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Economics Personal Statement 2

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.


DISCLAIMER: The personal statements on this site are strictly meant as a starting point to give an idea of how successful personal statements look like. There is no surefire formula to writing good personal statements. COLLEGELAH IS STRICTLY AGAINST PLAGIARISM OF ANY KIND. UCAS employs a plagiarism check system that checks applicants’ work against other published writing so please DO NOT PLAGIARISE.

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LSE Economics Application Q&A

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1. Tell us a little bit about yourself. Where are you going, and are you under a sponsorship (if applicable)?

The course I applied for was BSc Economics.

2. What was included in the application process to your university?

The application process was really easy, all I had to do was the personal statement. After that it’s just filling up my details on UCAS.

3. Were supplements required as part of your application?

Thankfully, supplements or anything additional weren’t needed for the application.

4. What did you include in your personal statement?

In my personal statement, I talked about how my passion for economics came about. It’s important to support your claim too by telling them things you have read or have done related to this field. It wasn’t easy trying to identify how I suddenly had an interest in the subject, so I had to dig real deep to find the truth. And then there were lots of economic issues that I was already into so I wrote about them. After that, I told them about what I like doing and my extra co-curricular activities. I wrapped up my personal statement with a sweet last sentence.

5. Did you have to take any admission tests?

Economics courses at most universities (including mine) don’t usually required any sort of test to be taken.

6. How was the interview session (if any)?

Fortunately, I did not have an interview session.

7. What do you think contributed to your success of your application?

I think being truthful about my interest was the element that contributed most to my success. I did not have any work attachments, nor did I have any amazing ECAs or academic achievements to write about. It was just me writing about my interest. Also, I think relating my life experiences to economics was really important. I literally had to go around town just to gain inspiration from events happening around me and then I related these to economics.

8. What advice do you have for future applicants? Is there anything else that you would like to share?

If you are applying, be sure to be honest and really down to earth in your application. Having lots of PS drafts are normal, I did so many drafts before submitting. Also, if English isn’t your first language, it can be tough putting your ideas to words, so don’t be afraid to get some help for that.


The writer will be studying economics at LSE and will be sponsored under JPA. Also, the writer LOVEs making up and imagining meaningless but funny stories with his/her friends. The writer is also single. 😉

Economics Personal Statement

This Economics personal statement got her the opportunity to pursue Economics at London School of Economics, University College London, University of Edinburgh and University of Manchester.


Fairness in the economic world? Non-existent, full-stop.  The richest 1 percent control 39% of the world’s wealth, according to CNBC’s website.  Splurging and squandering of wealth is an everyday affair without raising an eyebrow in some societies. Contrast this to the millions for whom paradise means a decent meal. Why does this indecent disparity occur? This gnawing question has been with me since I was old enough to witness the differences among people. A random read on macroeconomics opens up answers which have long evaded me and suddenly it dawned on me that this is the path that I want to take, and become a respected, innovative economist researching uncovered fields for the betterment of mankind.

The beauty of Economics lies in its intricate self-explanatory diagrams, simple yet powerful assumptions and complex yet precise mathematical models; all invaluable to fully understand the key concepts. Why does a senior citizen pay lesser than I do for a bus ticket ?  Why do flight tickets cost more at peak seasons? Learning the reasons behind these price variations and elasticities in Economics and their potent effect in increasing total revenue makes me appreciate the practicality of Economics in our daily lives.

In the book “Maonomics” by Loretta Napoleoni, the Chinese have successfully devised a framework of “capi-communism”, applying capitalist principles to overcome the imperfections of communism and I believe this has propelled China into a major economic powerhouse. However, China’s increasing rich-poor divide is now a matter of concern as it will create adverse implications on the social well-being of its citizens and present future economic problems that will have to be tackled. The book “Adapt” by Tim Harford suggests that success always begins with failure; but I am of the view that although experimentation is vital in a business’s success, careful and strategic planning will minimise this.

The satisfaction I derive from proving complex equations and solving demanding problems fuels my interest in Further Mathematics. This led me to the National Mathematics Olympiad Competition where I represented my school. The brilliant manipulation of areas on the Lorenz curve diagram and the use of statistical approach to find the Gini coefficient, a measure of income inequality show the immense contribution Mathematics makes to the study of Economics. Econometrics is the area that particularly interests me due to my penchant for Mathematics-related studies and because I find using statistical models to provide empirical evidence to economic theories intriguing. A brief job attachment at an accounting firm has provided first-hand knowledge of how each cost factor impacts the final cost on production and services. Furthermore, by working with the accountant on a company’s profit and its tax obligations, I learnt the correlation between tax rate and productivity; lower tax rate will fuel productivity but a higher tax will be needed to cover revenue for development and welfare programmes, therefore a fine balance needs to be worked out.

Being an athletic person, I have actively participated in numerous marathons and charity runs which have instilled values of perseverance and discipline in me. Volunteering at various Children’s Homes has given me experience in dealing with children with different needs, requiring different approaches, akin to using myriad methods when dealing with challenging economics problems. As chief editor of my school’s Golden Anniversary magazine, I led various teams in the evaluation of articles, designs and costing in coming up with the exclusive issue within a challenging time frame. The project provided me with useful lessons in team work and time management.

As a government-sponsored student, I value the opportunity given to me to read economics in the United Kingdom, where I will be able to study economics from an international perspective.


DISCLAIMER: The personal statements on this site are strictly meant as a starting point to give an idea of how successful personal statements look like. There is no surefire formula to writing good personal statements. COLLEGELAH IS STRICTLY AGAINST PLAGIARISM OF ANY KIND. UCAS employs a plagiarism check system that checks applicants’ work against other published writing so please DO NOT PLAGIARISE. 

Should I study Economics?

Q:

How do I know if I should go for Economics? Does it involve a lot of mathematics? If I dislike numbers but really like the qualitative part of economics, should I still go for it?

A:

Economics is highly mathematical in prestigious universities like Cambridge, LSE, UCL, Warwick etc. A LOT of statistics will be involved. In the US, the course is more flexible in the sense that we get to choose if we want to do more maths or otherwise. However, some statistics and mathematics will be involved. You should check the course structure of different universities to get an idea of what an Economics major actually studies. Politics, Philosophy, Economics (PPE) is a course which you could consider if you prefer to do less maths. You can find out more here.

Answered by: Cheah May Lyn, who will be will be pursuing her Economics degree in University of California, Berkeley fall 2014.  


I think to put things into perspective, the LSE Economics course is probably as mathematical as it gets. Aside of course if you would like to take up mathematics and economics as a degree.  An example of universities which employ a more qualitative approach to Economic would probably be unis like Nottingham, Oxford, Manchester and perhaps Durham. So you may want to aim for those universities if you think you would prefer a more essay rigorous course.

Answered by: Kaelan Ong Wei Ern is an incoming second year Economics student at the London School of Economics. At present, he holds the position of Equity Analyst at Global Platinum Securities, an Ivy-League long-only investment fund and is Vice President of the LSESU Emerging Markets Society.