Tag Archives: dermot mccarthy

Business School holds Economics Forum for Russian students

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The Business School hosted an Economics Forum for Russian students, arranged by M.L.S International College in Bournemouth.

The event, on Thursday 24th July, involved approximately 90 students from Financial University in Russia.

Students from Financial University study with M.L.S for a tailored programme each year and the Business School was invited to participate by delivering a guest lecture and being a member of the Economics Forum Panel.

The event took place in the Executive Business Centre and Dr Dermot McCarthy, Senior Lecturer in Economics, was also joined by the following external panel members:

  • Adrian Simpson, Fellow of the Institute of Chartered Accountants and Director of own Accountancy and Tax company
  • Bill Cotton, Executive Director, Environment and Economy at Bournemouth Borough Council
  • Barry Bull, specialist tutor at M.L.S. teaching on the Financial University programme

Students prepared questions in advance of the event, which included the following themes: Migration; Scottish independence; the Euro and Europe; Education; Starting up a business and the World Cup.

Moscow’s Financial University visits the Business School

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A delegation from the Financial University in Moscow has visited the Business School, for the first of two events arranged in conjunction with local partner M.L.S International College.

Approximately 90 students – together with academic colleagues from M.L.S and Financial University – attended a lecture on Tuesday 17 July, entitled ’25 Years of Economic Transition – Successes and Failures’, which was delivered by Professor Jens Holscher, Head of Accounting, Finance and Economics at BU.

Next week, the School will be hosting an Economics Forum in which the students will prepare questions for an expert panel. Dr Dermot McCarthy, Senior Lecturer in Economics at BU will be representing the Business School.

Financial University is a leading Russian higher education institution with a student population of over 80,000 students.

The university is interested in exploring collaborative opportunities for students and staff in the Business School and School of Tourism at BU.

Further information about Financial University

BU in budget day coverage

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Dermot McCarthy, a lecturer in Economics at Bournemouth University, spoke to BBC Radio Solent on Budget Day to talk about the budget’s key points and the impact this will have on the general public.

Speaking to presenter Steve Harris, Dermot said, “I think there are some good points in what we see in the budget today, it does show some movement in the right direction from George Osborne, particularly with things such as the reduction in corporate tax and increased support for housing. But it does not go far enough at addressing the underlying problem in the economy, which is that we are pursuing austerity at a time when economic growth is below expectations.”

Dermot also gave a nice analogy for how Britain should be looking at digging itself out of debt. Dermot continued, “We are sinking into debt one way or another so it is a case of saying ‘what are we going to use that debt for?’ It could be seen as similar to me or you and our household. If we have to go into debt to be able to meet our gas bills then we are in trouble, but if we are sinking into debt in order to invest in a little workshop at the end of the garden to be able to work on repairing your neighbours car for a little extra income then that is a good investment. So perhaps there is a problem when the UK government is getting into debt in order to meet welfare payments but it might be better to invest it in infrastructure and other things that will generate income in the future to meet that debt payment.”

Paola Palma, Programme Co–ordinator in Maritime Archaeology at BU, also spoke about the budget, giving her view to The Times newspaper. She spoke about the budget from the perspective of an Italian working in the UK and said, “The education in this country is so far ahead of the rest of Europe. The Universities and schools mean that I need not worry about the future of my family.”

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