Tutor Icon  Request A Tutor
Personal Statement for Economics Degree

Economics Personal Statement

Advice on Personal Statements for Future Economists

Writing a personal statement can be difficult – you know why you want to study economics but you’re not sure how to convey that message in writing. This article will help you organise your thoughts and give you advice on how to do exactly that.

Before we even get started with thinking about the personal statement, you want to make sure that economics is really what you want to study. If you’re unsure, have a good think about what interests you as well as where your skills lie. You need to be confident that you want to study economics because that will shine through when writing your personal statement, and any doubts will also be picked up on.

You have to understand that a personal statement is important because it’s your first chance at selling yourself as a suitable candidate. You want to show your interest in the subject – which is why being confident that it is really what you want to study is crucial – as well as show your ability and understanding of the subject.

Now let’s get started. What does an economics personal statement involve? The short answer is that you want to achieve three things: explain interest in economics; explain an economic idea and your thoughts on it; and relevant individual skills that make you a suitable candidate.

Firstly, you want to explain your interest in economics. The best way you can do this is to really have a good think about why economics is right for you, and why you are right for economics. A key component to doing this well is showing that economics is the logical next step in your life given your background. If you were interviewing a candidate and their profile showed a lot of experience in economics, but they were interviewing for an art degree, you’d be confused and want to know more. Similarly, you have to explain why your background has led you to economics. For example, you may have an interest in the stock market and you’ve always been curious about the economic factors that affect it, so you studied the subject at A-Level, enjoyed it, and now you’re here. To an admissions tutor, that follows a logical path. Be assured, there is no reason why studying economics can’t be a new development in your life – you certainly don’t need to have wanted to study it since you were 3 years old to be accepted – but you do have to explain what changed your mind and why it makes sense.

Secondly, you want to include an economic idea and your thoughts on it. Now this may sound “unconventional”, but it achieves one thing that many candidates fail to do. Many candidates will cite a book or three that they have read, but they’ll only do that – cite it. To an admissions tutor, you could have simply read the cover. By including an economic idea and then, more importantly, explaining your thoughts on it, it allows the admissions tutor to really understand how you think. Now which book you get this economic idea from is entirely up to you, but a general guideline would be to use a contemporary idea and one from a known and respected economist. You don’t want to cite a very old example, an idea that is commonly accepted now, as analysis may be very limited. As an example, behavioural economics is a newer field in economics and if that is of interest to you, it may be worth taking an idea from there. Once you have your idea, you don’t want to quote it, but you want to briefly state it and then give your thoughts on it. For example, if you do enjoy behavioural economics you may mention the idea of “social proofing” in a book you read. To analyse this, you could apply this to a real case or contrast it to other prevailing ideas (and provide your opinion) or perhaps point out some limitations. In a recent study involving marketing, social proofing was shown to be rather ineffective at selling products compared to other means. Thus, you would discuss why that may have been the case or why the idea is limited.

Thirdly, you want to discuss some of the skills you possess that would make you a good economist and then provide examples to back them up. One of the best ways to do this is to ask your friends and family how they would describe you. Are you a leader? Very analytical? A problem solver? Once you have these skills in mind, you want to go into detail about how you have shown them. It is not enough to say “I am very hard working and very analytical as well as a good leader”. Anyone can say that, and admission tutors know that. You want to provide a story behind those skills. For example, if you are a leader you can explain a time you led a team, what you did and why you were successful as a leader.

Remember, this is your chance to impress the admissions tutor. Whilst that can be a daunting thought, don’t let it scare you. See it as a positive opportunity to explain your passion for economics. Good luck!

 

