Economics Personal Statement: Examples, Tips, & How To Write It

The personal statement is an essay that is written with the sole purpose of providing information about yourself with the hope of getting selected by the University or college you have applied for. Economics Personal statement is a brief written essay that has to be submitted with many other materials mentioning your career and your interest in Economics, with your previous grades and any certificate that you have. A personal statement is a kind of way through which you can make the admission committee hear out why you are the best fit for getting admission to their college and how you will add extra value to their college after passing out with that particular college or university. 

This blog will help you as a complete guide for your Economics Personal statement. Start by explaining what is Economics personal statement, as we prefer starting by clearing the basics. If you are already familiar with the definition of what is a personal statement, you won't have any difficulties. Further, we will discuss how you must start with your introduction part, as this is a written essay structure you do not have any headings you just have to write clearly and simply. Which also makes it important to know how to end your Personal statement. You need to follow a complete structure and many other things that are mentioned below in this blog. So you should go through this blog to get a complete knowledge of what you need to do to get your Economics personal statement in the best possible way. 

What is an Economics Personal Statement?

Any economics personal statement could be defined as a paper that a student is going to write at a college or university when he or she wants to enter an economics higher study program. Wants and needs explain why the student is applying for the economics program, what he aims to gain after taking the course, and what his desire is from the completion of the course. Economics personal statement is among the most vital sections of your application since it is a determinant of your entrance to an excellent neighborhood school. 

Strategies for Economics Personal Statement Introduction

If you are writing an economics personal statement introduction your starting point can usually be the passion that you have for economics and why you would love to study it. You can either take help from any good essay helper as they can also help you out with this or You can also consider including the following strategies:

 

 

 

 

 

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Economics Personal Statement Structure

If you know how to write an essay structure do not think that you can follow the same structure as well, Although there is no hard and fast structure, you might find it easier to follow the below-mentioned structure of a personal statement while deciding what to write in the statement.

• Elements of the Personal Statement
• Reasons why this subject(s) has been selected
• How other current studies relate to your selected subject(s)
• Encountering and how these are linked to a certain field of specialization
• Interests and responsibilities and how they connect with your selected topic(s)
• Possibilities of your life after university
• Conclusion and why the instructor will find you worthy of being their student

How to Write an Economics Personal Statement?

We have prepared the best way of writing an Economics personal statement by understanding the requirements of Top universities in UK for accepting any Personal Statement. Use the following guide when preparing your economics personal statement.

• Research contemporary economics: You should not write an economics personal statement without doing a bibliographic study of present-day economics, what it entails, and the career opportunities that exist within the field among others.
• Go through the institute’s guidelines:  Know what your institute wishes you to concentrate on when you are writing your statement. You would further observe if they have provided any specific direction or cues, then stick to these and ensure that all of them are discussed in the write-up.
• Draft your outline: Once you have compiled all the different points and have identified which structure to employ, write an outline. Try not to focus on achieving the particular parts with total and utter precision at this stage. Do that in the next stage of your writing.
• Develop your full document: Based on the note you have made on each section, expand the different parts of the personal statement to its content structure. Then create the introduction the body and the conclusion. The kinds of change that might be made include replacing words that are clearly ‘out of place’ and points that seem ‘marginal’.
• Proofread: Since the personal statement is used during the shortlisting of candidates, there isn’t any room for any error when preparing it. Read through your work and eliminate any mistakes that you may have made while writing.

Economics Personal Statement Examples

You can use this example of economics personal statement as your economics personal statement sample as well, as this will provide you with complete knowledge regarding what and how you should write things. This example was sent to a university that was in the Top 20 UK business universities for international students. 

Example/Sample: That was why I wanted to begin studying Economics at university – to be fascinated by the incredible speed of their evolution. Development Economics is the course I have a keen interest in and I think that the most complex issues in the future are going to be economic. I find interest in contemporary problems, which are still current such as the distribution of scarce resources, ‘the tragedy of the commons’, globalization, world poverty, and so on.

