I intermediate level of Economics broadened my reasoning
I developed interest in studying Economics the very day I was introduced to the subject in my first year in the secondary school. Although I had the penchant to become a Financial Management Specialist, I realized that I could hardly become a successful one without studying Economics. This underpinned my resolve to combine Economics with Accounting during my undergraduate studies. My exposure to the intermediate level of Economics broadened my reasoning and decision-making skills which further deepened my interest in Economics. I have realized that Economics is important in every aspect of human life and that the study Economics offers a plethora of Vista. As Finance Manager, I employ both micro and macro economic data in taking financial decisions that will be in the best interest of my employers and stakeholders of the firm. For example, I consider economic factors such as inflation, interest and exchange rates and the principle of opportunity cost when performing my financial planning and treasury management functions. Apart from helping an individual to make rational choices, decisions or maximize any resources no matter how small, the study of Economics enables one to evaluate the effect of economic policies on the welfare of citizens. It also helps to evaluate government policies on households, firms, markets and the general economy of a country.My country, Ghana, is currently faced with several economic and financial challenges notably persistent budget overruns, deficits, and weak budgeting, policy formulation and implementation system which further aggravates the country’s problems associated with fiscal management. The problem entails improper planning and budgeting, inability to set realistic spending ceilings, improper prioritization of spending policies, ineffective monitoring and evaluation of public expenditure, inability to ensure accurate and timely information flows among the appropriate government institutions and inability to monitor MDAs to give good and proper account of the use of financial resources.While I think knowledge in Economics and Financial Management suggest these problems could be solved through stringent macro fiscal policies, improving and introducing rigorous tax administration – tax assessment, collection, auditing, and record keeping, establishing rigorous, modernized and computerized tax collection systems to reduce the level of corruption and increase the tax base which will increase the tax revenue of the country, strengthening budget preparation and policy formulation processes, setting targets and achievable spending ceilings, improving expenditure monitoring and control systems, establishment of rigorous systems to ensure compliance of financial regulations, I have realized that my knowledge and analytical skills in economic decisions, analysis and management run wide but lack academic and practical depth. I believe having a Master of Economics degree, preferably being trained under University of Glasgow’s Masters in Economics programs would equip me with up-to-date knowledge and arsenals in Economics to be able to delve deeper into problems of these nature, effectively evaluate possible solutions and come up with workable models or solutions. Studying at the University of Glasgow Adam Smith Business School successfully combines a balanced system of theoretical and practical acquisition of knowledge and skills which are a necessary requirement for the fulfillment of my career goal. The opportunity to learn from or work with research-active economists and faculty members is my greatest motivation. The school is also characterized with advanced academic and research facilities and is internationally acclaimed for producing enterprising graduates. These qualities underpin my choice of the university for my graduate education.I consider myself a good candidate for this programme because of my rich and diverse academic background, professional and research experience. My undergraduate degree exposed to me various Economics courses such as micro and macro economics and economics growth and development which have given me the relevant fundamentals of Economics to build upon. Macroeconomics was very interesting as it exposed me to the the behavior of an economy as a whole as a result of changes in aggregate or economy-wide phenomena such as unemployment, inflation, growth rate, GDP and the factors that controlled them. croeconomics was the most interesting course as I studied how firms, households and individuals, like myself, make decisions about allocation of scarce resources in the midst of competing wants or alternative uses of resources. I also learned how microeconomics and macroeconomic interdepend and complement each other. Besides, my excellent quantitative background has prepared me to succeed in any study program that requires mathematical rigor such as the MRes in Economics. Mathematics and Quantitative Methods courses at both the undergraduate and graduate levels which introduced me to useful mathematics subjects like calculus, linear algebra and fundamental statistics and probability. These quantitative courses taught me how to use mathematical methods to describe real-life problems or systems. I have learned to apply statistical techniques in evaluating and testing theories as well as analyze or explain the relationship between variables. During my graduate education, my Quantitative Methods cum Research Methods professor, Dr. Tuffuor, introduced me to the use of mathematical tools such as Maples, SPSS and MS Excel Solver Add-in where I learned to use mathematical applications to solve complex equations and mathematical problems which include unknown variables. These altogether gave me a solid mathematical foundation. My finance background has also exposed to other complex mathematical modeling including stochastic modeling which is used to estimate probable outcomes under various conditions and thus making the model useful for forecasting. Moreover, the research projects I undertook at both levels of my university education have sharpened my independent research skills for a higher level research work.My past history of commitment to excellence equally makes me confident of my success in this program. I am described as outstanding, promising and someone who glows with enthusiasm and determination among my peers. I believe that one reasons behind this is my proclivity for success and quest for excellence. I always go the extra mile to “make it possible” in all my pursuits. Hence, although my parents were only able to afford less endowed schools secondary school, I managed to pass with distinction and gained admission into a top university in Ghana. This is further exemplified by my outstanding performances during second degree where I graduated with a cumulative GPA of 3.86 out of 4.00. I obtained 18 As out of a total of 20 courses and I am bent on achieving successive higher standard of excellence throughout my career. I look forward to bringing a high level of energy and enthusiasm to your program.Upon completion of my study, I would pursue a PhD to further sharpen my skills and broaden my knowledge in the field. Thereafter, with my interest and experience in the development sector, I would be able to secure a job as an Economic Adviser or Analyst with a Think-Thank , public or development organization and ultimately establish my own consultancy firm. Finally, I believe that my huge academic potential is yet to be explored. I am therefore looking forward to this opportunity to challenge myself once again to unearth my real academic potential. I would thus regard my admission to the programme not only as a great honour but also a responsibility and obligation to work harder. Finally, coming from a poor background, this will be an opportunity to showcase to my people and the whole world that no matter our background, through education, we could not only realize our potential but also as become useful to the world at large.