The global economy has been wildly in flux for a number of years now. Getting a handle on it at an early stage could benefit a person enormously when they come to venture into the world of business. Knowledge of economic principles, theories and issues and their application would be valuable in any job in the public or private sector, but a number of careers are particularly well supported by such knowledge. These include roles like government economist, insolvency case officer, junior management consultant, financial services portfolio manager, trainee commercial analyst, junior financial advisor, teacher, risk analyst and junior investment manager.
How a degree can help
In-depth knowledge of economics can be gained by completing a valuable economics degree, which will set students on a well-informed path into the world of business. Students explore the effects that social issues and business have on the world economy, and if they study in London, they get a front-row view of the elements underpinning the global economy from one of the world’s financial capitals.
Explore economic principles and the causes of economic change
An economics degree introduces students to concepts behind economics and techniques of microeconomic analysis. At the same time, students look at market change, contemporary issues such as sustainable economics, allocation of resources, causes of economic change and other issues and problems faced by different societies. The laws that govern business and in particular, companies, are explored. Students undertake supervised economic research using economics degree research methods as part of an Economics Project. They also delve into what effect the EU has on the global economy, applying economic analysis of regional integration to the EU and its development, and specifically to EU policies on agriculture, competition, fisheries and the environment. Other modules include Computer Systems, Accounting, Management Accounting, Business Organisation and Policy, Economics of Government Policies and Corporate Financial Management. Students also look at Microeconomic Theory, looking at basic elements in the economy, including individual agents and markets and their interactions, and Macroeconomic Theory, looking at the entire economy and the issues affecting it.
The global economy: a changeable place
The global economy, and the opportunities and threats it faces, is a very relevant topic right now. There are still concerns that recovery following the economic crisis is not robust or fast enough. An economics degree can help make sense of this, and make a person better equipped to cope successfully in a very changeable and unpredictable environment.