School of Social & International Studies /SSIS/
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You are here: School of Social and International Studies 2012 Academic Divisions Economics Undergraduate Courses Studying Economics Is Economics the right subject for you?
Academic Divisions
If you are interested in economics and policy debates then your degree will be made easier.
Economics
is an analytical subject, so the ability to think logically and
clearly, together with an interest in what drives the world and how and
why decisions are made is helpful.
Economists are in demand by employers for being able to analyse a
situation, weigh up the evidence and draw various conclusions for
action. These are important skills, useful in a range of roles in the
public, private and voluntary sectors.
So, if you have an
interest in current affairs and government policy or in what makes
businesses successful and you have an analytical and enquiring mind then
you should consider seriously a degree in economics!
We all make economic decisions every day of our lives.
Studying economics will enable you to understand the decisions of households, firms and governments based on human behaviour, beliefs, structure, constraints and need.
Economics provides you with the knowledge and insight necessary to understand the impact of developments in business, society and the world economy. Studying economics allows you to go onto work or further study either as an economist or in the field of business.
In contrast, studying business alone does not offer you the same opportunities. In other words, studying economics offers you the platform to apply your skills to areas of business, politics, social policy and beyond.
Information gathered by HESA on the mean salaries of full-time, first degree graduates entering either employment or self-employment indicates that average starting salaries for economists are the 4th highest at £24,466 compared to £20,059 for business studies in 22nd place.
Also, these are
£8,000 more than non-graduates for economists, compared to only £4,500
more for business studies graduates.
Hence, economics graduates are well remunerated both in comparison to other subjects and non-graduates.
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