london school of ecomomics

london school of ecomomics

Importance of London School of Economics

1. Introduction

There are several reasons why their students opt for an LSE degree. First, because of our teaching and true, fully-fledged research community, their academics are always on the cutting edge of societal matters and thus prepare the youngsters as experts in transferable skills in the world of work. LSE is famous thousands of miles away from the UK, and students have been coming here for the economies for about the same time. Permanent and visiting students come here to develop expertise in economics, political science, sociology, and even more in the field of their choice. Around the world, people are part of the clubs and societies, share a house, a home, and a classroom. Therefore, LSE is at the heart of everything LSE.

In this lesson, you will learn why London School of Economics is considered as the second best college in all of the United Kingdom. LSE is a public research university located in the heart of London. It is considered as the world’s leading place of academic research. Therefore, if you are looking for a recognized and important university, always consider LSE. The mission of LSE is to contribute towards the betterment of society, and that is exactly what they do, keeping the mantra at the heart. LSE produces graduates who think critically and make a positive impact in society. They become experts in how complex organizations in London and beyond work well, and these people are in great demand.

2. History of the London School of Economics

The story I have just told is a short history of LSE, but it doesn’t begin to convey the energy, excitement, and urgency of the founders’ vision. From the first building constructed in Houghton Street from bricks which Sidney and Beatrice auctioned for two shillings each; the excitement of the Fabian Society’s crowded meetings; the fierce, vibrant debates and campaigns of the students union; the diligent, committed, values-led reforms by Sidney as a public servant and thence by Beatrice as an advocate of social action; to the building of the Passfield Corner community centre – all these were embraced and embodied in Sarah Butler’s simple charge to press on and yet press on when all had to be faced and much endured.

A school of government was also in our founders’ minds. When Beatrice and Sidney Webb established LSE, they were clear that one of our purposes should be to train high-caliber graduates – men and women who had both a strong understanding of economics, but were also equipped with the skill to apply it to the problems of the real world. They wanted to focus on what they termed ‘applied economics’ – in other words, make a difference to national life. LSE became synonymous with economics; that we are the leading social science university in the world – no one doubts – was the achievement of others in different generations. But government and public affairs were also central to the original vision – that same spirit that embodies parts of what we are establishing tonight in the name of the Webb.

The London School of Economics and Political Science (LSE) is one of the foremost social science universities in the world. LSE is a specialist university with an international intake and a global reach. Its research and teaching span the full breadth of the social sciences, from economics, politics and law to sociology, anthropology, accounting and finance. Founded in 1895 by Beatrice and Sidney Webb, LSE has an outstanding reputation for academic excellence. 16 Nobel prize winners have been LSE staff or alumni. The School has around 9,700 full-time students from 140 countries and just over 800 full-time staff.

3. Academic Programs Offered

Additionally, students can also opt to study up to three programs simultaneously, as a minor, and can take some courses via online learning. Many students combine CEMS with a complementary Masters programme at LSE. The CEMS MIM is a joint degree delivered by CEMS School – The Global Alliance in Management Education – a consortium of business schools, multinational companies and NGOs, an elite club that LSE Entrance Exam Practice is proud to be a part of.

Accounting | Anthropology | Applied Geography | Banking | Business | Consulting and Management | Corporate Strategy | Cultural Studies/Ethnic Studies | Development Study | Drama and Theatre Studies | Econometrics | Economics | Employment Law | Entrepreneurship, Management and Organisation | Environment | Ethnic Studies | European Studies | European Union Law | Finance | Financial Law | Gender Studies | Government | Human Geography | Insurance | International Affairs | International Business | International Criminal Law | International Law | International Relations | Investigation and Counter-Terrorism | Journalism, Media and Communication | Labour and Employment Law | Labour Economics | Law | Legal Studies | Liberal Studies | Macroeconomic Analysis | Management | Marketing and Communication | Migration Studies | National Security and Cyber Security Studies | Organisational Behaviour | Penal/Procedural and European Criminal Law | Philosophy | Political Science | Political Sociology | Postcolonial Theories and Literatures | Property Law | Public Accountancy | Research Methodology | Risk Management | Social Policy | Social Work | Socio-Legal Studies | Socioeconomics | Sociology | Theories of International Relations | Tort Law | Trade | Urban Geography.

LSE offers degrees at undergraduate, masters and PhD level, as well as short courses for professionals. The full listing of subjects can be found here on the LSE website, but in summary, degree programmes cover any of the following areas of study:

4. Notable Alumni and Achievements

By promoting a mix of academic studies and practical application, the school has produced multiple world leaders in various fields. The London School of Economics is considered to be a leader in fields such as business, social sciences, and public policy. LSE posted the highest average score on a per department scale, ranking first in the UK in almost all departments, and became the top institution in the UK in this regard. The school has now reached the top three positions globally in recognized social science disciplines such as Accounting, Finance, Geography, Law, Social Policy, Social Work, and Criminology. Its Geography, International Relations, and Business and Management Studies courses are also ranked 1st globally.

The school has produced many notable alumni in various fields from politics, economics, journalism, and many more. Five former students of the London School of Economics went on to win Nobel Prizes. These include Constance Tipper, a leading materials scientist known for her breakthrough work on ductile-brittle fracture in metals; Amartya Kumar Sen, a professor of economics at Harvard and the recipient of the 1998 Nobel Memorial Prize in Economic Sciences for his work on welfare economics; Milton Friedman, an American economist and statistician who received the 1976 Nobel Prize in Economic Sciences and is best known for his theoretical and empirical research on the consumption analysis, monetary history and theory, and demonstration of the complexity of stabilization policy; and George Bernard Shaw, an Irish playwright who won the Nobel Prize in Literature in 1925. Economics is one of the most popular courses offered at LSE, and 17 of the school’s faculty members and alumni have received the Nobel Prize in Economic Sciences.

5. Conclusion

In conclusion, LSE is an important institution when it comes to all matters related to both economic and political considerations. Given the history and funding received by the institution, the world has over time recognized the role of the school. They have the best economics to view in the world of economics. Currently, LSE has its objectives to establish and maintain national and social cohesion in a global context. As such, the vision on achieving this is at par. The institution’s programs range wide. Therefore, a student who is choosing to visit the LSE must be well-focused on their studies to be able to get the know-how of the required areas. Many of the key programs consist of experienced lectures where one must see and hear to understand the topics given. The institution’s selection criteria are top-notch because acceptance is done through competitive merit and general consideration. In cases where students have shared ideas in one particular topic-specific group, they can opt to apply as a team.

It is also a matter to consider that renowned institutions globally do not only focus on the economic aspect or the political aspect of an individual, but rather on a broader perspective of economic and political considerations. They have been useful in getting ideological leaders and theorists who contribute immensely to the field of economics and political science. In view of the institutional operational principles and the impacts generated, it is a great place for someone to pursue their study at the London School of Economics.

London School of Economics is one of the best institutions in the world. While its courses span across a wide range of variables, the institution, due to its operational principles, remains influential in producing experts in particular fields such as political science and economics. In addition, previously, the institution played a major role in shaping economic policies. As such, graduates of the institution have been used as policy makers and policy advisors, thus making their programs recognized both in the field of economics and political science.