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 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 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 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 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 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 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 [...]... 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…... 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... 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