Scarlet Mackenzie
Scarlet is a first year Apprentice Analyst at Frontier Economics.
Why did you choose to study economics?
Economics interests me as it is everywhere. I love that I can apply basic theory to nearly every daily task, as it is so relevant to everyday life. My motivation for studying it was to develop a greater understanding of how our society works, and whilst studying it, I found deep interest in how it guides our behaviour, and how it relates to everything!
How would you describe economics?
It is an incredibly diverse subject, with a clear wide range even at first glance, as seen with micro economics, (which is focused on individual markets, consumer behaviour, competition and market failure) and macro economics (which focuses on the economy’s health, international affairs, policy, development and so much more). Economics can also be viewed through many lenses, such as through a historical lens, political lens, statistical or finance focused viewpoint.
If you had a time machine and could meet your 16-year-old self, what advice would you give them?
I would say to continue to work hard. Try out everything you think may interest you, look for multiple routes for your future, not just the conventional ones. You are allowed to change your mind, so gain as much experience in what you enjoy as you can, and see what comes out of it!
What is your favourite part of economics?
I keep up to date with the news quite often, and I love seeing economic theories be replicated in these stories. Economics is so current, and it really interests me to be able to read something and understand what the outcome will be, based on a particular model, and then I can adapt my behaviour to suit this outcome. This is not only interesting to view passively, but it also helps me develop critical thinking skills.
Is there anything you would do differently if you had the chance?
I would definitely have obtained more experience. Experience of economics, yes, but of working, of talking to people in Economics roles, and in discovering what economics can do and where it can take you. If anyone is looking for inspiration or tips on studying economics, you can find this on the account I run @assetfoundation, which aims to encourage young women to study economics.