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Economics

Number of students per year: 5 - 6 


Typical offer: A*A*A at A-level or 7 7 6 (42+ overall) in the IB. For other qualifications, please click here.


Essential subjects: A-level/IB Higher Level or equivalent in Mathematics.


(Please note that IB applicants starting the new IB Mathematics syllabus are expected to take IB Higher Level 'Analysis and Approaches' if it's available at your school. If this isn't an option for you, please drop us an email at admissions@clare.cam.ac.uk and we'll be very happy to advise you.)

Economics at Clare

Economics studies a wide range of phenomena concerned with, and arising out of, the way society decides how to use its resources, with topics ranging from economic development, business cycles and macroeconomic policy, through to the workings of auction markets, the impact of transnational firms and the future of the environment.


While the Cambridge course particularly emphasizes the application of mathematical and statistical techniques, it also draws on fields such as politics, history, philosophy and psychology, to provide students with a thorough grounding in all aspects of the subject.


Located close to the Faculty of Economics and with four Fellows in the subject, Clare has a long tradition of excellence in Economics. We believe supervisions are key to the success of our students and pride ourselves on providing high quality teaching, drawing on both the expertise of our own Fellows as well as that of Economists located in other Cambridge Colleges and departments.


The College hosts the annual Clare Distinguished Lecture in Economics and Public Policy, which in recent years has seen figures such as Joseph Stiglitz, Adair Turner, Jean-Claude Trichet, Mohan Munasinghe and Joel Mokyr, visit the College.

Key People

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Dr Phil Faulkner

Senior College Teaching Officer & Director of Studies (Parts I and IIA)

My current research focuses on two themes: first, the nature of (especially digital) technology, and second, the nature of uncertainty, probability and decision-making under conditions of extreme uncertainty.


I have published on these topics in a variety of journals in Economics, Management and Information Systems.


I primarily teach Microeconomics.