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Economics Applicant Thread UCAS 2012

Hmm, thanks I guess the root of my question is that if someone wanted to strictly avoid all jobs based on interest and insurance (due to religious reasons) would actuary be suitable for them. So when you say financial firms and actuarial firms, once you get in what do you think you will be doing exactly.
Thanks.

I don't know to be honest. I think you'll struggle to find an actuarial job that doesn't have some connection with interest or insurance, at the very least these things will probably be considered in your analysis. But I think you'll have to ask someone with more knowledge about this, both on the firms and the restrictions imposed by your religion.

Original post by Tateco

Get a response from whoever you were waiting for today? :smile:

Yesterday. :smile:

Was (as expected) rejected though. I screwed up the non-interview parts of the AC.

Reply 6521

Tateco

OP

14

Original post by alex_hk90

Yesterday. :smile:

Was (as expected) rejected though. I screwed up the non-interview parts of the AC.

Sorry to hear that, hope one of your other applications works out well for you! :smile:

Reply 6522

WalkerPrince

1

Original post by alex_hk90

Hmm, the only one I could find on TSR is a rather more simple one (about the relation between TR, AR and MR):

Spoiler

I might have just done the others on paper, it was four or five years ago so I really can't remember. :colondollar:

Pretty neat :biggrin:

I have a similar proof dealing with most of these, I'll post it soon. :cool:

Reply 6523

WalkerPrince

1

Original post by MWM

I have done A level maths and I found your mathematical explanations to be nice and clear. Did you come up with all that by yourself ? I would be very impressed if you did.

Good, and yes for the most part I did. If they were nice and clear to follow, you can probably guess they weren't hugely difficult to work out. :smile:

(edited 12 years ago)

Reply 6524

Kravez

1

For all those students who have done AS Edexcel or OCR Economics could you have a look at this thread?

http://www.thestudentroom.co.uk/showthread.php?p=35434931

Thanks.

Reply 6525

Abbyyyyyyy

Just a quick question, has there been any offers from UCL yet? Or any interviews? Beginning to think silence is a rejection for me :')

Reply 6526

zxh800

13

Original post by Abbyyyyyyy

Just a quick question, has there been any offers from UCL yet? Or any interviews? Beginning to think silence is a rejection for me :')

Yes. Groat and Lordvulture.

Reply 6527

funkydee

7

Original post by Abbyyyyyyy

Just a quick question, has there been any offers from UCL yet? Or any interviews? Beginning to think silence is a rejection for me :')

and Moiraclaire also has one

Reply 6528

stefl14

15

Original post by WalkerPrince

Some of you may find this interesting... (or tell me if I did anything wrong)

These are some fun proofs in Micro-economics

http://www.langtoneconomists.co.uk/Faculty_of_Langton_Economists/Blog/Entries/2011/12/18_Making_Sense_of_Microeconomics_-_The_Firm.html

Some of these are nice, but they don't necessarily need to be proved mathematically in order for A level students to understand them. All of these assumptions can be derived intuitively. I do however think that they should use maths in A level economics - it would be far more fun!

Here is another one proving that MC is the inverse supply function (supply curve) in a perfectly competitive market.

profit = PQ - C(Q)

differentiating the profit function w.r.t Q and setting P as a constant (since each firm is a price taker and has no influence over the market price) gives

P - C'(Q) = 0 at maximum

Therefore P = C'(Q) = MC

(edited 12 years ago)

Reply 6529

perrytheplatypus

14

I am so envious of you lot with your proofs...I can understand the logic but would never be able to come up with them myself :redface:

A level economic is supposed to be accessible to those not doing maths...kind of ruins it but I suppose I understand. Not everyone taking economic wants to do it at university...

Reply 6530

funkydee

7

Original post by perrytheplatypus

I am so envious of you lot with your proofs...I can understand the logic but would never be able to come up with them myself :redface:

A level economic is supposed to be accessible to those not doing maths...kind of ruins it but I suppose I understand. Not everyone taking economic wants to do it at university...

Physics at A-Level is really only accessible to those doing Maths, personally I think they should change the Economics course!

Reply 6531

Tateco

OP

14

Original post by funkydee

Physics at A-Level is really only accessible to those doing Maths, personally I think they should change the Economics course!

I can see why they haven't, if everything is taught as it should be then all the sciences would be cut off from people that can't do Maths at all. This way, people interested in Arts subjects which still link in (like History with Economics) can still learn about it without being restricted by their mathematical ability.

Reply 6532

fredbol

Original post by perrytheplatypus

I am so envious of you lot with your proofs...I can understand the logic but would never be able to come up with them myself :redface:

A level economic is supposed to be accessible to those not doing maths...kind of ruins it but I suppose I understand. Not everyone taking economic wants to do it at university...

I agree with this. The A-level economics course is designed to help people understand basic principles of economics, basic theory and modern-day application. It isn't designed as a stepping stone (although it often is) to university level economics, where the subject is incredibly mathematical. The spec. at A-level needs to be accessible to all those interested in learning about the subject, whether to aid them in understanding other social sciences or general interest.

Also, those wishing to take the subject at uni. will tend to look at the subject more mathematically anyway and may learn the proofs independently of curricular studies to give them a better understand or something, which is exactly what has been done on this thread.

(edited 12 years ago)

Reply 6533

fredbol

Original post by Tateco

I can see why they haven't, if everything is taught as it should be then all the sciences would be cut off from people that can't do Maths at all. This way, people interested in Arts subjects which still link in (like History with Economics) can still learn about it without being restricted by their mathematical ability.

I concur

Reply 6534

WalkerPrince

1

Original post by stefl14

Some of these are nice, but they don't necessarily need to be proved mathematically in order for A level students to understand them. All of these assumptions can be derived intuitively. I do however think that they should use maths in A level economics - it would be far more fun!

Here is another one proving that MC is the inverse supply function (supply curve) in a perfectly competitive market.

profit = PQ - C(Q)

differentiating the profit function w.r.t Q and setting P as a constant (since each firm is a price taker and has no influence over the market price) gives

P - C'(Q) = 0 at maximum

Therefore P = C'(Q) = MC

That's fine too, but the maths is just enlightened intuition. :cool:

That was a neat proof.

Something far tougher that I am trying to work out is this -
How can you show mathematically that : If the monopolist is able to perfectly segment the market (perfect price discrimination), then the average revenue curve becomes the marginal revenue curve.

Reply 6535

WalkerPrince

1

Original post by perrytheplatypus

I am so envious of you lot with your proofs...I can understand the logic but would never be able to come up with them myself :redface:

A level economic is supposed to be accessible to those not doing maths...kind of ruins it but I suppose I understand. Not everyone taking economic wants to do it at university...