tutor2u economics personal statement

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• Economics personal statement examples

Economics degree personal statement example (2j)

The current economic turndown has dramatically increased the publics' awareness and interest in the economy and how it functions; I learnt that people are more concerned with current economic activity than they are with political activity whilst undertaking a survey in my local town centre. I discovered Economics at A-Level and have developed a deep interest in the subject; especially the areas of the labour market and business economics because I enjoy seeing real life economics in action and being able to critique theories in relation to real world economic activity.

In order to correct the current financial crisis, it is my opinion that the government should be more interventionist through specific laws for the banking sector rather than through influence. This is because the 'Credit Crunch' was caused by excessive lending of money by banks to people who were betting on further economic growth, who then defaulted on their loans. It is also imperative that unemployment does not increase. The government could increase employment by introducing demand-side policies, thus increasing the demand for labour, backed up with supply side fiscal policy to reduce blockages. I stated my opinion when I was selected as a representative for my school to be interviewed by a local newspaper about how Britain could amend its economy.

I have read a range of Economic related books including 'Freakonomics', and 'The Undercover Economist'. I enjoy how these books are fighting to change people’s perceptions of economics as a ‘boring’ subject only concerned with statistics by showing the economics used in everyday life, and what shapes the decisions we make. In order to expand my knowledge of Economic History, I am currently reading 'The Age Of Extremes' which gives a detailed and analytical view of 20th century economies; from Stalin, to 1920's America and Margaret Thatcher's economic ideals. I refuse to read The Economist as I find it too willing to support liberalist ideas - I prefer the blogs on www.tutor2u.net to gain in-depth and contemporary economic news.

Analysis has a prominent role in each of my A-Level subjects. I have enhanced my substantial analytical skills, able to evaluate economic policies with the "EEES" principle - is a policy effective, efficient, equitable or sustainable? By studying History, I have seen that people reacted badly to economic changes; for example the Community Charge was quickly followed by the infamous Poll Tax riots. Psychology has empowered me to study social mechanisms such as obedience to authority and conformity, and I enjoy reading thought provoking books about society such as '1984', 'Fahrenheit 451' and 'Catch 22', as these books allow me to view society from a critical angle. Travelling has given me experience of how economies can differ first hand; Bulgaria is characterised as a struggling transitional economy, whereas America shows the effects of laissez- faire and private enterprise.

Although I was originally disappointed when I learnt I had not secured a place at university last year, I have since realised it was a blessing in disguise. I have had the opportunity to en-roll at college to gain an A-level in Mathematics as well as teaching myself Spanish at home. I am doing this to further my goal of working in the City; mathematics is a core component in any financial environment and in a world where globalisation is becoming increasing prominent, an ability to speak a second language will be of paramount importance.

I have been snowboarding for six years and have travelled across the USA and numerous countries in Europe to extend and perfect my hobby, as well as learn about cultures different to my own. Pursuing percussion for seven years allowed me to develop my creativity and gain Grade 2 Distinction.

I would welcome the challenge of pursing a degree in Economics with a possible view to teach this great subject in the future. I would look to contribute fully to university life with my diverse range of interests.

Universities Applied to:

• UEA (L100) - ABB -  Firm
• UEA (LC18) - AAB
• Sheffield (L100) - Rejected
• Liverpool (L100) - BBB
• Nottingham Trent (L100) - Unconditional

I missed my offer of BBB and got BCC for 2009 entry to Sheffield. Re-sat in Jan 2010 and got AAB.

Grades Achieved:

• Economics - A
• History - A
• Psychology - B
• Maths (AS) - B
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Successful Personal Statement For Economics At Cambridge

Last Updated: 12th April 2022

Author: Chloe Hewitt

Table of Contents

Welcome to our popular Personal Statement series where we present a successful Personal Statement, and our Oxbridge Tutors provide their feedback on it. 

Today, we are looking through a Economics applicant’s Personal Statement that helped secure a place at Cambridge University. The Economics Course at Cambridge provides a rounded, rigorous education in Economics which is valuable for a wide range of career paths.

Read on to see how this candidate wrote a Personal Statement that helped secure their place on a reputable degree. 

