Economics Visit Day March 2013

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Economics at the

University of Essex

Carlos Carrillo-Tudela

Visit DayWednesday 6 March 2013



Economics at the University of Essex

What is it like?

What is it all about?

What will you learn?

Where does it lead to? (careers)

Specifics:

– Entry qualifications

– Study Abroad

– Course structure

– Degree courses



What is it like?

New learning environment

– Learning styles

– Time schedule

Your responsibility

– Lectures and classes – Mastering material

Our responsibility

– Independence

– Feedback – Friendly environment

Fun

– Cosmopolitan, friendly societies, sports clubs,

Students’ Union, Sports Centre



EC111 – Introduction to Economics



What is it all about?

Everyday problems: how decision makers make choices and

respond to incentives, interactions among decision makers

Big and complex issues like: globalisation, climate change,

poverty Data analysis (statistics may lie but they can be revealing)

Open and inquisitive mind (challenge “conventional wisdom”)

Not as bleak as it looks…

“The theory of economics does not furnish a body of settled conclusions

immediately applicable to policy. It is a method rather than a doctrine, an

apparatus of the mind, a technique which helps its possessor to draw

correct conclusions.” (JM Keynes)



What will you learn?

How to analyse problems

How to formulate models – conceptualisation

How to analyse data – statistical inference

Critical evaluation, develop independent inquiry

– Formulate a question and research strategy, structure an

argument (supported by theory and data) to answer the

question

Communication skills – how to explain (clear, precise writing)

Essex Economics Student Journal (EESJ): US credit crunch

and sub-prime mortgage; outsourcing and wage inequality;

foreign aid and growth.



Our credentials

2001 QAA (Quality Agency for Higher Education) = 24/24 2001 RAE (In the top four economics departments in the UK) 2008 RAE (In the top three economics departments in the

UK)

Our research covers all major areas of economics.

We are particularly strong in

Labour Economics – Macro and Micro aspects. Economics of Networks and Game Theory Theoretical and applied econometrics Development Economics Experimental Economics



Employability

“70 per cent of employers require applicants to have

meaningful work experience”

Essex Economics Employability 70 per cent.

Faculty Employability Coordinator.

Internship Schemes

– Internal – Frontrunners

– External – Inspiring Internships: placements in local

employers

Workshops: building CV, mock interviews, entrepreneurship

workshops and employability seminars.

Career fairs and leadership courses.



Employability

Companies that have visited (are going to visit) Essex for

recruitment events during the academic year 2012/2013:

Barclays Capital

Bank of England

Bloomberg

Charles River Associate (Economic Consultancy)

Royal Bank of Scotland

Shell

European Bank of Reconstruction and Development



Where does it lead to?

Wide variety of career opportunities

– Finance, banking, insurance (actuaries), accounting

– Economic consultancies

– Government Economic Service (GES)

– Management trainees, then onto MBAs – Teaching and postgraduate studies

Citigroup, Amazon, Standard Chartered, Ohal, E-On, Civil

Service, Santander, Price Waterhouse Cooper, Nationwide,

Tesco group, Accenture Shell, Equity Direct, among others.

Further education at LSE, Essex, Warwick, Oxford,

Cambridge, among others.

Essex graduate Prof. Chris Pissarides, Nobel Prize winner.



Specifics: Entry qualifications

Our standard conditional offer is AAB - ABB at A-level

A-level Economics? Not required (but welcome)

A-level Mathematics? Not required (GCSE grade B is the

minimum)

What you do need:

– Good qualifications in academic subjects requiring

research and argumentation (eg history, languages,

social sciences, physical sciences)

A wide variety of qualifications are acceptable.

What we look for is evidence of sustained, intensive effort

and high academic achievement



Scholarships and Grants

50th Anniversary Scholarship: £500 that includes all 1st

year textbooks, £80 Waterstones vouchers and either (i) one

year Bronze sport passport and £100 to spent on campus

catering or (ii) one year Gold sport passport and £50 to spent

on campus catering.

University of Essex Financial Support: (i) University of

Essex Bursary Scheme, (ii) National Scholarship

Programme, (iii) Academic Excellence Scholarship, and

others.

Faculty of Social Science Master Scholarship: Covers the

tuition fee of an MA or MSc in Economics or other social

science subject (Government, Sociology) at Essex.



Study Abroad

The Study Abroad scheme is a great opportunity to learn from

other cultures and improve your employability skills.

Essex students can include a term or a year studying abroad

in their courses. The study abroad period after completing the 2nd year

courses.

We have over £70,000 worth of scholarships to help Essex

students to study abroad.

There are opportunities to study in Continental Europe, US

and Canada, Latin America, Asia, Australia and New Zealand



Course structure

First-year modules

– Introduction to Economics

– Introduction to Quantitative Economics (statistics)

– Methods of Economic Analysis

– An optional module (management, accounting, politics, languages,

history)

Second-year modules

– Intermediate Microeconomics and Macroeconomics

– Quantitative Methods:

– Introduction to Econometric Methods

– Mathematical Methods in Economics – An optional module (finance, management, international policy)

Final-year modules

– Final-year project (full-year research project)

– Optional modules.



Some optional modules offered in the final year

International Trade, Institutions and Policy

Economics of the European Union

Financial Instruments and Capital Markets

Financial Innovations and Monetary Policy

Market Structure and Strategic Behaviour

Economics of Organizational Management

Economics of Negotiations

Public Economics

Labour Economics

Environmental Economics



Variations

BA or BSc?

– Second-year quantitative methods modules optional for BA

BA/BSc Financial Economics, or Management Economics, or

International Economics

– Specialist subjects are required, rather than optional

BA Economics with French/German/Italian/Portuguese/Spanish

– Relevant language required each year

BA/BSc Economics (International/European Exchange)

– Four-year courses with a year abroad

Joint courses:

– Economics and Politics

– Philosophy, Politics and Economics

– History and Economics



Economics Key points

We provide a set of very strong and flexible degrees

schemes with the chances to study abroad and undertake

internships.

You will be taught by leading experts in their fields. Essex is

ranked 3rd best Economics Department in the UK in terms of

the quality of its faculty’s research.

Consistently over 90 per cent on student satisfaction.

Economics at Essex gives you the right set of skills that willallow you to get a graduate job.

Employability at 70 per cent.

Active and engaging group of international staff and

students.



Student Experience

“…I believe that my final year at Essex instilled a greater

interest in economics in me, which is of great benefit in my

current career” (BSc Economics ’08 )

To chat with one of our third year students Klaudia go to

Twitter:

https://twitter.com/KlaudiaEconStud

Good luck!







Essex Economics Society



What do we do?

• Academic talks given by lecturers and external speakers

• Careers events ( Presentations, networking events, etc.)

• Social events ( movie screenings, quiz nights, Christmas

dinner with Economics department, etc.)

• Trips ( Trip to New York, weekend in Warwick

Economics Summit, day trip to Bank of England, etc.)



Student experience

• Great academics

• Range of opportunities for personal

development

• Friendly and diverse community

• Variety of activities

• Fantastic nightlife

Documents

Economics Visit Day March 2013