With 20 active members in the Research and Academic Support Team the Research Division lead by Director of Research Rebecca Wu has been especially active this academic year.
THE RESEARCH DIVISION HAS TWO MAIN AIMS:
****“Richer Than You Since 1895?—A Study of Socioeconomic Diversity at LSE”****
****LSESU Economics Society Research Project 2014/15****
Inspired by the on-going debate about the diversity of students at LSE, the LSESU Economics Society Research Division decided to investigate further. How diverse are the socioeconomic backgrounds of LSE students? To what extent does LSE Graduate Support Scheme foster the diversity at LSE? To find out answers to these questions, check out this amazing poster! **Final report will be published in the Summer Term. A big Thank You to: Ole Agersnap Vinit Agrawal Jan Friedemann Tvisha Nevatia Anne Philine Manoj Paudel Shantanu Singh Lukas Bolte Carey Chen Anthony Cilluffo Pinar Gorgulu Fergal Hanks Vladi Mankov Alberto Martelli Neelgoon Safdar Alex Tse Hayden HoTing Wong Rebecca Wu
The Economics Society Research Division wants to know who you are!
After the roaring success of the Student Inflation Index and there Student Labour Force Survey, the LSE SU Economics Society is back this year, armed with a study that will finally tell the story of the students at LSE. Where we come from, how we get here, and put together the puzzle of how the vibrant student body at LSE is put together!
This is your chance to join us in our efforts! You can help us by filling in this 5 minute survey
As a thank you, we will put your name down for a chance to win one of 10 Amazon vouchers of upto £100 !
Wishing you a very happy holiday season,
LSE SU Economics Society
‘Richer than you?’
LSESU Economics Society Studies Socioeconomic Diversity at LSE
The Economics Society Research Group. L-R: Carey Chen,Jan Friedemann, Ole Agersnap, Pinar Gorgulu, Shantanu Singh, Tvisha Nevatia, Anthony Cilluffo, Manoj Paudel, Vinit Agrawal. Not pictured: Lukas Bolte, Fergal Hanks, Anne Kersting, Vlad Mankov, Alberto Martelli, Neelgoon Safdar, Alex Tse, Hayden HoTing Wong and Rebecca Wu.
In the previous nine weeks there has been an ongoing dialogue regarding the state of ‘elitism’ here at the LSE. Many have questioned what can be done regarding this problem; others have offered their own solutions. What has not been questioned, at least not to the standard that this institution expects of its students, is the extent of ‘elitism’ here. Asked another way, is LSE socioeconomically diverse, and what, if anything, is the school doing to foster that diversity? This year, the LSESU Economics Society Research Division seeks to answer those questions.
Each year, the Economics Society researches something about the LSE student body. Last year’s report focused on the employability of LSE students and found that attending career events, being a society officer and obtaining work/internship experience are all positively correlated with getting an invitation to an assessment center and receiving an offer.
This year’s team, led by Director of Research Jan Friedemann and Research Coordinator Vinit Agrawal and committee leads Tvisha Nevatia and Anne Kersting, Heads of Literature Review; Shantanu Singh, Head of Survey Design; Ole Agersnap, Head of Econometrics and Manoj Paudel, Head of Reporting. The team is also assisted by eleven graduate and undergraduate subcommittee members: Lukas Bolte, Carey Chen, Anthony Cilluffo, Pinar Gorgulu, Fergal Hanks, Vlad Mankov, Alberto Martelli, Neelgoon Safdar, Alex Tse, Hayden HoTing Wong and Rebecca Wu.
Unlike previous studies, the Economics Society study will study differences in international student participation. Last week, The Beaver reported that over half of the LSE student body comes from overseas. Tvisha Nevatia is an MSc student from India and found the transition from rupees to pounds challenging. She was then “curious as to how people belonging to different countries and different socioeconomic backgrounds able to afford tuition fee of LSE, which is the same for everyone.” International students also face unique challenges, including recent changes to student visa status and difficulties obtaining funding, that may affect the ability of international students from lower socioeconomic statuses to attend LSE. This study seeks to evaluate, on a cross-national basis, the socioeconomic representativeness of the student body.
The second part of the study’s research question asks what, if anything, the school is doing to foster socioeconomic diversity here. This has been an area of increasing concerns for universities since the introduction of variable tuition fees and recent fee increases, with some claiming that those measures decrease the opportunities of students from lower socioeconomic groups to participate in higher education. Other measures, such as the much-debated Graduate Support Scheme (GSS), are intended to assist meritorious students that otherwise don’t have the means to attend LSE. The evidence on the broader issue is certainly mixed, with a 2010 Russell Group report finding that variable tuition fees have significantly increased participation from disadvantaged students while a National Audit Office Report instead found that significant inequalities still exist in UK higher education.