Here’s a breakdown of the Personal Statement:

SUCCESSFUL?

The universities this candidate applied to were the following:

Enrolling on our Cambridge Economics comprehensive Programme will give you access to Personal Statement redrafts. 

With our  Oxbridge Economics Premium Programme, your tutor will give you regular actionable feedback with insider tips on how to improve and make your Personal Statement Oxbridge quality for the best chances of success.  

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Economics Personal Statement

The right answer – does such a thing even exist? When considering the field of mathematics, my response would be an unequivocal yes – indeed, I find its simplicity and elegance some of its most attractive qualities. For economics, however, the question of a right answer is not so straightforward. My interest in economics was sparked when I read “Freakonomics” and “SuperFreakonomics”. I found the search for a logical explanation behind seemingly illogical behaviour intriguing, and the idea that small changes to incentives could effect such large changes to those behaviours fascinating.

To further my understanding, I attended lectures at the LSE, including one given by Ha-Joon Chang. His arguments challenged much of what I had learned – deregulation and trade liberalisation would not, apparently, stimulate competitive growth, while education, it turned out, could not be counted on to increase entrepreneurship or productivity. These contradictions made me eager to read his “23 Things They Don’t Tell You About Capitalism” and “Bad Samaritans”. Although relishing his controversial stance on almost everything, I found his central thesis – that by using protectionism to support fledgling domestic industries, other poor nations can emulate South Korea’s success – overly optimistic and one-size-fits-all. As Paul Collier argues in “The Bottom Billion”, many are trapped by conflict or bad governance, with even bleaker prospects after “missing the boat” on which many Asian economies sailed away to prosperity.     

While economics is rooted in the world around us, with all its fascinating, messy complexities, mathematics derives its beauty from its abstract nature. It is unique in that it can lead us to an answer that is not merely the right one, but is true in an absolute sense. This was emphasised by G. H. Hardy in “A Mathematician’s Apology”, where he spoke of a mathematical reality distinct from the ordinary one, of which we can only ever hope to produce a “partial and imperfect copy”. Another of the appeals of mathematics is its breadth of application. I was able to explore this over the past three years in a series of Royal Institution master classes covering topics from graph theory to the mathematics of juggling. My decision to continue with mathematics was confirmed when I undertook the AEA; I found it challenging but immensely satisfying to be able to use simple concepts from the A-level core modules to solve even the most daunting problems.

Over the past year, I have mentored two students in mathematics. Explaining concepts to them helped deepen my own understanding and led me to explore proofs behind theorems I had previously accepted. In addition, acting as a primary school classroom assistant inspired me to set up my own volunteering scheme, in which I and other students help children learn to read. I have enjoyed competing in the UKMT Mathematics Challenge, in which I won a medal at Olympiad level, and the UK Linguistics Olympiad, in which I twice progressed to the selection round for the national team. I have also represented my school in the Hans Woyda competition, and am excited to be doing the same in the Target 2.0 challenge later this year.

Despite their differences, the authors I mentioned above hold something in common: their use of empirical methods to reach conclusions. It is here that the attraction of combining the study of mathematics and economics becomes especially apparent. Without mathematics, economics risks beginning to earn its title “the dismal science”, reducing to speculation and rhetoric without even the emotional investment enjoyed by politics. This is not to dismiss the importance of normative economics, but to say that it draws meaning from a basis in fact. I am not arguing for sound bite solutions to complex questions, but rather that, even in a field as hotly debated as economics, the right answer is still a worthwhile goal, reachable through the use of data and copious amounts of trial and error.

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Good Points Of The Personal Statement

This statement is thoughtful and interesting, and conveys clear motivations for studying Economics, as well as demonstrating a good level of preparation for university study. The student elaborates on their response to each preparatory activity they engaged in, rather than falling into the trap of simply listing books read and lectures attended. They are clearly passionate about the subject, and show promise as an economist, which they demonstrate in, again, not only listing their achievements, but explaining what they took from the experience, and subtly indicating what this says about them as a student.

Bad Points Of The Personal Statement

I have very little to say in criticism of this essay except that, perhaps, it could come across as a little cliché. Questioning whether there is such a thing as ‘the right answer’ in the introduction, and concluding that pursuit of the field to which they’re applying for further study is worthy are both very common.

