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Economics at Ernst and Young Recap!

As a student who has been keen to gain professional work experience with my degree, finding the right company has been difficult. So often I have seen the big accounting firms come to campus and immediately assumed that they are only interested in accounting students.

Today’s event conducted by the Economics Student Society of Australia (ESSA) and Ernst and Young demonstrated the array of job opportunities available to economics students. Too often we assume that an economics major can only land us a career working in academia or public policy. However it is important to understand and appreciate the valuable skills and thinking process one can gain from studying economics.

Most importantly it is the analytical thought process gained from the study of economics that makes an economic major so attractive to employers.

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‘Deficit’ – A Dirty Word In Politics

Minister for Finance, Penny Wong has released an eight page booklet outlining the ALP’s costings of the opposition’s policy pledges entitled Pre-Budget Deficit: Tony Abbott and the Coalition. Of course, the public doesn’t expect all such pledges to be implemented, but if they were, Labor predicts that the Coalition would put the budget $9 million into deficit, in 2012-13. The figure does not include savings the Coalition has promised to find: it is to be noted that the Coalition has failed to point out where these savings were to be made.

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ESA Careers Event Recap

Following the success of the ESSA Launch Night, we held our first cornerstone career-based event with the full support of the Economics Society of Australia on Wednesday, the 14th of March. Thank you to all members, including those who  signed up on the night or at our previous events, and more broadly to everyone that attended the event! The ESSA team hopes that you have gained important knowledge about the numerous job opportunities available to an economics student.

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A Fine Point

Edwina Economist is driving to an important meeting with her boss to discuss the prospects of her promotion. She is confident that she will get the promotion if she is punctual and relaxed. Unfortunately, she is running behind schedule. Edwina entertains the thought of speeding to 100km/h along a road with a limit of 80km/h – a road which she knows to have light traffic at this time of day and is monitored by speed cameras. This will get her to the meeting in just in time, and maximize her chance of promotion.

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Downing Lecture 2012 – GFC and Household Incomes

I attended my first Downing Lecture on Thursday night, and heard a fascinating speech by Professor John Micklewright, a research fellow from the Melbourne Institute. It was an interesting account on how the GFC had affected household incomes and income distribution across OECD countries. This blogpost will focus only on Professor Micklewright’s research on household incomes, starting with his findings and then giving you my response and reaction to his research.

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Replay: ESSA’s Launch

Dear ESSA members, attendees to our official launch event, and my wonderful committee,

Wow. I’m speechless, and well, you know me, I’m rarely speechless!

The sight I arrived to on Thursday night was phenomenal, I could hear the buzz and chatter all the way from the lifts! The vision we’ve always had for ESSA has finally become a reality: A room full of people getting to know each other, talking Economics and exchanging numbers.

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O-Week Report!

Wow what an O-week! Located on Professors Walk, the ESSA committee was hard at work trying to spread the word that… ESSA IS FINALLY HERE!! In just one week we’ve hit almost 200 members and we’re absolutely stoked! Thank you to everyone for signing up, listening to us go on about ESSA and asking questions! Keep them coming!!

It was quite hectic as the committee was still learning the ropes of creating a successful O-Week, so thank you for bearing with us!

Brendan manning the O-Week stall

 

 

 

 

 

 

 

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Economics in the Workplace: Consulting Internship at Deloitte

Okay, so as you are reading this, you may or may not have been sold on ESSA’s mission and vision to show how economics helps you in the industry. During this article, I would like to cement the view that economics helps in the workforce.

During the summer, I joined Deloitte for my internship, in Consulting (Strategy and Operations). This was a great experience and really helped to put to use the theories and skills we learn at university. During my project, there was a lot of economics, finance and accounting. However, economics really made it easier to decipher and get through the relevant tasks throughout the project.

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Academic Advice Day Launch!

Our new ESSA banner at today’s AAD Launch!

Today was ESSA’s first public appearance at University of Melbourne’s Academic Advice Day!

While the first year Commerce students of 2012 gathered for Academic Advice Day at the Spot, Joan and Esther set up an information stand along with other Commerce societies in the foyer. With the lure of a shiny exhibition banner and lollies for bribery we got to work recruiting.

 

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Economics Student Society of Australia (ESSA) – Welcome!

ESSA logo

Welcome to the Economics Student Society of Australia, more fondly known as ESSA!

So exactly who is ESSA? ESSA was founded in 2012 by a group of friends at the University of Melbourne who love Economics! During our first years of University we knew we loved economics, but had no idea where a major in Economics could take us. And VOILA, ESSA was born.

We are here to help you figure out how Economics can help you. We’re here to provide you with a support network, filled with both students and industry contacts. We’re here to provide you with a contact point to learn more about how Economics impacts you. We’re here to provide you with a forum of discussion.

We hope to provide you with that extra support we craved for when finding our feet at University.

Whether you’re in your first year or your last year, we hope to be a friend to you.

Now, enough about us… what about you? Click on more, go on, you know you want to.

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