Presentation on theme: "Whystudyeconomics.ac.uk University decisions? What about Economics?"— Presentation 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, 3 rd 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, thats it. You dont need an A-level in economics. You dont 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 dont 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 Manager Expatriate Tax Manager CPD and Business Consultant Researcher 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