II: Topics in Time Series

24 Economics @ KentPage 24 Admissions Requirements Typical Entry Requirements o 320 UCAS Tariff points (equivalent to ABB) o International Baccalaureate of at least 34 points o European Baccalaureate of at least 75 points Required Subjects o GCSE Mathematics Higher level grade B o European Programmes require relevant language skills o Single Honours Programmes with Econometrics require A level Mathematics grade B

25 Economics @ KentPage 25 Scholarships Additional to eligibility for bursaries or other university scholarships Award of £1000 per academic year Eligibility o Applicants should have attained, or be expected to attain, a minimum of 340 tariff points (or equivalent). Application o Submission of an essay of 1,000 words on; 'The Value of an Economics Degree' o Performance at interview

26 Postgraduate programmes MSc programmes  Economics  Economics and Econometrics  Economics and Finance  International Finance and Development  International Development  Applied Environmental Economics  Agricultural Economics  All programmes involve 8 taught modules plus a Dissertation over 12 months  Entry requirements: good first degree in Economics (or related subject) PhD programme  Advanced coursework and thesis over 36 months  Entry requirement: masters degree in Economics Economics @ KentPage 26

27 Economics @ KentPage 27 Staff Members to Contact Acting Head of School o Professor Alan Carruth o Tel: 01227 827449 o Email: Undergraduate Admissions Officer o Dr Alastair Bailey o Tel: 01227 824092 o Email:

28 Economics @ KentPage 28 Further Information

29 Economics @ KentPage 29 Summary – What Economics at Kent Can Do For You! Excellent Facilities and a High Quality Learning Environment Flexibility in Programmes of Study Excellent Future Opportunities

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