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Posts by Nickyross
Name: Nickyross
Joined: Apr 12, 2021
Last Post: Apr 12, 2021
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From: xx
School: xx school

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Apr 12, 2021
Scholarship / Why I choose to study the bachelor of commerce majoring in economics? Australian Awards Scholarship [5]

Why did you choose the proposed course and institution?

Good day, I was hoping if someone would be kind enough to review my statement and provide their advice about my writing. Thank you very much!

The world of the economy is a very complex and an-ever changing environment that is constantly striving to meet the needs and wants of the people, bearing in mind that there are finite resources to meets these demands. In broader terms, the Economy also concerns itself with the livelihood of its people by addressing issues such as poverty, unemployment and inequality. The economy will always be confronted with problems that require it to make firm decisions based on computational, communication, collaborative, analytical skills and an in-depth understanding of the international market trends.

XX is a developing country, with 42% of its entire population falling under the national poverty line and the unemployment rate sky-rocketing at 4.6% in 2020. Key challenges that hinder the country from developing and rising to its potentials are the ineffectiveness of the policies in spending the annual budget investing in other Industrial sectors to diversify the economy, first-class infrastructures and human capital to produce highly-skilled, competent workers, which in and of itself can act as favourable incentives (along with financial incentives) for both local and foreign investors.

I choose to study the bachelor of commerce majoring in economics to assist the XX government in accelerating the economic growth with a strong emphasis on developing and strengthening the Industrial sector and investing in human capitals, bringing prosperity and raising the standards of living in the country. Through the studies within economics, I will gain deeper insight into the economy which will influence my judgements to take a more sensible approach under the theme of developing the country.

I choose Deakin University as my proposed institution because it is one of the largest and prestigious universities in Australia, with its Business School being enlisted in the top 1% of business schools globally. This ensures that I will be equipped with professional accreditation, trained to think critically and draw a conclusion based on evidence.