Whether your future career lies in financial services or elsewhere, the Cambridge University Economics course aims to develop your knowledge of the workings of economic systems along with a sense of the economic dimensions of social and political issues. While the specialised nature of this degree enables you to concentrate on studying economics in considerable depth, the course recognizes that economists need to employ modes of thought and techniques drawn from many other disciplines, among them history, politics, mathematics and statistics, and philosophy.
Economics at Churchill
Churchill College has a distinguished history in Economics, built up in large part by one of its founding Fellows, Frank Hahn. He was an economic theorist of the first rank who had command over the technical details of pure theory that was not surpassed by any economist of the time. He later became President of the Royal Economic Society (1986-89). Just as Winston Churchill had a vision of the college as an MIT for Britain, so Frank thought that Economics could play a similar role in a science and engineering oriented college as it did in MIT. He played an important role in reviving the Faculty of Economics at Cambridge as one of the world’s leading centres of economic theoretical research and teaching
An Economics degree from Cambridge is more than just a good general degree suitable for virtually all graduate careers. It’s a degree tailored to a finance career in the City or management consulting, and even to professional economics, perhaps working as an economist in the City, Treasury or Bank of England. You may even find your thirst for economics drives you on to take a masters or doctorate and a career in academic Economics, or work in an international institution such as the World Bank or IMF might await.
Nobel Laureates in Economics at Churchill
Bob Solow (from MIT), responsible for the famous ‘Solow growth’ model, has been an Overseas Fellow on several occasions and continues to keep in touch; the late Ken Arrow, famous for his ‘impossibility theorem’, was an Honorary Fellow; and the French-born American economist Gerard Debreu was a visiting Fellow. The 2016 Nobel Laureate, Oliver Hart (now at Harvard), was an early teaching Fellow and is now an Honorary Fellow.
A whole galaxy of other impressive economists have enjoyed Fellowships. The late Tony Atkinson, former Warden of Nuffield College Oxford and one of the most distinguished British economists, was one of the first undergraduates of the College, and (we think) the first to be made a professor, first at Essex, then London, then returning to Cambridge and a professorial Fellowship in the College before leaving for Oxford. He became an Honorary Fellow. Douglas Gale, a former research Fellow and Chairman of the Faculty at New York University, has also been a Churchill College Fellow. The College has hosted the Churchill Lectures in Economics, and has enjoyed lectures from Peter Diamond, Paul Milgrom (of spectrum auction fame), Douglas Gale and Ariel Rubinstein, all subsequently published by Cambridge University Press.
Economics Fellows at Churchill have traditionally been highly involved in the wider academic world, particularly the United States, Europe and Japan. Many former students hold high office in universities, international organisations, government and industry, often exhibiting a commitment to public service at a national and international level. The undergraduate training at Cambridge is an excellent preparation for professional economics, which is itself a key to policy making, business strategy, and intellectual challenge.
Finally, we would like to stress that Economics is one of the few subjects where those who enjoy maths, science, building rigorous arguments and testing existing theories can work happily in more analytical areas such as mathematical economics, game theory, statistics or econometrics, while those who enjoy writing essays, arguing their side of an argument and convincing others can specialise in more applied areas such as public economics, money and banking or industrial economics.
For more information and for all admissions enquiries, please contact the Admissions Office.
Winston Churchill Sixth Form Economics Prize
Our new Winston Churchill Sixth Form Economics Prize gives students in Year 12 the chance to win £150 and a two-day stay at Churchill. To win, predict the daily spot nominal Euro-Sterling exchange rate to four decimal places as of 1 June 2019 and give a commentary of no more than 400 words to justify their prediction.