Economics And Management Oxford Personal Statement
Economics and Management are ideal intellectual partners, each particularly fitted to strengthen and cross-fertilise the other. Economics and Management at Oxford University Watch on Economics is the study of how consumers, firms and governments make decisions that together determine how resources are allocated.
Economics (/ˌɛkəˈnɒmɪks, ˌiːkə-/) is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics is a field which analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements.
To help you get into your university of choice, in this case Oxford, here is an example of a personal statement to study Economics: Having always had a keen interest in Mathematics at secondary school moving on to A Levels gave me the chance to develop my knowledge further and pick up the study of Economics alongside Mathematics and Statistics.
Economics and Management/Economics Personal Statement Example It seems that applying economics can elucidate any subject. Just one example of a problem facing the world is the tide of war-displaced refugees making their way to Europe. They risk their lives for the opportunities of our economic system.