UniAdmissions Overall Score:

This is an exceptional personal statement. Not only is the student accomplished, they convey this without bragging, and in enough detail that we gain insight into their abilities, motivations, and personal interests, rather than simply receiving a list in prose form. Though the ideas with which the student begins and concludes the statement are somewhat unoriginal, the explanation found in between is exceptionally strong, and justifies the unoriginal sentiments – they’re clearly not being added just as throwaway lines.

This Personal Statement for Chemistry is a great example of demonstrating motivation and development which is vital to Admissions Tutors.

Remember, at Cambridge, these Admissions Tutors are often the people who will be teaching you for the next few years, so you need to appeal directly to them.

Check out our other successful personal statements and our expert guides on our Free Personal Statement Resources page.

Successful Personal Statement For Law At Cambridge

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Our expert tutors are on hand to help you craft the perfect Personal Statement for your Cambridge Economics application.

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Economics and accounting personal statement example.

Accounting to me is not just a subject, but a life skill. It invokes not only the core disciplines of business and economics but it provides these in both a local and global context.

I see Accounting as an international common language between businesses, to analyse accounts and influence future decisions companies will make.

The application of business within the accounting degree has been one of the major pulling factors that have influenced my decision to study the subject.

After studying GCSE business and discovering the accounting and finance aspect of it, I have become fascinated to learn more, going on to extend my knowledge of the subject by reading outside of the school environment.

As an avid reader of the Accounting blog on the tutor2u website, I have gained a good grounding in the fundamental application of accounting, especially in the way websites such as ‘facebook’s’ growth is driven by their own growth through advertising, and the fact that their books and accounts continue to stay cash flow positive, despite their impressive rate of expansion.

I am particularly interested in the law aspect of the course and how decisions made can influence an individuals’ desire to defraud their accounts to avoid taxation, and the often extensive amount of time it takes to bring these people to justice.

Although initially studying psychology may not seem to have a direct influence on accounting, I feel the knowledge I have learnt about the interaction of people’s behaviour in social situations will help me greatly. This would especially be within the aspects of the course that involve management methods and organisational behaviour.

By studying Economics at A level I have found that it has had a profound effect on accounting.

The understanding I have acquired of the financial world as a whole has provided me with a strong awareness of international sections of the course. The barrier for trade inside and outside of the EU and how this affects profit margins, with relevance to extra costs on balance sheets is one example.

This awareness will help equip me to have a better understanding of real world accounting situations, where I hope to find my self in the future.

Last summer I was accepted on a two week work experience placement at the Bank of England to do shadowing and accounting of my own, however due to circumstances beyond my own control, it fell through, much to my disappointment. Nevertheless I have tried to keep in touch with current Accounting developments through the newspapers and internet.

I am currently completing my silver Duke of Edinburgh award scheme and I am planning an eight day trip, alongside “World Challenge Organisation”, to Norway next summer for my Gold expedition. The trip will be funded entirely through the money my team raise. I feel these experiences have helped me develop valuable life skills such as the desire to achieve, self-confidence and discipline.

I believe that these skills I have learnt will provide the perfect platform for a degree in accounting and aid me on into the workplace. I also play hockey for the North of England and have captained both Yorkshire and South Yorkshire sides as well as my School and Club teams.

Hockey is a major part of my extracurricular life, giving me teamwork and leadership skills and I feel I could contribute greatly to a wide range of university activities.

I look forward to studying accounting at degree level. This will allow my interest in the subject to flourish. I hope to immerse myself fully in the experience and challenges the university will provide.

Profile info

This personal statement was written by ash4932 for application in 2011.

ash4932's Comments

I believe that this a one of the best personal statements around i hope to use this to help others. I received 5/5 offers last year with this but unfortunatly missed out on my grades by 4 marks i have applied again this year and within a week i had 4 conditional offers. Hope this helps!

Related Personal Statements

Universities.

Sun, 10/07/2011 - 20:20

to which universities have you applied for? Is Oxford, Cambridge and LSE one of them?

