One common question from students at this time of year is about recommendations for which university they should apply for. Students, of course, should think about many factors including proximity to home, relative cost of study, relative cost of living and the type of course they wish to undertake. Economics is a common subject to be delivered around the country but each institution will place its own spin with varying degrees of concentration on the individual topics within the core content. In particular, students should look carefully about the numerical content of the course and ask themselves if that matches their requirements and/or skills.
For a student that may be aiming high or looking for some guidance, they could do a lot worse than consider the 'Complete University' guide on where to attend. The guide uses criteria such as entry standards, research reputation, student satisfaction and job prospects to rank universities. Likewise, students may wish to consider the Times Higher Education World University Rankings if they are setting their sights a little wider.
The list below shows the 'Complete University' guide's top 10 and gives a little detail on each, as attained from the university's own publicity. The number in brackets is last year's rankings.
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Cambridge University (1)
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The Faculty of Economics at Cambridge has roots going back to the 1890s. Though frequently marked in the past by fervent internal academic debate, over theory, ontological approach and methodological orientation, the cumulative contribution of Cambridge economics to the development and evolution of the discipline nationally and internationally has been profound and unique. Cambridge has repeatedly attracted international recognition and distinction by spawning some of the leading economics thinkers and paradigm changers of the times, including, for example, Alfred Marshall (one of the founders of Neoclassical economics), John Maynard Keynes (his general theory of employment, interest and money), Joan Robinson (capital theory), Richard Kahn (multiplier theory), James Meade (international economics), Nicholas Kaldor (increasing returns and economic growth), James Mirrlees (taxation), and Partha Dasguta (poverty and environmental economics). During the 1970s, the ‘Cambridge School of Post-Keynesian Economics’ was a frequently used term to describe the distinctiveness of the research undertaken in the Faculty. The Faculty can boast several Nobel Prize winners over the past century.
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Oxford (3)
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Oxford's department of Economics is one of Europe's leading research departments and its members include some of the world's most distinguished academic economists. Amongst the current faculty, 14 are Fellows of the British Academy, 4 are Foreign Honorary Members of the American Academy of Arts and Sciences, 13 are Fellows of the Econometric Society and 7 are Fellows of the European Economics Association. Six Nobel prize winners in Economics – Sir John Hicks, Lawrence Klein, Sir James Meade, Sir James Mirrlees, Amartya Sen and Joe Stiglitz – are former members of the department. In the most recent UK Research Assessment, Oxford Economics had more research output graded as world-leading in terms of its originality, rigour and significance than did any other economics department in the United Kingdom.
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Warwick (2)
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The Department of Economics was one of the original departments of the University of Warwick when it was opened in 1965. Since its founding, the Department has become one of the largest departments in the discipline and is now widely regarded as one of the top Economics departments also across Europe. The Department has an academic staff of around 90, including 25 professors. It has approximately 1,200 undergraduate students and 300 postgraduates.
Both economics research and teaching emphasise modern economic analysis and quantitative methods. These have been key underpinnings of the work of the Department since its inception.
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University College London (5)
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The appointment of John Ramsey McCulloch to the chair of Political Economy at UCL in 1828, supported by funds raised in memory of David Ricardo, established the first Department of Economics in England. Jeremy Bentham was a major intellectual influence on the founders of UCL and Joseph Hume was a member of its original council. Two years later Say himself was appointed to the first Chair of Political Economy in France at the College de France in Paris.
The department of Economics has an outstanding international reputation in key areas of current research. It is the only department of economics in the UK to have received the outstanding grade-point average of 3.78 (out of 4) in the 2014 REFwith 79% of all indicators of output rated at the highest 4* level.
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London School of Economics (4)
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The LSE Department of Economics is one of the biggest in the world, with expertise across the full spectrum of mainstream economics. A long-standing commitment to remaining at the cutting edge of developments in the field has ensured the lasting impact of its work on the discipline as a whole. Almost every major intellectual development within Economics over the past fifty years has had input from members of the department, which counts ten Nobel Prize winners among its current and former staff and students. Our alumni are employed in a wide range of national and international organisations, in government, international institutions, business and finance.
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St Andrews (13)
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The School of Economics & Finance is consistently ranked the top Economics School in Scotland. Their research was highly rated in the most recent Research Assessment Exercise (RAE 2008) with 55% of our research rated as ‘world leading’ or ‘internationally excellent’. They have a structured and rigorous foundation of economic concepts, principles, analysis, techniques and knowledge. Their strengths include applied theory, dynamic macroeconomics, finance, household economics, competition, innovation and climate change.
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Durham (7)
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Durham a world class reputation for research and teaching; our research is broad ranging and far reaching and includes theoretical and applied economics, economic growth and policy, behavioural economics and finance, and accounting. Courses concentrate on the fundamental theories and techniques to help you build a successful career in this competitive field. Taking in historic and current, domestic and international perspectives.
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Bath (6)
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The Department has a strong international research reputation in mainstream economics. The University campus is compact, safe and vibrant with world class sports facilities. The campus is situated 2km from the centre of the beautiful historic city of Bath.
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Nottingham (9)
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The School of Economics at The University of Nottingham is a recognised global leader in its field.
High-quality research feeds into its teaching; they were ranked 6th among the UK's economics departments for research power by the Research Excellence Framework 2014 with research acknowledged as among the most significant of its kind anywhere in the world.
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Exeter (10)
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Some aspects of Economics courses at Exeter:
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