First of all, what is economics? Part of the social sciences group, economics explores the full spectrum of issues that impact on financial situations and decisions.
From production to consumption, economics looks at how the world’s resources are used by and distributed among individuals and organizations Macroeconomics is the study of how a country's economy works while trying to of goods and services it can buy, macroeconomics helps measure the effects .
This involves studying areas of politics, sociology, law, psychology, geography and history, at local and global levels.
Microeconomics: an introduction (online) | oxford university
Microeconomics looks at the behavior and interactions of individual agents, such as households, companies, buyers and sellers. Macroeconomics analyzes entire economies on a national or global scale, looking at issues such as unemployment, inflation, economic growth and monetary and fiscal policy.
What to expect from economics degreesEconomics degrees are typically taught as a mixture of lectures and seminars, with written assignments to be submitted to seminar tutors. Depending on the institution, your grades may be determined by examinations, through coursework assignments or through project reports.
As mentioned above, economics degrees can come in BA and BSc forms. The latter are likely to focus more on mathematics, statistical theory and techniques for the application of mathematics in economic theory. Of course a BA in Economics will still involve some mathematics, but usually combined with more qualitative modules, sometimes in related social sciences fields such as sociology and psychology.
Macroeconomics: an introduction (online) | oxford university
addClass("hpu-ad"); if (ad height === 1) jQuery(ad unit) Our undergraduate, Masters and PhD courses are structured to provide a solid foundation in economic principles while also allowing choice in order to appeal to .
hide(); , 550); ); ); Whether classed as a BA or BSc, economics degrees require students to combine economic theory with empirical investigation, using statistical techniques to investigate questions in public policy and the business/financial fields.
As such, applicants should have an aptitude for numbers and IT along with an ability to analyze problems and an enthusiasm for understanding current affairs and the world around you. Economics is also often offered as part of a joint or combined honors degree, paired with subjects including computer science, engineering, history, law, sociology, management, mathematics, modern languages and politics.
Economics degrees will start by introducing students to core economics topics such as microeconomic theory, macroeconomic theory and econometrics (applying mathematics, statistical methods and computer science to economic data). Other core modules may include mathematics, statistics, history of economic theory and applied economics. Further on, students have the opportunity to choose areas of economics in which to specialize.
The variety of options available will vary depending on the institution, but some economics topics you may come across include:Development economicsThe study of economics in developing nations, development economics (or the economics of development) uses economic theory to look at ways of promoting economic growth, increasing employment, understanding inequalities and improving wealth distribution.
Open economy macroeconomics - de montfort university
Development economics is an ideal specialization for those interested in studying the challenges posed by persistent world poverty, the ongoing concerns about poverty-related issues being focused on by international organizations, and how the tools of economics can be used to address some of these challenges Looking at the foundations of microeconomics and macroeconomics and their application to new Prospective students without the necessary prerequisites should apply for our They include preliminary courses in mathematical and statistical techniques, which For more information, please see the College Fees Policy..
You may also choose to focus on development economics within a specific world region.
Organizational behaviorAn increasingly prominent field of research, organizational behavior is the study of how individuals behave within an organization, and how workplace behavior can be influenced, with the aim of contributing to the development of principles of effective communication, problem-solving and decision making. An integrated social science subject, organizational behavior draws on insights from a variety of fields including management theory, social psychology, sociology, anthropology and communication studies.
Students specializing in organizational behavior will examine different theories and case studies, for example analyzing different motivational strategies, organizational structures and approaches to workforce diversity. Labor economicsAlso referred to as the economics of labor, labor economics involves analyzing both micro- and macro- level factors to understand the behavior of labor markets, and develop solutions to challenges such as high unemployment or skills supply shortage. Core factors within labor economics include employment rates, salaries and minimum wages, worker efficiency, supply and demand of both goods and services, education levels, international trade and globalization, hiring practices and relevant legislation.
Science economicsThe economics of science, or science economics, is the study of how the scientific and technological sectors interact with the economy in various ways.
Specializing in science economics will mean becoming familiar with basic approaches to conducting scientific research, and different types of organization involved in funding and facilitating research – including private investors, governments, and national and international institutions Being an undergraduate in Economics is exciting, challenging and rewarding! Here you can find out how to apply for our BSc programmes and Affiliate .
This field also examines the importance of science education and research for both economies and individuals. Urban economicsSpecialize in urban economics and you’ll use economic models to study cities and their development.
This involves applying economic methodology to policy-relevant issues such as housing, land-use, sprawl, segregation, crime and education. You’ll look at the incorporation of space into economic models, and focus on solving and interpreting economic models to gain an understanding of how to assess the models and how they apply to the economy as a whole.
Information economicsInformation economics explores the information asymmetry often found in mutual agreement situations between two economic agents; one agent invariably has more information about a characteristic that is relevant to the agreement than the other. You’ll look at how agents deal with this asymmetry by designing incentives and embedding them in contracts, and study the effects of this asymmetry on the prevailing market equilibrium. Applications of the theory will include other economic strands such as insurance, labor economics, industrial economics and environmental economics.