P.S.: It is really nice one

It is a very strong and

Fri, 19/07/2013 - 16:51

It is a very strong and smooth personal statement, what I wanted to know was how my offers did you receive once to sent out the personal statement to your chosen universities?

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Skills Booster

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The videos in this section guide you through various options after Sixth Form. They are designed to help you make more informed decisions about university entry, apprenticeships and employment.

• 1. Exploring your Options
• 2. How to Find Out More
• 3. Higher Education - How to Make a Strong Application
• 4. Higher Education - How to Prepare your Personal Statement
• 5. Higher Education - Specialist Applications
• 6. Apprenticeships
• 7. Gap Years
• 8. Student Finances
• 9. Results Day

Ruth Tarrant

Ruth has been Subject Lead in Economics at tutor2u for many years after a career of teaching Economics, Business, Politics and Maths in a range of secondary schools. She is a highly experienced A level Economics Examiner, and also teaches undergraduate Economics on a very part-time basis at the University of Oxford. Ruth is passionate about making economics fun, engaging and accessible for teachers and students.

Cathy Williams

Cathy is an experienced Head of Department and ex-Treasury economist. She is the author of many Tutor2U resources and a regular contributor to Economics Today. Alongside, Cathy sits on the local Young Enterprise Board and specialises in producing and delivering a wide range of careers and work related resources and programmes.

Graham Prior

Graham is Subject Lead for Business at tutor2u. He is an experienced Business teacher and HOD, a senior examiner, a seasoned presenter and conference speaker and an educational author.

Duncan Hall

Duncan is Subject Lead for Sociology, History and Politics at tutor2u. Duncan is an experienced teacher, writer and senior examiner.

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Online CPD for A-Level Economics Teachers

Essential a-level economics: teaching market structures for edexcel.

This online CPD course provides a comprehensive and resource-packed guide to teaching market structures for the Edexcel (A) A-Level Economics specification

View course

Essential A-Level Economics: Understanding Assessment Objectives

This self-paced online CPD course helps A-Level Economics teachers develop their understanding of, and confidence using, assessment objectives.

Essential A-Level Economics: Teaching Labour Markets for Edexcel (A) Economics

This online course provides detailed support and guidance on how to teach the topic of Labour Markets for Edexcel A Level Economics.

Essential A-Level Economics: Teaching Labour Markets for AQA Economics

This online course provides detailed support and guidance on how to teach the challenging topic of Labour Markets for AQA A Level Economics.

Revision Guides for A-Level Economics in 2025 & 2026

Theme 3 Study Book for Edexcel A-Level Economics

02-4130-30364-01

Year 1 Microeconomics Study Book for AQA A-Level Economics

02-4130-30379-01

Year 1 Macroeconomics Study Book for AQA A-Level Economics

02-4130-30382-01

Year 2 Microeconomics Study Book for AQA A-Level Economics

02-4130-30385-01

Theme 1 Study Book for Edexcel A-Level Economics

02-4130-30348-01

Theme 2 Study Book for Edexcel A-Level Economics

02-4130-30357-01

Teacher PowerPoints for Edexcel A-Level Economics

3.2.1 profit maximisation (edexcel a-level economics teaching powerpoint).

Teaching PowerPoints

3.3.3 External Economies of Scale (Edexcel A-Level Economics Teaching PowerPoint)

3.3.2 marginal cost (edexcel a-level economics teaching powerpoint), 1.2.6 determination of market prices (edexcel a-level economics teaching powerpoint), 2.5.4 sustainable growth (edexcel a-level economics teaching powerpoint), 1.2.8 consumer surplus (edexcel a-level economics teaching powerpoint), 3.4.5 natural monopoly (edexcel a-level economics teaching powerpoint), 3.4.4 oligopoly - the kinked demand curve (edexcel a-level economics teaching powerpoint), 1.1.5 functions of money (edexcel a-level economics teaching powerpoint), teacher powerpoints for aqa a-level economics, 4.2.3.1 causes of economic growth (aqa a level economics teaching powerpoint), 4.1.6.1 demand for labour and marginal productivity theory (aqa a-level economics teaching powerpoint), 4.1.8.3 public and private goods (aqa a level economics teaching powerpoint), 4.1.8.8. privatisation (aqa a-level economics teaching powerpoint), 4.1.2.2 imperfect information (aqa a level economics teaching powerpoint), 4.1.5.8 contestable markets (aqa a level economics teaching powerpoint), 4.1.4.4 short run cost curves (aqa a-level economics teaching powerpoint), 4.2.3.3. inflation and deflation (aqa a level economics teaching powerpoint), 4.1.8.9 government intervention - subsidies (aqa a level economics teaching powerpoint), examiner for a level economics (a), advertise your teaching vacancies with us.

