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

2. Leeds University Business School 2 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

3. Leeds University Business School 3 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.

4. Leeds University Business School 4 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.

5. Leeds University Business School 5 Faculty MemberResearch/Teaching Interest Professor G. FontanaMonetary Economics Professor V. PerotinComparative Economics Professor M. Sawyer (retired)Macroeconomics Professor S. ShinEconometrics Dr. A. BrownEconomic Philosophy Dr. M. CarterBusiness Economics Dr. K. ChauduriEconomic Development Dr. D. CoffeyIndustrial Economics Dr. Q. OutramEconomic History Dr. K. ReillyLabour Economics Dr. D. SpencerEconomic Thought/Labour Economics Dr. J. TonerTransport Economics Dr. L. HuEconometrics Dr. A. SmithTransport Economics Dr. L. ZanchiEducation/Labour Economics

6. Leeds University Business School 6 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?

7. Leeds University Business School 7 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?

8. Leeds University Business School 8 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.

9. Leeds University Business School 9 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.

10. Leeds University Business School 10 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.

11. Leeds University Business School 11 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}.

12. Leeds University Business School 12 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.

13. Leeds University Business School 13 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.

14. Leeds University Business School 14 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.

15. Leeds University Business School 15 Questions?

16. Leeds University Business School 16 Thank You for Listening Have a Good Day

17. Leeds University Business School Welcome To Leeds University Business School Introductory Economics Lecture Kevin Reilly ECONOMICS

18. Leeds University Business School 18 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

19. Leeds University Business School 19 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

20. Leeds University Business School 20  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

21. Leeds University Business School 21 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

22. Leeds University Business School 22 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

23. Leeds University Business School 23

24. Leeds University Business School 24 Questions?

25. Leeds University Business School 25 Thank You for Listening Have a Good Day