Other economics topics you may choose to specialize in include:Education economics, where you’ll learn how to apply economics to the analysis of education policyGrowth economics, where you can study the determinants of economic growth and attempt to explain the disparity of income levels across countriesExperimental economics, a small field of research which covers experimental techniques as well as applications that are being carried out in economics researchRegulation economics, which looks at the development of government policy and analyses government intervention in the industrial and commercial sectors of the economyEconomics of tax policy, which looks at systems and methods relating to taxation, including the key behavioral effects of taxes on factors such as consumer spending, labor supply, saving and investmentGame Theory, which aims to provide an intellectual framework with which to analyze the behavior of economic agents when motivated by strategic considerationsIf none of the above take your fancy, yet more options include: agricultural economics, contemporary economic issues, crime economics, economic forecasting, health economics, industrial economics, international economics, managerial economics, natural resource economics – and a whole host of other possible specializations and combinations.
Economics careersEconomics is an expansive field, and it is usual to graduate from your economics degree with a broad set of transferable skills that will put you in good employment stead – whether you want to pursue specific economics careers or take a broader approach This course provides a detailed introduction to microeconomics. on the course to other online courses such as Globalisation, the New Economic Powers to have regular access to the Internet and you will need to buy the following book: was appointed as a Teaching Fellow in Economics at University College London..
While being a professional economist might be the number one choice for those most passionate about the subject, there are several other economics-related and economics-friendly careers to choose from. EconomistAn economist is someone who researches and analyzes economic trends, issues and data and produces forecasts and reports from an economic perspective.
They may then use this information as a basis for advising clients such as companies, financial institutions and public bodies so they can form economic policies or strategies. As an economist you will spend your days collecting and interpreting data, spotting and forecasting trends and creating reports to showcase the data.
You are likely to use specialist software and advanced methods in statistical analysis. Most professional economist jobs require at least a master’s level degree. Economic consultancy careersAlthough similar to the role of an economist, economic consultancy careers are based on providing advice to individual businesses and organizations.
Consultants are hired on a case-by-case basis to analyze the organization’s economic status and propose plans to help improve and change their existing programs.
Course catalogue - topics in macroeconomics (ecnm10069)
You may also work for international organizations such as the United Nations, aid agencies and non-governmental organizations, think tanks or policy institutes.
Many management and social research consultancies may also employ specialists able to focus on economic analysis School, School of Economics, College, College of Humanities and Social Science This MUST INCLUDE courses in both Macroeconomics and Microeconomics. We will Communication skills in order to critique, create and communicate .
Financial analyst careersA variety of different roles fall within the category of financial analyst careers, all based on being able to research and analyze financial information and present this information to help various clients and managers make decisions. Investment analysts help clients manage investment portfolios, while financial analysts gather research on financial institutions such as banks and insurance companies.
Meanwhile, a financial risk analyst will identify and analyze areas of potential risk that threaten the assets, earning capacity or success of organizations (also called risk managers, technicians or surveyors). Each of these roles is likely to involve spending time keeping up with financial press, using online sources, designing spreadsheet-based models, liaising with clients and managing the research project from conception to delivery. Accountancy careersThe knowledge gained from an economics degree could also be transferred into a range of accountancy careers.
Chartered accountants provide trustworthy information about financial records, provide professional advice and ultimately maximize profitability for their clients.
Course: econ102: principles of macroeconomics - saylor academy
Chartered public finance accountants also do a similar job, but their clients are within public sector organizations such as local and central government Lecture: Supply and demand; Markets and macroeconomics; The theory of to have regular access to the Internet and you will need to buy the following book: Coursework is an integral part of all online courses and everyone enrolled will be appointed as a Teaching Fellow in Economics at University College London..
As such, they aim to ensure public services are provided as effectively as possible with the limited resources available.
The role also varies widely from general financial administration to management consulting. Accountancy careers involve financial reporting, taxation, auditing, financial accounting, corporate finance, business recovery and insolvency and accounting systems and processes.
Statistician careersIf you enjoyed your mathematics modules, you might be interested in statistician careers. You’ll use mathematical techniques and software to collect, analyze and interpret data and communicate the results to your client. You’ll have to make sure that the complex statistical concepts you will be working with are explained in a way the client can understand and advise them on their strategy.
Working in a range of sectors such as health, education, government, finance, environment, transportation and market research, you will often be working in teams, usually including professionals from other disciplines and will need strong analytical, IT, interpersonal and communication skills.
Economics (msc) — birkbeck, university of london
Other career paths include roles in auditing, business intelligence, economic planning, insurance, international development, management, market research, poverty reduction, retail merchandising, statistics, social research, tax, human resource management, IT, journalism, law, PR, politics, sales or entrepreneurship The course provides an introduction to macroeconomics. Coursework: Students are required to deliver a group presentation on the final day of the course..