There are lots of reasons why you should study economics. First, it’s a valuable degree that can set you up for many different careers and teaches you skills that will serve you well throughout your life.
But beyond that, something about the study of economics makes it such a compelling subject. The field is constantly changing, and new information is always coming out about how different economies work and what changes we can make to improve them.
Economics is a field of inquiry under social science. Its subject matter tackles the core principles of goods and services.
The following will be the focal discourse of this study:
It aims to understand how people make decisions to allocate limited resources. Students who pursue this study go on to work in business, government, and non-profit organizations.
Whether you are into math or not, you can learn and improve what you know. You may also check the list of schools below or visit https://www.immerse.education/economics-summer-school/ for more information.
University of Cambridge
The University of Cambridge is “ne plus ultra” among the top-notch universities in the world. So, its Department of Economics is no exception.
One reason the University of Cambridge is such an excellent choice for students interested in economics is that it offers many degrees that focus on economics. In addition, you can choose from various other programs based on your interests and career goals.
For example, suppose you want to become an economist or research how economies work. In that case, several bachelor’s degrees available at Cambridge will help prepare you for this career path.
Another reason this university may be a good choice for students interested in economics is that it has some excellent facilities for studying this subject area, including state-of-the-art equipment and high-quality libraries with lots of resources available for students.
You don’t need to be an expert on all things economics either because plenty of resources are available at Cambridge, such as seminars where experts come together to discuss topics related to their field.
So even if you’re starting on this journey toward becoming an economist, plenty of people will help you along the way.
University of Oxford
The University of Oxford is one of the most prestigious universities in the world. It was founded in 1167, making it one of the oldest universities in the world. So if you’re interested in economics, it’s a great choice.
Oxford has a strong focus on research and teaching. It is also considered an institution that attracts some of the brightest minds worldwide. Its alums are arguably some of the most influential people on earth.
The university offers many courses related to economics, such as:
- financial economics
- quantitative economics
Some of the most renowned professors teach these courses in their field: they have won awards for their work and have been published extensively in academic journals.
The course structure at Oxford is very flexible; each module has its requirements so you can study what interests you most without having to take too much time learning things that aren’t relevant to your studies or career aspirations.
London School of Economics and Political Science
London School of Economics and Political Science is one of the A-list universities in the UK.
It is pretty much the top choice for its strong reputation for economics. However, the university has been ranked 5th in the world. It became 1st in the UK for its academic performance.
The school offers courses in the arts and sciences and law and social sciences.
The school also offers various undergraduate degrees in economics, management, politics, philosophy, history, sociology, and more.
Students can also study for a joint degree with other institutions, including Imperial College London or King’s College London.
The university has an international student population of over 15% from over 130 different countries worldwide, making it one of the most diverse institutions in the country.
University College London
The University of London offers a variety of programs that cater to students interested in economics.
One of its most popular courses is the Bachelor of Science Economics program, which gives students an in-depth understanding of economic theory and teaches them how to apply it to real-world situations.
The program covers macroeconomics, microeconomics, international economics, industrial organization and competition policy, and public finance.
Students also learn about statistics, mathematics, and econometrics to prepare for future careers as economists.
Since UCL is part of The University of London, students can access over 200-degree programs from all other colleges within this system.
If you still need to decide what to study but know that economics is your passion, you can still pursue this degree without starting from scratch when it comes time for graduation.
University of St. Andrews
The University of St. Andrews is a prestigious private university located in Scotland. The university was founded by King Henry VI in 1411 and is the oldest in Scotland.
It also has an excellent reputation for offering outstanding academic programs and facilities.
The university’s School of Economics and Finance offers a wide range of banking, finance, and economics courses.
These courses are taught by some of the best academics in their fields. The majority are those who have helped produce many successful alums who now work in top companies across the globe.
In addition, there are also numerous opportunities for students at this university to participate in research projects with professors or other staff members through their departments or organizations, such as The International Growth Centre (IGC).
University of Glasgow
It was founded in 1451, making it one of the oldest universities in Europe. It offers a wide range of courses in many subjects, but its economics program is one of its most popular.
It has a solid reputation for its research. It offers an undergraduate degree in Economics specializing in International Business and a Masters’s program in Economics and Finance.
Employers highly regard both programs, and graduates often go on to work for major companies such as Shell Oil, McKinsey & Company, and JP Morgan Chase.
Durham University is a world-class university with a strong emphasis on research and teaching.
The school has an undergraduate population of over 17,000 and offers more than 200 undergraduate degree programs.
At Durham, you’ll find a vibrant campus life with plenty of opportunities for student involvement in clubs and activities.
The Department of Economics at Durham University is one of the oldest in the UK and has been ranked top ten in the world by QS World University Rankings by Subject for several years.
Below is a quick list of the wide range of courses that it offers
- econometrics and finance
- international economics and development economics
- economic history
- monetary economics
- econometric theory
- quantitative methods in economics
- economic systems analysis
- applied macroeconomics
- political economy (with an emphasis on developing countries)
- economic geography (with a focus on environmental policy)
- economic history (with a focus on Europe)
- social approach (with a focus on welfare state issues)
Economists view the world differently than most people, seeing things as complicated systems rather than individual parts. This makes them uniquely qualified to solve problems in fields like politics and business or areas that significantly impact society.
So if you are planning on pursuing a degree in Economics, you should check the eight universities listed above. All eight universities have a variety of strengths, including top-notch economics programs, excellent career support, and world-class sports teams.
The conclusion would depend on what you’re looking for in a university and how you want to shape your academic future.
Here’s a quick tip: LSE would be a suitable match if a solid degree in economics is your primary concern.
If your goal is to build connections and gain experience with internationally acclaimed institutions, then Oxford would work out better.
So, weighing all the options before deciding where to base yourself for college in the UK is best.