Cambridge University is one of the most prestigious universities in the world. It is renowned for its academic excellence, and its economics department is no exception. If you are applying for an economics course at Cambridge, you should be prepared for a rigorous interview process.
What kind of questions can you expect?
The interviewers at Cambridge are looking for students who have a deep understanding of economics and can apply their knowledge to real-world problems. They will ask you questions that test your critical thinking skills and your ability to analyze and interpret data.
Here are some examples of the types of questions you might be asked:
Microeconomics questions
Microeconomics is the study of how individuals and firms make decisions and how these decisions affect the market. You might be asked questions like:
- What is the difference between a normal good and an inferior good?
- How do you calculate the elasticity of demand?
- What are the assumptions of perfect competition?
Macroeconomics questions
Macroeconomics is the study of the economy as a whole. You might be asked questions like:
- What is the difference between nominal and real GDP?
- What is the Phillips curve?
- What is the difference between monetary policy and fiscal policy?
Mathematical questions
Economics involves a lot of mathematical modeling. You might be asked questions like:
- What is the difference between a derivative and an integral?
- How do you find the maximum of a function?
- What is the difference between a linear and a non-linear function?
What are the interviewers looking for?
The interviewers at Cambridge are looking for students who have a passion for economics and a strong academic record. They want to see that you can think critically and creatively, and that you are able to apply your knowledge to real-world problems.
They are also looking for students who are able to communicate their ideas clearly and concisely. You should be prepared to explain your thought process and justify your answers.
How can you prepare for the interview?
Preparing for a Cambridge economics interview can be challenging, but there are some things you can do to increase your chances of success:
- Read widely: Read economics textbooks, academic journals, and news articles to broaden your knowledge of the subject.
- Practice problem-solving: Solve practice problems and work through case studies to develop your analytical skills.
- Be prepared to defend your ideas: Think critically about your answers and be prepared to explain your thought process.
- Practice your communication skills: Practice explaining complex ideas in simple terms.
Conclusion
A Cambridge economics interview is a challenging but rewarding experience. By preparing well and demonstrating your passion for economics, you can increase your chances of success. Remember to think critically, communicate clearly, and be confident in your abilities.
