Muhammad Azzam bin Mohd Yani is currently studying at the London School of Economics (2013-2016) under sponsorship from the Securities Commission. This Economics personal statement got him the opportunity to pursue Economics at other universities besides LSE including: University College London, University of Warwick, University of York and University of Exeter.
Reading “Economics at crossroads” by Matt Bishop fuelled my curiosity and efforts to understand more about economics. The US government still have not managed to reduce unemployment significantly despite countless measures. This implies that more effort is needed to fully explain such economic behaviour and there are many instances economists failed to agree on a common solution to an economic problem. I hope to be able to offer my own ideas and perspective in the field of economics. I am grateful that the Securities Commission of Malaysia had awarded me a fully funded scholarship to pursue an Economics degree in the United Kingdom. This scholarship will help me to achieve my distant dream to be a renowned economist.
Being passionate about world issues and current affairs, I have engaged in numerous forums and discourses. I went to a Model United Nations Conference last year as a delegate of the United States to discuss about the current developments in the US and also Eurozone. We discussed in detail of the US implementation of the Wall Street Reform and stressed on the importance of restoring public confidence in the financial sector. In addition to that, we analysed deeper into quantitative easing used by the US and other countries to weigh the risks and advantages of this measure. My participation in intellectual discourses has tremendously improved my knowledge of world politics and economics. Not only that, the conferences also prompted me to explore different contexts of economies and learn more about international relations.
My favourite subjects in A-Level which are Further Mathematics and Statistics illuminated me on how hypothesis testing is being done which will be of great help in making conclusions about the relationship between variables in economics. Studying Mathematics and also Further Mathematics in A-level have given me a solid foundation to embark on econometrics. Professor Dipak Basu’s book on “Economic theories, models and application” illustrated the importance of mathematics in economics through various applications in real life such as determining inflation and interest rate targets. I have also leveraged the use of social media such as Twitter and YouTube as a new learning platform where I can access to introductions of Game Theory, Coase Theorem and other economic ideas.
It is quite intriguing to learn about the different schools of thought such as the neo-classical and Austrian economics. The nature of this field which welcomes room for debates and dissenting views excites me. I have participated in many debate competitions including two major debate events, the Australasian Intervarsity and Asian Universities Debating Championship. Participating in economic debates is always exhilarating and trains me to do extensive researches, polish my persuasion skills, and sharpen my critical thinking. It is imperative for me to understand the complexity of important economic issues such as keeping debt-ridden countries afloat within the EU and many more. My fondest memory of debating is being able to win an economics debate against a team from Monash University, Australia which had won numerous world and regional debating championships. Debating also gives me the opportunity to socialize with fellow debaters from all over the world.
Another hobby of mine which is to spend long hours on chess games enhanced my strategic decision making and problem solving skill. I was once ranked 19th place at national level. I had also participated in the University Of New South Wales International Competition for Mathematics. I was grateful to be awarded the best student in my school and also the “Additional Mathematics Award” for two consecutive years. I took part in the “World Food Day” program in my college to pack and distribute food packages to the needy in developing nations. During my pastime, I enjoy swimming and ice skating.
Hence, I am highly motivated to perform at my best in the United Kingdom.
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