Welcome To Leeds University Business School The Economics Programmes Kevin Reilly ECONOMICS

Welcome To

Leeds University Business School

The Economics Programmes

Kevin Reilly

ECONOMICS


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• Dr Kevin Reilly, Senior Lecturer in Economics• Teaching: Economics for Management, Research

Skills and Econometrics• Research: Labour Supply, Gender Pay Gap,

Determinates of Crime, Foreign Direct Investment etc.

Who


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A Typical Economics Offer

• The typical offer for the Economics programmes is AAB.

• We require that you awarded an A at GCSE Mathematics or took AS

level Mathematics.

Why: Evidence tells us that students with this profile are successful.


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A Size Issue You Need to Think About

• University of Leeds has 35,000 students studying; the Business

School has 1,500 undergraduate students and Economics lets in 120

to 130 Single and Joint Honours students each year. This is the

second largest university in the United Kingdom.

Cost: Large lectures and a potentially relatively anonymous

experience.

Benefit: High quality faculty.


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Faculty Member Research/Teaching Interest

Professor G. Fontana Monetary Economics

Professor V. Perotin Comparative Economics

Professor M. Sawyer (retired) Macroeconomics

Professor S. Shin Econometrics

Dr. A. Brown Economic Philosophy

Dr. M. Carter Business Economics

Dr. K. Chauduri Economic Development

Dr. D. Coffey Industrial Economics

Dr. Q. Outram Economic History

Dr. K. Reilly Labour Economics

Dr. D. Spencer Economic Thought/Labour Economics

Dr. J. Toner Transport Economics

Dr. L. Hu Econometrics

Dr. A. Smith Transport Economics

Dr. L. Zanchi Education/Labour Economics


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• A way of understanding the choices made by individuals, firms and

other organizations.

• A way of understanding the unintended consequences of individual

actions.

• An important component of public policy discourse.

• A large component of transferable skills: (A) Quantitative skills, (B)

Analytical Skills and (C) Critical Reasoning.

• Employability

Why Study Economics?


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• We offer a choice of Single and Joint Honours Economics degrees

• A reasonably flexible structure that can accommodate changes in the student’s

interest.

• A relatively diverse perspective on economic problems.

• Successful graduation rates:

– 66 per cent achieve a 2.1 degree or higher;

– 95 percent achieve a 2.2 degree or higher.

• Harold Speight Prize: £5,000 to the graduating Economics student with the highest

average mark.

• Good employment and further study record of recent graduates.

Why Economics at LUBS?


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Single Honours Degree Programmes in Economics at LUBS

1. BSc Economics: Standard degree with widest range of options.

2. BSc Business Economics: Economics of the firm focus to the programme.

3. BSc Business & Financial Economics: Financial Economics focus to the

programme.

4. BA Economics with Transport Studies: Economics and Transport focus to

the programme.


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Joint Honours Degree Programmes in Economics at LUBS

1. BA Economics and Management Studies and BA Economics and Geography:

Standard Joint Honours degree that combine Economics with either Management or

Geography. For these two degree programmes your home department will be

LUBS.

2. BA Joint Honours Economics and Modern Languages {e.g. French, Chinese, etc.};

BA Joint Honours Economics and Arts/Social Science {e.g. Politics, History, etc.

excluding Geography}; and BSc Joint Honours Economics and Science {e.g.

Mathematics, Statistics, etc.}. For all these degree programmes your home

department will not be LUBS.


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Economics in a Business School

• The Benefit: We are able to call on the resources in other

Departments within the School to offer an enriched Economics

degree. Have modules that take a Business Economics

perspective {e.g. Business Economics, Economics and

Corporate Strategy, Transnational Corporation, etc.}

• The Cost: We tend to hire individuals who can interact with our

Business School colleagues.


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Flexibility in Degree Structure

• Within the Economics Degree Programmes you can easily

switch between the programmes between Year One and

Two.

• The only constraint is performance {it must be average or

better} and choice of options in Year One {Year One Tutor

there to advise you}.


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Non-Standard Economics Component

• We take seriously teaching you the standard economics

paradigm but we have been praised by our External

Evaluator for exposing students to non-standard ideas.

For example: Post-Keynesian Economics, Endogenous

Money, Marxist Economics, etc.


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Value Independent Research by Undergraduates

• Put a large stress on a final year dissertation that allows

the student to research a topic they are interested in. You

will be required to take modules in both the first and

second year that prepare you to do independent economic

research. Externals have praised the quality of these

dissertations.


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Well Established Work Placement and Study Abroad Programmes

• Work Placement Programme: Students have had year long

placements at Consultancy Firms {KMPG}, The Treasury, Work and

Pensions, Bank of England, etc.

• Study Abroad Programme: Students can spend a year at a university

in Europe, North America and Asia.


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Questions?


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Thank You for Listening

Have a Good Day


Welcome To


Introductory Economics Lecture

Kevin Reilly

ECONOMICS


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• Dr Kevin Reilly

• Senior Lecturer in Economics

• Teach: Economics for Management Students, Research Skills and Econometrics

• Research: Labour Supply, Gender Pay Gap, Determinates of Crime, Foreign Direct Investment etc.

Who


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Economics: The social science that studies the choices that individuals, businesses, governments and entire societies make as they cope with scarcity and the incentives that influence and reconcile those choices.

Microeconomics: The study of choices that individuals and businesses make, the way those choices interact in markets and the influence of governments.

Macroeconomics: The study of the performance of the national and global economies.

Definition of Economics


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Is globalization a benefit or a problem? Do the technological advances in the “new economy”

bring benefits to all? How has terrorism changed our economic lives? Are we all (individuals, businesses and governments)

borrowing too much and creating too much debt? Are the world’s water resources being managed

properly?

Some Standard Popular Economic Questions


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1. How do choices end up determining what, how and for whom goods and services get produced?

What? How? For Whom?2. When do choices made in the pursuit of self-interest

also promotes the social interest? Self-interest. Social Interest.

The Economic Questions


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1. Choices and Trade-offs

2. What, How and For Whom Trade-offs

3. Choices Bring Change

4. Opportunity Cost

5. Choosing at the Margin

6. Responding to Incentives

7. Human Nature, Incentives and Institutions

How Economists Analyze These Questions


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Seasonally Adjusted Quarterly UK Unemployment Rate, 2000-2009: ILO and Claimant Count Versions

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Questions?


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Thank You for Listening

Have a Good Day

Documents

Welcome To Leeds University Business School The Economics Programmes Kevin Reilly ECONOMICS