Much cheaper and more effective than TES or the Guardian. Reach the teacher audience you really want to apply for your teaching vacancy by posting directly to our website and…

Economics In the News - Teaching Activities

In the News Teaching Activity: Economic Growth Revised Upwards (September 2023)

4th September 2023

In the News Teaching Activity: The Market for British Apples (Oct 2023)

26th October 2023

In the News Teaching Activity: The ‘Hidden’ Pollution From Metal Mining (Oct 2023)

5th October 2023

In the News Teaching Activity – will the government’s latest dental policies get to the root of the NHS dentist shortage problem? (Feb 2024)

15th February 2024

In the News Teaching Activity – why are Easter egg prices higher? (Mar 2024)

25th March 2024

In the News Teaching Activity – Lessons from Scotland’s cap on rent increases (Nov 2023)

16th November 2023

In the News Teaching Activity: A Surprise Fall in the Rate of Inflation (Sept 2023)

25th September 2023

In the News Teaching Activity – Autumn Statement tax cuts announced though households may not feel the benefits (Nov 2023)

30th November 2023

In the News Teaching Activity – Is it time for the UK to build more flood defences? (Jan 2024)

11th January 2024

The Economics Blog

Oil prices slump amid uncertain market dynamics: what’s happening and why it matters.

Oil markets have been turbulent lately, with U.S. crude prices hitting their lowest levels since June 2023. This decline, driven by a complex web of supply and demand issues,…

The UK's Bond Market: A Beacon for Investors

9th September 2024

In the News Teaching Activity – Oasis tickets & surge pricing (Sept 2024)

Ireland’s budget conundrum: a surplus of opportunities or missed chances.

7th September 2024

Gender imbalance in economics undergraduates

6th September 2024

Economics Weekly Quiz | 06 September 2024

The road to revitalising uk investment: a £1 trillion challenge, the reference library, ib economics - trade protection: arguments for and against.

This study note for IB Economics covers: Trade Protection: Arguments For and Against

IB Economics - Types of Trade Protection in International Economics

Study Notes

IB Economics - World Trade Organisation (WTO)

Ib economics - absolute and comparative advantage, ib economics - benefits of trade, ib economics - strengths and weaknesses of supply-side policies, ib economics - incentive-related policies in economics, classroom posters and student handouts for a-level economics, why study economics | classroom posters / handouts.

Poster / Student Handout

Market Failure in Action | Classroom Posters / Handouts

Classic modern reads for economics students | classroom posters / handouts, careers in economics | classroom posters / handouts.

Subject Promotion & Course Guides

Famous Female Economists Volume 2 | Classroom Posters / Handouts

Great reads for a-level economics students - new economic thinking | classroom posters / handouts, developed and developing economies | classroom poster / handouts, economics at university | classroom posters / handouts, how markets operate | classroom posters / handouts, quick quants: practice worksheets to build confidence with quantitative and numerical skills.

Cost, Revenue and Profit (QS6) Quick Quants Worksheets for A-Level Economics

02-4125-11207-01

Standard Graphical Forms (QS4) Quick Quants Worksheets for A-Level Economics

02-4125-11194-01

Index Numbers (QS5) Quick Quants Worksheets for A-Level Economics

02-4125-11195-01

Money to Real Terms (QS7) Quick Quants Worksheets for A-Level Economics

02-4125-11208-01

Ratios and Fractions (QS1) Quick Quants Worksheets for A-Level Economics

02-4125-11183-01

Elasticity (QS8) Quick Quants | A-Level Economics Worksheets

02-4125-11222-01

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