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Guide to Studying Economics
What is Economics?
- Economics is not the study of how to make money. It is the social science of which factors determine the production and distribution goods and services in a consumer, capitalist society.
- The word is Ancient Greek in heritage, from the words for "house" and "laws". Economics are the standard house rules in a production society. It is also a shortening of "economic science".
Why study Economics?
- Economics is a degree that, in such a crowded and unforgiving job market, has a very good graduate to jobs ratio. In our subject rankings, all of the top 10 institutions have 80% or higher in Graduate Prospects.
- Economics effects everything in our lives - what we earn, how we work, where we learn, what we eat; the list goes on and on. An understanding of price, supply and demand can only be beneficial.
- Economics is a good degree to run as a joint or combined degree. Law and Economics is a common combo, while PPE - Politics, Philosophy, Economics - was the subject of choice for Prime Minister David Cameron.
- Economics has an impact on all walks of life and true to form universities offer a large variety of modules to reflect this. You could be studying anything from public policy to environmental economics.
- Economics has some of the lowest contact hour levels of any subject at UK universities. This may put you off, but if you like independence and working on your own projects, then it should be a big boon.
Coursework, assessment and exams
- At most universities where you study a full time, three year course, each year is divided into two semesters with exams at the end of each semester.Second year makes up 40% of the total degree, with 60% in the final year. Dissertations are standard in final year.
What degree can I get?
- BA Accounting and Economics
- BA Economics and Finance
- BA Politics, Philosophy and Economics
- BA Economics with a foreign language
What qualifications do I need?
- Requirements vary between each institution. An A Level in Maths is normally required.
- Always confirm the entry requirements for the particular university/course you are interested in.
Use our Course Chooser to search through Economics courses.
What are the postgraduate opportunities?
- There is an exciting range of taught MAs and research degrees at postgraduate level.
- Examples include a straight MA in Economics, as well as an MSc in Accounting and Financial Economics, Computer Science with Internet Economics, Applied Econometrics, and Development Economics.
*Professional employment refers to a job or occupation which normally requires a degree.
**Non-professional employment refers to a job or occupation which doesn't normally require a degree.
What are the job opportunities?
- Economics degrees teach students valuable transferable skills, such as presentation, research and communication, as well as how to deal with facts and figures that change every single day.
- Particular job areas include chartered accountant, economist, risk analyst, investment banking, statistics, actuary work, civil service, diplomatic services, local and national government, and quantity surveyor.
- Numerous companies offer graduate schemes in this subject, such as the Wellcome Trust.
Next page: What is Economics?