While economics graduates work throughout the FSA, this programme is designed for those who want to specialise in applied economic analysis. The Economics Development Programme is based in the Financial Stability Division of the FSA which contains two specialist teams of economists.
Economics of Financial Regulation (EFR) is a team of micro-economists, EFR helps policy teams across the FSA assess the economic rationale for, and costs and benefits of, their proposed rule changes and undertakes longer-term economic research to support FSA policy-making, supervision and enforcement. The Macro Prudential team takes a system wide perspective to identify financial stability risks. The team works with key stakeholders, both within the FSA and outside, to understand the potential impact of specific macroeconomic risks.
The three-year programme involves two rotations and an optional six-month secondment. The first year will involve a 12 month rotation in EFR or Macro Prudential. The second year will include a six or twelve-month rotation between the teams or to another relevant part of the FSA.
During the course of the programme you will rotate between both departments and you will also have the option to be seconded to an external organisation for six months. The secondment is designed to broaden your commercial experience and could be to organisations such as the OFT, Competition Commission, HMT or an economic consultancy.
As part of the programme we will also sponsor you to undertake a part-time masters in Economics at Birkbeck.
Economics at Birkbeck www.bbk.ac.uk/study/pg/economics/TMSECNMC.html