Economics
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Professor Andrew J Scott
“Economics is a way of framing, evaluating and articulating the case for change. A great example is our work to create a ‘longevity society’ rather than an ageing society. Avoiding a pensions and a health crisis involves ensuring life isn’t just longer but also healthier, productive and engaged for longer.”
Building the economic foundations for a better future
Economics is a powerful tool for impact: it can quantify societal benefit in order to identify the most impactful solutions, set targets and understand trade-offs. It’s also the language of government and business, making it crucial to delivering systems level change.
The Economics platform aims to do just that, enabling a future where ideas lead to innovation, and innovation delivers global societal benefit. Our team of economics experts and researchers will develop the economic case for transformative solutions, and shape EIT’s programs throughout their life cycle – from initial ideation to business planning and scaling.
Shaping, scaling and measuring impact to bring about solutions to societal problems
Economics provides a cross-cutting capability working across scientific programs, commercial opportunites and policy.
Providing quantitative rigour
Developing economic models, indicators and targets to drive and measure their impact, while also ensuring their commercial sustainability.
Building the economic case for transformative change
Our team of economists, policy experts and researchers are working to build the economic case for innovative approaches to the world’s most complex challenges.
Shaping the future of economics
We are building a community at the intersection of research, policy and commercial solutions. Drawing on theory and empirics, and collaborating across a range of intellectual disciplines, we will provide the economics research and training to generate transformative change.
Rethinking the economics of longer lives
One of the areas we’ll explore is the policies, institutions and economic thinking needed for a world where we don’t just live longer – but stay healthy and productive for longer.
A transformation from an ageing society to a ‘longevity society’ would deliver a three-dimensional dividend.
Keeping people healthier for longer
Our challenge is to make healthy life expectancy catch up with overall life expectancy, so people spend more years in good health – not just more years alive. This requires a shift from treatment to prevention, targeting the biological and social drivers of ageing.
Supporting economic growth and living standards
As our lives get longer, we have to be more productive across our lifetime if we want to avoid a fall in standards of living. That means our economy, jobs and the very nature of work must evolve to support longer working lives – including new health, fiscal and labour policies to support older workers.
Enabling more fulfilling long lives
Health and economic growth are important, but they are not the only indicators of a good and purposeful life. We are exploring a broader set of measures, to capture and understand the ultimate benefits of our work on longevity.
We’re gathering the greatest minds
EIT is growing rapidly and we are recruiting at pace. Thrive in a dynamic and fast-paced work environment, learning and growing every day alongside experts in science and technology.