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UCAS Experts Feedback:
I assume this is for an Economics degree course, though you never actually say so - in fact, I get the impression that it might be for a joint honours course, given your reference to (unspecified) other subjects. This needs to be clarified. The first paragraph must contain several specific examples of your interest in topic areas in economics, and in 'current affairs'. I have deleted a great deal, as well as introduced plenty of rewording.
I hope you like the revised draft which is attached.