In order to answer these questions in the context of LSE, the Economics Society is conducting a student survey to assess the socioeconomic diversity and financial aid assistance to students. We will be asking students to complete a short survey via email during the end of the Michaelmas Term into the beginning of the Lent Term. We plan to publish a report before the end of the Lent Term.
(Our Research Project is officially endorsed by several departments including the LSE Economics Department and can be found on top of the LSE Moodle page.)
EC102 Supplementary Lessons
As part of our help for students we organised weekly sessions for all students studying Economics B – the first-year introductory Economics course at LSE. The sessions were held by Lukas Bolte and Han Loong and organized by Rebecca Wu and Jan Friedemann an turned out to be of particularly high quality this year. The aim of the sessions is to help students to further understand the lecture content, attempt additional questions, and see extensions of the course material. This year the weekly sessions were particularly popular: we had more than 100 students attending the lectures and got very positive feedback. Since many students have told us that they benefitted from these sessions we can proudly say that the EC102 Supplementary Sessions have become an integral part of the academic education at LSE.
(The Research Division of the Society has its own Moodle Page on the LSE Network to distribute Learning Material to students.)
EC102 Booklets and Additional Learning Materials
In order to further assist first-year students studying Economics B at the LSE our former Director of Research, Will Matcham, has devised a curriculum-focused booklet with extra materials for the course. This 120-page booklet is extremely popular among students since it has proven to be an invaluable resource for studying and revising for the Economics B course. We are more than happy and also proud to announce that we sold an extraordinary amount of 475 booklets in 2014. We donated the whole revenue to a charitable organization and thus the Research Division of the society was able to support RAG, the charitable arm of the LSE Students’ Union, with the record-breaking sum of £2375.
(Supplementary Sessions in Economics given by the Research Division. Every session up to 100 interested and ambitious students attend to get the best preparation for their final exams)
This academic year 2014/15 the Research Division is offering something brand new to the members of the society: We will be running coding classes in C++! The sessions are organized by Jan Friedemann and Fergal Hanks and are thought by a very experienced PhD student from Imperial College London. The session for 12 students will run from Week 1 of Lent term for 8 weeks and have already been a great success: More than 50 members wanted to participate in our C++ Class!
If you are keen to get involved in any of these projects, or for any other queries, please do not hesitate in emailing Jan Friedemann at email@example.com to express your interest.
To stay up-to-date with the progress of the Research Division, be sure to join our Facebook group, which can be found at: www.facebook.com/groups/LSESUEconomicsReearch/
The division provides a fantastic opportunity for students to get involved in extra-curricular activities whilst further
enhancing their studies at LSE. So take that first step today!
Every year the Research Division of the LSESU Economics Society aims to conduct a student led Research Project. This year we had the idea to study the student labour force and the part-time work and internships carried out by students at the LSE. The Research Project was led by Jan Friedemann, our Research Director for the 2013/14 academic year, and he was supported by a group of 12 very ambitious and experienced undergraduate and graduate students. Our team was able to work out a detailed survey which aimed to find out what factors influence the number of internships and job offers students get. With the help of the LSE Economics Department and the LSE Careers Hub we managed to get a large sample size of about 650 students. In the last couple of months we have worked on Econometric Modelling and we are happy to announce that we were able to get statistically significant results. During the summer the Research Team will finish the final step, reporting, and we hope to publish our interesting findings by the beginning of Michaelmas Term 2014. Next year the Research Division is looking to scale up the project by collecting more data from students from other universities. Therefore, the Society already has already organised cooperations with Oxford University, Manchester University, and the King’s College London.
As follows are copies of past researches conducted by the society.
This study aims to ﬁnd the signiﬁcance of different factors inﬂuencing the employability of LSE’s students, with a particular focus on internships. The analysis takes into account the responses of 615 students who were surveyed for a month from mid-January to mid-February and were asked about, inter-alia, their work experience, position(s) held in societies (if any), time devoted to studying and socializing and attendance in career events. On the basis of the data collected, three multivariate OLS regressions were run to examine the correlation and signiﬁcance of the aforementioned factors on getting a call for a telephonic interview, securing an invitation to assessment center and eventually receiving a job offer. Our results highlight the importance of attendance at career events for getting a call for telephonic interview. Similarly the research shows that the odds of reaching assessment center increase with holding a position in society or getting some work experience. Finally, in our study, there exists a clear positive correlation between attending career events and receiving job offers.