Mathematics with Economics
Applied in: Winter 2013
University Offers: LSE, Bristol, Warwick, Southampton
I am amazed how mathematics can bring us to the boundaries of our minds and break up challenging problems into simple, neat steps. In my view, mathematics is not merely a cascade of complex numbers, formulae and axioms; it is logical thinking and the ability to approximate and evaluate something beyond what we can see or physically grasp. This is what makes it invaluable to the field of economics where mathematical theories and constructions help predict and solve issues for society at macro and micro levels.
My perception of mathematics as a constructive systematic approach was challenged by the book 'A Mathematician's Apology' by G.H. Hardy, exposing me to the beauty of mathematical language, offering precise complexity together with overwhelming elegance. The vast variations of applications no longer mean a mathematician is just 'a maker of patterns', but unveiled that they create the foundations of academia. I attended lectures by Marcus Du Sautoy where he discussed the idea of the Riemann Theory and prime numbers being fundamental to nature. This view of our surroundings having underlying connections to mathematics links with the concept of the golden ratio in the book 'Mathematics: A very short introduction' by Timothy Gowers. I was intrigued by how the most irrational of all numbers has inspired people from different disciplines to interconnect mathematics, which is intrinsically found in nature, to man-made constructions.
Having always relished challenges in advanced mathematics I attended a mathematics summer school organised by the Debate Chamber. This gave me substantial insights into first year undergraduate topics, for example L'Hopital's Rule. Looking at alternative methods to solve calculus problems and exploring ideas behind infinity fostered a deeper understanding of the branch of mathematics beyond the school syllabus.
Mathematics has fuelled my interest in economics. Relating individual problems whilst having practical applications on a large scale. On the AS syllabus I was captivated by the problems around trade within countries and how it can stimulate economic growth. This motivated me to research independently the potential outcomes of Germany leaving the Euro for my EPQ. I was intrigued by the limitations which the German Government imposed to resolve the existing problem of the Greek bailouts. On completing my project I realised that most of the disputes stemmed from politics. Behavioural economics as shown in 'Thinking: fast and slow' by Daniel Kahneman can crucially help predict human decision-making and biases. These rational choices are based on facts, which implies that there is more to play in the world of economics then just mathematical relationships. These external stimuli interlock intuitive and logical thinking.
Work experience at J.P. Morgan allowed me to further explore the link between mathematics and economics. Spending a week looking at various sectors of banking, I observed how statistical models help predict the market behaviour. Additionally, I have attended a 3-day program Step Up, Step In, ran by Morgan Stanley, which added to my motivation to join the Introduction to Investment Qualification (CISI) to learn more about the financial industry.
I have a genuine interest in subjects that compliment mathematics. Being a member of Science, Philosophy, Investment and Economics societies has helped me discover new ideas and concepts that allow me to unearth my real interests. I am a self-motivated and determined individual, which has been recognised through my assignment to the roles of President of the full boarders, non-commissioned officer in CCF and a prefect, whilst being a member of various sporting teams. Due to these commitments, I know that I will thrive under the pressure of a demanding mathematically focused degree because I can aptly balance my extra-curricular commitment with my academic work.