From additional reading around my Economics course, I learned that historical economic models can be applied to current situations. One example that I found kind of interesting was ‘The Undercover Economist’ where Harford used Ricardo’s general farming model from 1817 to explain all sorts of things, including coffee shops and high rents in London. Recently, I read Collier’s ‘The Bottom Billion,’ having come across high taxation in poor countries article in the June 2015 ‘The Economist’. The attraction to differentiate, because that would stimulate growth, did appeal to me since it was in stark converse to the low taxation neoliberal discourse I had been exposed to. While some of the solutions mentioned by Collier are quite radical (such as military intervention), all listed solutions are quite reasonable and could be very efficient for the problem. Of course, I still have not read all or most of the solutions provided by various economists but I think it is a pretty interesting and complex task to come up with the solutions.

Ensure your Excitement for Economics

Here it is important to self-narrate why economics are relevant and why you want to study them. If you mention these things there are high chance that your application will be selected in the A-Z list of all UK universities. 

• Demonstrate your explanation in the treatment of mathematical concepts.
• Write about an event that made you aware of something local, national, European, or global economic process and explain why this would be of interest.
• If you have been learning economics already in your A level (or any equivalent), tell what part of the course has fascinated you most.
• To those who have never taken any course in economics, tell us what has made you develop that interest.
• What specifically do you like about the subject or the courses of your choice?
• Showcase your interest in various economics concepts and principles by mentioning them. 
• Also showcase your understanding of the different economic theory. 

Economics Personal Statement Tips on What to Include

• Your long-term goals: detail how your selection of degree relates to your vision for the future and your potential career path.
• Wider reading: I always recommend picking out one or two issues that affected you – just saying that you read ‘The Economist’ or ‘The FT’ or ‘Freakonomics’ or ‘The Undercover Economist’ won’t make an impression unless you add depth. Ideally, however, go further afield and write about something that you considered reading that is slightly less popular.
• Economics-related experience: discuss any type of job, duties, or non-academic interests and accomplishments that would be related to economics or which affirm skills matching the nature of economic studies.
• Other relevant insights: If you have completed an EPQ or economics-related summer school, or project, consider what knowledge or ideas that provided you.
• Demonstrate your skills:  list skills you possess that will help you as an economics student and skills that ensure you can take proactive roles in the course. They could be self-motivation, working as a team, problem-solving skills, logical thinking, time management, and communication.

Take this as a suggestion while you are applying for college or University, you might be applying for the best universities, but make sure that you also look for the best non-Russell Group Universities. These Universities might not be part of Russell group but still are considered good.  

What You Should Avoid

You can take expert advice to get knowledge of what are the points that you should avoid, like some of them are mentioned below and if you want someone to guide you throughout your Economics personal statement, you can Hire a good Essay writing service. 

• Avoid listing and do not just mention something briefly.
• A personal statement doesn’t mean giving the other person a list of the things one has to read or the activities you have done.
• Do not take up space attempting to explain special activities performed that may not apply or explain everything about the courses you are applying for.
• Avoid just expressing your ‘passion for economics’ and your enjoyment of the subject since your young age, tell the admission committee about how much it would be an honor for you to start university in your preferred educational establishment.
• Do not use erroneously use wrong grammar and spelling.

Conclusion

Economics Personal statement will help you explain to the admission committee of the college or university why you are the best fit for the college. For this, you need to mention everything including, your grades in economics subject, any certificates or extra learning classes that you took to show your interest in the subject, and how you can benefit the university after getting your degree from that university. This Economics personal statement applies to all the colleges and universities all around the world.  Even if you are Transferring to another university you must have to send your statement then also. You might have looked when understanding how to transfer to a university as well. As discussed in the blog starting from the introduction you need to take care of many things, your statement must be simple, clear, relevant, and engaging. Even though there are no headings still you have to follow a structure so that readers do not get confused while reading your Economics personal statement. The mentioned structure explains how you can avoid that confusion. For getting a better understanding go through the example that is mentioned in the blog, as this will help you in getting a complete understanding of the topic.