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The Economic point of view or how to make Economics interesting
Ioana Negru & Deborah Johnston
Department of Economics
SOAS
What do economists study?
• It’s all about money, isn’t it?
• The production of goods and services
• The consumption of goods and services
• Concept of scarcity
• Some reasons why people are confused about the nature of economics;
• Do we really believe that Economics is useful?
Why should we study economics?
• Helps us understand our own situation and actions;
• Helps us understand the policy issues faced by governments and society;
• Economics is about choice, life is about choices;
• We are all ‘armchair’ economists
• Excellent career prospects in range of sectors
Why study economics at SOAS?• SOAS Economics Department is one of leading pluralist departments
in the world. Realist, critical thinking. 2 routes: BSc Economics or BSc Development Economics
• Scores well on NSS and league tables for staff-student ratio and teaching quality
• 86% overall satisfaction from our undergraduates• 15th for Economics in UK, 3rd for student-staff ratio (Guardian Good
University Guide 2014),• formal lectures and small seminar and tutorial classes• UG Applicant/Place Ratio 13:1
• SOAS library is one of the UK’s National Research Libraries• SOAS offers huge range of optional modules and degree
combinations (more than 400 degrees combinations and unparalleled range of non-European languages)
• 50% of our students are from outside the UK
TOP 3 REASONS TO STUDY ECONOMICS1. You can talk about money without ever having to make
any.
2. You are in demand from a range of sectors and in a range of professions
3. Mick Jagger and Arnold Schwarzenegger both studied economics and look how they turned out.
