University Preparation
Personal Research Project
With Immerse, participants can choose to study Economics remotely, in our academic online economics summer programme.
Our Online Insights programme will equip remote learners with the same understanding of economic theories and market analysis, the same opportunities for personal research projects, and the same in-depth discussions on global economic policies as our traditional Academic Insights in-person programmes.
Current undergraduate of the Imperial College London
Academic Insights Sydney
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Learn from mentors who are current or former students at top universities. Their personalised guidance will give you the insight and support needed to thrive academically.
What is economics?
Economics studies scarce resources’ production, distribution and consumption. The main problem? Human beings have unlimited wants, but we live in a world of limited goods. So how do you go about distributing resources?
There are two major categories of economics: macro and micro. Macroeconomics looks at the economy as a whole from a collective perspective. While microeconomics examines persons’ behaviour as consumers and producers from an individual’s perspective.
Why is it important to study economics?
Studying economics is important because it helps you understand how the market behaves. Every business needs to understand what factors affect prices, demand, and supply. Otherwise, they won’t know how to reach their target consumers. Resulting in low profit.
Studying economics also gives you an insight into your own spending habits. You’ll be surprised how a simple grocery trip can be full of economic principles at work. Awareness will help you make wise investments. And avoid pitfalls that get you into a cycle of debt.
In the UK, the Association of Graduate Careers Advisory Services’ Graduate Market Trends Survey 2021/2022 states that 59.3% of economics graduates work as Business, HR, and Finance Professionals. These include careers such as economists, data analysts, accountants, auditors, and statisticians.
The US Bureau of Labor Statistics projects a 13% employment growth from 2020 to 2030. That’s above-average growth compared to other occupations! Resulting in 1,600 job openings per year.
Immerse Education offers both online and residential courses for Economics. The residential course will be available in UK Cambridge and Oxford.
You don’t need prior skills, experience, or learning to take the Economics course. But having an active interest in the subject is valuable. Your expert tutor will provide work for you to complete before your economics summer course starts.
For 13-15 yr. old participants:
Introduction to Macroeconomics
What better way to introduce oneself to macroeconomics than by studying Adam Smith? Adam is one of the most famous economists of all time. In fact, he’s known as the Father of Modern Economics! In this session, you’ll learn through Adam Smith how macroeconomics affects the world. You’ll also understand normative and positive statements, the ‘invisible hand,’ and what ‘scarcity’ is.
Introduction to Microeconomics
Here you’ll dive into university-level economics. Topics include Production Possibilities Frontier, the different types of elasticities and comparative advantage, specialisation and gains from trade.
What are Markets?
What affects a market’s good or less good outcomes? There are five factors: market power, adverse selection, moral hazard, externalities and signalling.
Project Presentation
You’ve worked independently throughout the two-week course. Now it’s time for an exciting one-day mini-conference! You’ll present and discuss your relevant findings on your assigned Capstone Project with your peers and tutors.
There’s more! You’ll finish with a workshop and review session to learn about applying for economics, business and management degrees. And you’ll discover career options that will be available to you afterwards.
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For 16-18 yr. old participants:
Introduction to Econometrics
What’s econometrics? Econometrics uses mathematical methods to describe economic systems. This module will teach you how multiple regressions allow researchers to control variables that would otherwise confound one’s results. And the common tools you can use to test hypotheses and estimate causal effects. You’ll learn methods including natural experiments, regression discontinuities, and instrumental variables.
Development Economics
Why do some countries have more advanced economic development than others? Discover the roles of poverty traps, education and nutrition within this context. You’ll also explore how economic interventions such as microfinance and cash transfers help reduce poverty.
Auction Theory
What happens in an auction? You can view it as a game where players bid without knowing their opponents’ bids. So Auction Theory investigates bidders’ behaviour in auction markets. You’ll use game theory in this class to analyse various auction formats. These include first and second-price auctions and all-pay auctions. After this tutorial, you’ll be able to predict how people bid. And you’ll put predictions to the test by live auctions in the classroom!
Project Presentation
You’ll attend a one-day mini-conference to end the course with a flourish! Where you’ll present and discuss your findings on your assigned Capstone Project. You’ll also experience a workshop and review session to learn more about applying for economics, and business and management degrees. And you’ll also discover the potential career options that will be available to you after.
Motivated participants aged 13-18 are best suited for the Economics courses. Those looking to take economics, business, and management at the university will have a tremendous advantage over competitors.
Do you want to learn from expert tutors at the University of Cambridge? Then, you will love this course!
Immerse Education integrates Content and Language Integrated Learning (CLIL) to support ESL students. This approach combines academic content with language development, ensuring that students improve their English proficiency while engaging with subject-specific material. Our experienced tutors use a variety of techniques to enhance understanding and language acquisition. Additionally, they provide personalised feedback and support to help students master subject-specific terminology.
Schedule a free call with one of our advisors, who will be able to answer any queries you have about our programmes
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