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Universidad Complutense de Madrid - UCM

speciality: Economics

3.0

What Is an Economics Degree?

Are you passionate about the business and finance sector? Do you follow the national and international news? Then, an Economics degree is the answer. It has always been one of the most sought-after degrees amongst youth. 

Economics degrees are designed to tackle all the issues that have an impact on financial situations, ranging from production to how resources are used. Candidates are trained to understand how the economy suffers fluctuations based on the market’s needs and wants followed by the market’s supply and demand.

By far one of the most crucial elements is that economics is divided into microeconomics and macroeconomic. Microeconomics deals with the economic behaviour at an individual level (companies, buyers, sellers and others), whilst macroeconomics illustrates the bigger picture, on a national or global scale (unemployment, economic growth, inflation and so on).

Benefits of an Economics Degree

Having an economics degree increases anyone’s chances to find a job, regardless of the field. This is mainly due to the fact that graduates hold many transferable abilities, such as analytical and problem-solving skills, that are suitable for any career. 

A study made by the London School of Economics and Political Science showed that graduates from an economics course have a starting salary of £33,000 per year. Having a job in the field right after graduation is a major positive aspect and comes with a lot of opportunities for career advancement.

Economics Degree Structure

Economics degrees are usually a three years commitment and sometimes are offered as part of a joint degree. This means that Economics can be studied along with another subject such as engineering, management, law, computer science and others.

This degree can be found either as a Bachelor of Science (BSc) or Bachelor of Arts (BA). The BSc focuses more on economical theory and statistical techniques, while BA is combined with social sciences and qualitative modules. 

3 Student Reviews

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  • Applied Mathematics ...
    and Economics
    avatar
    Review

    The Universidad Autónoma de Madrid (UAM) is an esteemed public research institution situated in Madrid, Spain. Its academic offerings in the sciences, social sciences, and humanities are highly regarded. UAM has a dynamic student community and an active campus life, making it an excellent destination for education.

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    Programme: Applied Mathematics and Economics
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: On Campus
    Campus: Madrid
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  • Applied Mathematics ...
    and Economics
    Inés
    Excellent teachers and interesting subjects

    I loved the double degree that I chose but the most important thing that the university could improve is being a little bit closer to the students so that they feel part of a community. On the other hand, all of the members of the university are good professionals who teach you about other aspects of life

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    Programme: Applied Mathematics and Economics
    Degree: Bachelor's
    Delivery Type: On Campus
    Campus: Madrid
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  • Economics
    Alberto
    Disappointed after more than 25 years of work experience

    I am an Economist from the UCM, my professional activity focuses on strategic consulting (as CEO in a Consultancy) I am a professor in several master’s degrees and in several private business schools.

    I have to admit that of the 5 years of my career, I could have had more than 4.5 years. What I have learned in the University, professionally, has not been absolutely worth me at all. The processes of evaluation of professional profiles of senior graduates have a less than 5% fit with the needs of the labor market.

    Several teachers told me, “You come here to approve, not to know, that will already be done in the company.” This left me with a very bad taste in my mouth. The truth is that over time I understood this phrase, most teachers do not have work experience, therefore they can hardly teach anything beyond theory. This makes the University Educational System bad, or worse. And if to this you add the arrogance of some professors, professors or department directors, it makes it possible to introduce the debates in class or question the didactic system ceases to be a democratic act, to enter into a feudal model of homage and seigniorage.

    I remember that in my curriculum, there were 4 years of History, something that only corresponded to the political force that the History department had. The curricular programs were bad, priority was given to the political interest of the Institution (Universidad UCM) rather than to the academic capacity of the students, something that should not be far from a scam.

    On the other hand, teachers 70% were bad or very bad, played with the programs at will, they were missing in an unjustified way, their didactic capacity was not scarce, in most cases it was non-existent. It does not matter that in class they said some asshole, if you did not reproduce it in the exams in a literal way it was impossible to approve.

    And even today, the ANECA, which focuses on evaluating the academic programs of the universities, does not exercise ex officio a rigorous review of the compliance of these programs by universities. Regrettable.

    As a final conclusion, I feel cheated, OFFICIAL UNIVERSITY DEGREES ONLY VALUE TO OPPOSE (and as a basis), if you want to find a well-paid job you should start looking for other types of private degrees that teach you how to do important things, such as titles from Oracle MDB 1 year of study 6 months to get the Official Certificate and gain 50% to 70% more than a computer engineer, or in eCommerce, or BigData, or programming in Blockchain. If the University does not change drastically it is dead.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2018
    Campus: Madrid
    Overall

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