Study Economics at a UK University

Economics in the UK?

Economics is a branch of the social sciences that deals with the production, distribution and consumption of goods and services. Economics aims to explain how economies work and how economic agents interact. Most major UK universities and many colleges have a department which offers Economics degrees.

Why Study Economics?

Studying Economics at a UK university will give you a great starting point for any career, because it gives you a totally new perspective on life. Economics teaches you how to think and will help you develop skills that can be applied to any career, including:

Analytical and problem-solving skills
Numerical and computing skills
Communication skills
Team-working skills
Political awareness

Why Study Economics at a UK University?

There are numerous very good reasons for choosing to study Economics at a UK university rather than elsewhere in the world. First of all, the UK has a longer history of university education than any other English-speaking country, with the oldest institutions dating back around one thousand years. This means that students of Economics at a UK university will have access to the best quality education available, with UK universities consistently ranking in the world top 100. Secondly, UK courses are very well-constructed, allowing the student to complete a Bachelors degree in three years (compared to four years in the US) and a Masters degree in one year (compared to two years in the US). What this means for the student is that graduates of an Economics degree from a UK university save huge and valuable amounts of both time and money.

Which Careers Require Economics?

After graduating from an Economics course at a UK university you will have a huge range of employment opportunities. In the private sector, professional economists are employed as consultants and in banking and finance. Graduates in Economics from a UK university also work for various government departments and agencies, for example, the national treasuries, central banks or bureaus of statistics. They also work in manufacturing, transport, communications, insurance, charitable institutions, investment and retail industries, to name but a few careers. In any profession, an employer will value an UK university Economics graduate’s decision-making abilities, their skills in analysis and research and their ability to view problems in both national and international contexts.