Ignite your career with economics
Modern economics owes a lot to the UK, both in terms of how it is used in the real world and how it is taught around the world. So, if you want to learn how and why money makes the world go round, there’s no better place to start your studies and get your career off the ground.
A unique economic history
The UK has a long history of analysing markets that goes back hundreds of years, but Adam Smith, a Scottish thinker, is most often given credit for starting the modern field of economics. Since Smith, a lot of other theorists, like Friedrich Engels, Karl Marx, and John Maynard Keynes, the champion of free-market, hands-off economics, were either born in the UK or got ideas from it.
Today, if you live in the UK and study economics, you can pick up where you left off, and it can be the start of a very interesting career. Economics is important in almost every part of our lives, and a good understanding of how people, companies, and countries think about and control their wealth can be very helpful to many employers.
From how money moves through global systems to how people make spending decisions, our academic thinking and economic history, as well as the fact that we have the fifth largest economy in the world, help make sure that UK economics graduates are always in high demand.
World-class teaching from day one
If you want to learn about economics from the best teachers, you can find a lot of them here in the UK. We have the London School of Economics and Political Science, the University of Oxford, and the University of Cambridge, which are three of the best economics schools in the world.
More than 100 universities offer more than 1,200 courses, so it won’t be hard for you to find a place that will help your career.
You won’t just learn about old ideas; you’ll also help come up with new ones. Many of our universities have good reputations around the world in important areas of modern economic research. This means that you will be taught by people who are shaping the next generation of ideas. Since economics is becoming more global and interconnected, international perspectives are more important than ever. When you join a debate, your voice and opinions will be highly valued.
What to expect
Microeconomics and macroeconomics
In most economics degrees, students learn about both small and big economies. Microeconomics is the study of how people, groups, and businesses use their money. Macroeconomics is the study of how economies as a whole work. So when you’re done, you’ll know a lot about economics on a wide range of scales, from the biggest to the smallest.
History of economic thought
You’ll look closely at how economic ideas have changed over time and how that has affected how governments, businesses, and other groups work. From the most important thinkers to the most important events, you’ll know a lot about how economics got to where it is now. This will set you up well for a career that helps to move it forward.
Behavioural economics
One important part of your studies will be how people make decisions about money. When modelling and theorising about systems, the psychology of spending can be very important. This means that you’ll have to think about all of the social and personal implications of economics, from game theory to welfare and consumer choice.
Get the skills you need to excel
You’ll be able to learn a wide range of transferable skills, such as analysis, statistics, research, and presentation. These are the kinds of skills that employers are looking for and that you can use anywhere in the world.
Popular careers for economics graduates include:
- Actuarial analyst
- Chartered accountant
- Compliance officer
- Data analyst
- Economist
- External auditor
- Financial risk analyst
- Investment analyst
- Political risk analyst
- Risk manager
- Statistician
- Stockbroker
Follow in some prestigious footsteps
The UK has a long history of educating world leaders, and many of them choose to study economics. Since many economics degrees cover topics like social policy and financial markets, they can lead to the best jobs. So really, there is no limit to what you can do.
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