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Applied Economics is a training in management skills. To succeed the candidate must, as well as being able to repeat some theory, show ability to consider a problem and relate his observations to a sound theoretical base. As Keynes remarked, Economics provides us not with a settled body of policy conclusions but rather with an apparatus of the mind — a technique of thinking. Happily many candidates showed a lively awareness of problems and solutions, and some were exceptionally good. Few candidates performed very badly.

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