Economics plays a role in our everyday life. Studying economics enables us to understand past, future, and current models, and apply them to societies, governments, businesses, and individuals.
If you wish to study Economics in the UK, there are many opportunities available for you. The Economic Department of the UK is one of the most respected and renowned departments all over the world. It has a very good reputation among students who have already graduated from it. There are many reasons to study economics abroad, but there is one factor that trumps them all: job prospects. Studying economics in the UK can help you gain an understanding of how economies work and give you the skills needed to succeed in today’s global economy.
What is economics?
Money makes the world go around. It plays a big part in politics, society, law, geography, and almost everything else in life. Understanding how people, companies, and countries control their money is one of the most valuable skills for any employer. But, economics is much more than pounds and dollars. It’s a fascinating study of psychology, of why people make the decisions they make, and how resources are spread out around the world. Economics is studied in two main strands:
- Microeconomics is the study of how individual parties (people, groups, and businesses) use their wealth.
- Macroeconomics looks at entire economies. The unemployment, inflation, and monetary challenges of cities, countries, and continents.
Economist average salary in the United Kingdom, 2021
The average economist salary in the United Kingdom is £37,410 per year. Entry-level positions start at £26,000 per year while most experienced workers make up to £63,000 per year.
What can you do with an Economics degree?
An economics degree can lead to hundreds of different careers, with the most common being:
- economist
- accountant
- business analyst
- management consultant
It will also put you in good stead for a career as:
- actuary
- policy officer
- banker
- political adviser
- business development
- data scientist
UK Universities for Economics:
| · Aston University |
| · Bournemouth University |
| · Cardiff Metropolitan University |
| · City University London |
| · Coventry University |
| · De Montfort University |
| · Heriot-Watt University |
| · Manchester Metropolitan University |
| · Newcastle University |
| · Queen University Belfast |
| · Swansea University |
| · University of Bradford |
| · University of Dundee |
| · University of Hull |
| · University of East Anglia |
| · University of Greenwich |
| · University of Huddersfield |
| · University of Leeds |
| · University of Lincoln |
| · University of Manchester |
| · University of Northampton |
| · University of Portsmouth |
| · University of Southampton |
| · University of Stirling |
| · University of Strathclyde |
| · University of Sussex |
| · University of York |
As the world’s third-largest economy, the UK is a popular study abroad destination. This article has covered some of the information on why you should consider studying the economy in the UK. If you are looking to apply for an undergraduate or postgraduate program, then get in touch with us at TCL Global limited today. We can help you prepare your application and find the right university for your needs!
Interested to study Economics in UK? Register here to get advice from our Education experts and start your dream make into reality in the UK today.