LETS STUDY FOR YOUR EXAM TOGETHER

 
Melodie Argi
Melodie Argi
08:14 18 Oct 19
Tavistock tutors is by far the best tutor agency is London. The tutor selection is of the highest quality. Handpicked from the British intellectual elite in all sorts of disciplines. The staff is wonderfully helpful as well as being extremely attentive to feedback.read more
Henry Smith
Henry Smith
22:27 17 Oct 19
I have been employed as a tutor with Tavistock Tutors for over 5 years. I tutor mathematics and also help people with job preparation for different career routes (cv, cover letter, interview preparation and online test prep). They are simply a wonderful team of individuals who work collectively and strive to deliver the best possible service to both clients and their tutors. They work doggedly to achieve results. They are particularly honest and their feedback to tutors on how to improve is tailored, concise and always highly constructive. Even after 5 yrs, they only put me forward as a tutor if they think I am the absolute best they can find otherwise they are honest with me and explain why I was not put forward. I think this transparency is a huge reason for their success and keeps the best tutors on their books for years. Their communication on what a client wants is also clinically precise and effective and the team go out of their way to provide potential interests/passions of the client to help the tutor prepare accordingly for the lessons and nurture that interaction. Simply the finest agency and I have tutored with some of the best. World-class tutors and utmost confidentiality with respect to their clientele. I cannot be happier to work for them, a dream job with a team whose capacity for kindness, empathy and boundless intellect never ceases to amaze me. Their work ethic inspires me to relentlessly push myself to be a better tutor with their encouragement and constructive feedback.read more
Albert Tam
Albert Tam
20:50 17 Oct 19
Best tutors in London! Great experience and amazing customer service. Highly recommend, my tutors were all fantastic and a huge help. Really recommend Tavistock Tutors as I never had to worry about not getting the highest quality tutors unlike other agencies and online tutors.read more
I ME
I ME
16:13 17 Oct 19
I’ve used Tavistock multiple times and they never disappoint! I used them for myself secondary school, whilst at university and even now whilst working. Their service is second to none as are their tutors. I highly recommend them to anyone looking to better themselves academically or personally.read more
STAVROS MOUSLOPOULOS
STAVROS MOUSLOPOULOS
13:22 06 Oct 19
Why most reviewers have one contribution, namely to the Tavistock Tutors? High standards ? Mate get a real job rather than living off other's qualifications. Reality Check (See photos attached - that is the owner “looking for me” 1.5 years after leaving London and while my name and photo was on first page of Tavistock Tutor website...)read more
Jonathan Aaron
Jonathan Aaron
16:39 01 Aug 19
Amazing experience, the tutor was reliable, knowledgeable and reasonably priced and the company was both professional and reliable. Definitely will be using them again!read more
David T
David T
16:34 01 Aug 19
I used Tavistock for some Corporate Finance and Financial Modelling training at my firm. They were extremely helpful and the trainer, Simon, was of top quality, experience and charged a fair price. Thank you!read more
Olivia Pluss
Olivia Pluss
11:05 13 Jun 19
I had a fantastic experience with my tutor Elena and Tavistock Tutors. They were very well organized and made the entire experience so seamless and easy for me. I passed my assignment with great marks and the experience was much less stressful than if I had tried to complete the assignment without Elena's help.read more
J Mathews
J Mathews
11:27 22 May 19
My child used Glenda for HL biology. Glenda was outstanding. I would not hesitate to recommend her. Extremely intelligent, always prepared, knows how to teach/very helpful, and also just a nice person. Also, I would use Tavistock again for sure because we had such success with Glenda.read more
Alan Radford
Alan Radford
09:34 09 May 19
Tavistock Tutors were a delight to deal with, and highly professional at all times. They provided my daughter with an excellent tutor at very short notice - after my having approached them on a Thursday urgently requesting a tutor for that weekend. Tavistock Tutors immediately gave the matter their attention; they appreciated the urgency and responded quickly and efficiently, and helped to set my daughter up with exactly the right sort of tutor. Fantastic!read more
Sophie Taieb
Sophie Taieb
12:55 29 Mar 19
Very happy with Tavistock tutors services. They provide a wide range of tutors, from all backgrounds and for all types of needs. My uni son needed some help in research and methodology. We found a perfectly suited tutor in less than 3 days. He is very knowledgeable, punctual, open minded and brings the support needed to my son. I would definitely recommend Tavistock tutorsread more
Next Reviews
 

How to memorise quotes – (great for closed book exams!)

Memorising quotes can be a crucial element to your GCSE and A-level exams, so mastering the skill can be essential. Being able to use quotes in your written responses is a sure way to get marks fo...

How to choose quotes to learn for English GCSE

We know that learning quotes for a closed-book exam can be daunting, difficult and boring – especially when you’ve already been studying the text for an entire year. In our article ‘Do I need ...

Do I need to memorise quotes for English GCSE?

With the new GCSE specifications released in 2015, most English Literature GCSE exams have now become closed-book exams.

But what does this mean?

This means that in your exam, you won...

Call Now Button