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Seven Economics Books to Read 'Before' Writing Your Economics Personal Statement

By Edited Dec 10, 2015 0 0

I know many of you (like I did) want to get straight into writing your Economics Personal statement then worry about editing it later.

Trust me, this isn't the best way to go about it.

As the personal statement is a great opportunity to show the admission tutors that you 'know what you are talking about' and that your knowledge goes outside of the Economics A level curriculum. As universities want to see that your economic knowledge goes 'beyond'.

And what better way to do this then sound like you know what you are talking about, but how to do this?

Read books by leading Economists.

And by reading economics books it also shows that you are doing wider reading around the subject that you are wishing to study - which can only ever be really seen as a positive thing.

So here is a seven book list, I recommend to give a good read with a few notes here and there before writing your personal statement. Hence improving your Economics application and perhaps you could write a few blog posts around if you are creating an Economics blog.

1) The Undercover Economist - Tim Harford.

A really great introduction to Economics, a rather fun read in the informal style set by Tim Harford, but don't let that put you off, there is definitely decent content hidden behind this front.

He issues two major points within the book that of scarcity hence supply and demand, and that of why prices are set according to information from both parties (buyer and seller).

2) The Armchair Economist - Steven Landsburg

One of my favourite Economics books of all - some real gems of information lie in this book. Really well put together in that it's simple yet contains many detailed economics arguments and ideas. 

Just really opens your eyes as to what is going on - is a rise in unemployment actually a bad thing? How the law of making it compulsory to wear seat belts could have caused even more accidents, than without them.

3)  Freakonomics and Superfreakonomics - 

Kind of cheated here by having two books - but I have combined them. Now I can't say I am the biggest fan of these books personally, but that doesn't mean you shouldn't read them.

They are after all iconic books to introductory economics and shouldn't be missed out in your reading list.

4) Predictably Irrational : The Hidden Forces that Shape Our Decisions - Dan Ariely

By probably my favourite economist of all, Dan Ariely - although this books does turn away from more mainstream Economics - as it is more towards that of behavioural Economics. It gives you a more diverse understanding of the psychology of Economics that is needed.

The book goes on to explain certain aspects of Human behaviour - for example that of the Placebo effect, he has many well presented experiments he has conducted, a really great read.

5) The Truth About Markets: Why Some Countries are Rich and Others Remain Poor - John Kay

Here Kay has a really well researched book that has mainly one aim: to provide the reader with an insight into how markets operate, whilst it should you provide you with an even further grasp of general economic issues.

Again, here is a book that just stretches what you know from AS Economics into a far greater understanding of what Economics is about - whilst trying to get away from Economics A Level curricular.

6) Free Lunch: Easy Digestible Economics - David Smith

Smith here presents us with the economic issues of today, in a rather concise manner - so although he presents many of the topics well, perhaps doing a bit further research of your own wouldn't be a bad idea.

Adding again to your general economic knowledge, but with a bit more of an history aspect to it, than the previous books.

7) Economics - David Begg

Now it is probably best to get this book second hand, but it is a first year undergraduate economics book. Now what better way to get an insight into actual economic theory that you will be studying at university, than an actual economics book.

Please trust me this book isn't at all hard to follow - every topic is well explained.

You will have a far greater understanding of Economics outside your curriculum and hence by making notes through this book you will naturally pick up more economic terminology that will reflect through in your Personal statement.

Also make sure to check out if the universities have a recommend reading list, I seem to remember certainly Oxford University does for Economics and Management.

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