Economics Personal Statement Examples
Example Economics Personal Statement
My wish to study economics has grown out of an increasing interest in current affairs in the media, and my growing sense that most things in the public world come down to considerations of finance. I am deeply interested in how the world “works”, and the way that politics is so deeply intermeshed with economic realities and the availability of resources. Economics is intriguing because it offers ways of predicting future events and a system of “laws” like a science, and yet it is not exactly the same as a science because of the uncertainty that is central to any analysis of human behaviour. It also has the attraction of immediate relevance. The present economic crisis is momentous, with wealthy countries suddenly, in a few months, coming to the edge of bankruptcy, and the new economies of Asia suffering the disappearance of the markets that have given them prosperity. To work in this field, and to run a business equipped with a sound knowledge of economics, seems to me to be of the utmost human importance and offers great professional satisfaction.
The economics I have already studied has given me a good insight into the way the subject affects our lives. The May general election appeared to me to be a sort of contest between the “Classical” and “Keynesian” theories. I have read widely in the subject, including books by Niall Ferguson, Robert Skidelsky and John Cassidy (How Markets Fail), Dasgupta’s Economics. A Short Introduction, Kay’s The Truth About Markets and Joseph Stiglitz’s Globalisation and its Discontents, and I read The Economist regularly. I am keen to study the ways that consumers behave, how monopolies distort markets, and the balance between markets and human welfare. I am also interested in macroeconomic issues such as the interaction of the main sectors of the economy – production, finance and the labour market. The amount of money in the economy, the way aggregate spending is determined and its relation to supply are fascinating questions. There is much to learn and the concepts are complicated, but the interest, both intellectual and human, is consuming.
I have some experience of the world of business economics; I had a placement as an assistant manager at “Kazakh Altyn”, a joint stock company dealing in mining and metallurgy, where I worked in the international affairs department. I was involved in financial modelling with a group of experts, and I wrote translations of papers from Russian into English. I sat in on company meetings and observed the formulation of company policies. It was a thrilling taste of the reality of the world of big business and international economics. I also had a brief internship at the Kazakh Embassy in London, working as an assistant to the ambassador and writing translations of papers. It was exciting to be at the heart of international affairs in this way, and helped me to develop my communication skills and my ability to work with others in a team.
At school I had a very active life. I attended the after-school economics workshop, where we discussed current affairs and argued about economic theories. I was also a keen sportsman, playing football and rugby for the school team, which was good training in self-discipline and cooperation. I also worked in a drama competition as a director and actor.
I am polylingual, having Kazakh as my mother tongue, and fluent Russian and English, a great asset in the modern globalised business environment. The career options open to someone equipped with an economics degree seem immensely diverse and thus very attractive. Economics is a subject that I feel touches on nearly all human activities in some way, from political decisions to questions of household management and planning how we as individuals wish to live. I have a good academic record, and can promise to make a great success of a degree course, and I hope you will consider my application.
This example Economics personal statement should be used as a point of reference when composing your personal statement on your path to university education.
Economics Personal Statement
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I have a strong interest in business, entrepreneurship, marketing and the global market, and Economics sits at the heart of each and every one of these areas. My personal goal is to master the market, but in order to do this it will be fundamental for me to first understand Economics. While a deep and diverse topic within itself, learning the core concepts contained within the Economics syllabus will open a myriad of doors and opportunities for me to develop my own personal approach to the world of business.
I believe Economics to be a crucial knowledge base that will help me to develop my own understanding of what is quickly becoming a closer and single global market. I firmly believe I have the personal drive, ambition and basic understanding of Economics to help me adapt quickly and successfully in this area of learning.
I first found myself taking more of an interest into the world of finance and market forces when I took up a work experience placement with a high street bank during my final year at secondary school. While sitting at the side of the tiller did little to stir my interest, it was the days I got to shadow the small business advisor that grabbed my attention. I was fascinated by the way in which small businesses were born, developed and helped in their search to find a niche in the market.
This experience had a profound affect on me and I became a regular reader of the Financial Times, which allowed me to keep a keen eye on the markets. Throughout my initial journey through further education I quickly found I was strong in the areas of mathematics, business studies, politics and economics. I was also intrigued to learn of the extent the fabric of each of these areas was intertwined, all related and responsive to one another.
During my final year of sixth form college I was lucky enough to spend two weeks on a placement with a well established office of stockbrokers. This was indeed a real eye opener, and much more enjoyable than I could ever imagined as by this point I could comprehend what was happening around me. For the first time I saw just how complex market forces could be, how attempts could be made to control them, and how at times there was no way to control them at all.
On finishing my A-levels I contemplated the prospect of taking a year out of studying to gain some real experience for a year before moving on to university. After reading about the course your university is offering, however, I quickly realised this was what I wanted to do. I believe I already have a high level of understanding when it comes to economics, and would relish the opportunity, and the challenge, of taking up a place on your Economics course.