Applied Economics

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Applied Economics
Tony Wood 26 November 2002
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(No Transcript)
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Key issues

• Understanding risk in an uncertain world
• Targeting resources
• Identifying opportunity for value growth
• External communication

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Understanding risk
Global
Economy
Industry
Sector
Company
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Our people

• Economic graduates and post-graduates
• Commercially aware
• Communicators
• Strong team focus
• Track records in
• - consulting
• - government
• - applied research

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Some big issues

• UKs solid performance
• Everyone looking to US
• Equity market weakness
• Germany - is it the new Japan
• China - deflation and growth potential
• War in Iraq

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A typical question

• Where should we target resource in Europe?

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Economic drivers

• Constraints on public finances
• Market liberalisation and privatisation
• Pricing constraints driving consolidation
• Relative economic growth rates
• What leads recovery
• Relative manufacturing strength

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Industrials

• Chemicals - speciality
• Electronics (consolidation)
• Food processing
• Mechanical engineering
• Motor vehicles and parts
• Paper printing and publishing

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Network and infrastructure

• Oil Gas
• Water
• Power
• Metals Mining
• Airlines
• Railways

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Some thoughts

• What is an economist?
• Economics at the heart of what we do
• Strong academic grounding is key,
• but focus on wider skills
• Careers are not structured,
• but varied and interesting