Studying Economics As A Degree – One Of The Most Important Steps In My Career

Arriane Athwal Comprehending and grasping why certain global issues such as international trade, the credit crunch, Brexit and economic differences between countries take place, is a compelling subject matter to me. This is because, I have a specific interest in understanding how this complex world and the many businesses and industries within it, functions. This is what drives me to want to study economics as a degree. As well as essay work and problem- solving, I also enjoy mathematical and statistical work which, is all incorporated into the study of economics as, it’s a fair distribution of all three. Working and gaining experience in the banking world has also expanded my general attentiveness of this subject.

Comment by Mr Bridgeman: That's great. . . . but WHY? The A- level subjects I have been studying effectively link with economics in a way that helps further expand my knowledge and apprehension towards it. Economics deals specifically with the wealth distributed across society, whilst sociology covers society and its institutions as a whole. Knowing the social background of society and how members think/ act is important for economic factors. Similarly, economic factors work together affecting each institution therefore, affecting society as a whole. Studying sociology, has allowed me to explore this link and widen my economic knowledge to the whole of society. As well as this, law and economics are two of society’s most principal social constructs and there are significant links between the two as both influence each other. Many economic factors e. g. poverty, shape and influence crime and legal systems in all countries and laws are what propel economy in society suggesting, that there is a strong link between the two. ICT, also successfully ties in with my degree choice. Information technology has immense impacts on all parts of economy and society. ICT alone has been responsible for 25% of Kenya’s economic growth. By slowly overcoming the problem of ICT scarcity in developing countries that would’ve been deprived of opportunities, the gap between developing and developed countries in terms of economy is being narrowed. As technology continues to innovate, so do businesses and the structure of economies.

Comment by Mr Bridgeman: nice link!When undergoing work experience at the Barclays Wealth and Investment Management branch in Snow Hill, I assisted and trained in multiple departments including: asset finance, global trade, law, risk and KYC (know your customer). This whole experience has allowed me to further my knowledge in business and economics and also, a bank is quite an effective and useful place to work in when developing experience within these areas. From working with the KYC team my interest specifically, in forensic accountancy (possible career path with economics) and economics overall has extended. From mitigating risks related to financial crime to learning how corruption adds up to 10% on the costs of doing business, my knowledge and fascination has excelled. Observing patterns and drawing conclusions (key economical skills) when working at Barclays has enabled me to advance my analytical skills as well as critical- thinking, writing and maths e. g. when spreading costs of assets over their economic lives in asset finance. These are all key economical skills. Therefore, this experience overall has made me even better suited to pursue this chosen course.

Comment by Mr Bridgeman: "I believe that these skills and experiences would support both future and study and potential career within the field of economics"Working in a fast- paced environment at a Domino's branch as my current part- time job, has given me the opportunity to encounter what the business world is truly like specifically, fast- food chains. My commercial awareness has unquestionably grown from this on top of a widespread range of skills. Undertaking a two- week Global Business and Environment Course (MOOC) has added to this knowledge gain and understanding. This Coventry University program from an MBA degree, has showcased to me the learning of geopolitical, economic and legal environments. In terms of general skills gained from extracurricular activities that make me well suited to such a course, I know that I have gained many and I also, carry many of the attributes that employers value because of these activities. I have completed a Bronze Duke of Edinburgh and National Citizen Service award. Both of these, have brought out and developed skills within me including: leadership, teamwork, self- motivation, communication and confidence. Also, by subscribing to The Economist, I have expanded my grasp and knowledge of economics further. Articles about how commodities have been distributed through societies and how valuable resources are used across countries, has widened this awareness. With all the related experience, knowledge and passion towards this subject, I strongly feel that I would be perfectly suited to completing an economics and management degree. Following my aspiration to undergo and succeed in this degree, I desire to pursue a career related to economics. This would be forensic accountancy or something similar within banking. This degree would kick- start my career in economics and unwrap my full potential that I believe is still yet to thrive. Taxing our wealth master class at UoB