Finance has become a very attractive field for many people in the last decades as it “smells” of money and promises a successful career after obtaining a degree, even though the financial crisis has slowed down this popularity trend. While many fresh Bachelor and Master graduates massively apply for positions in investment banks and consultancies, some decide to pursue a PhD, which is the way to life-long involvement in the academic world.

Econometrics is something towards which many people have mixed feelings: both fear and respect. If you want to get a degree in economics, however, there is no way you can get away without studying econometrics on some level; and if you want to become a great economist you will have to master it: to build models, run regressions and (hopefully) predict the future. The economics profession has been blamed for failing to predict the global financial crisis, but as econometrics is considered to be one of the core disciplines to help prevent a recurrence in the future, we have collected a number of useful links for online learning and self-improvement in this field.

According to our study last year, 35% of economists are working outside their home countries.  The majority of economists go to work to the US, Germany and France (11% of the respondents respectively), followed by Switzerland (8%), Italy, Netherlands and the UK (6% respectively).

Source: Estadística de Variaciones Residenciales y Estimaciones de la Población Actual, INE.

After our post last summer about the trend for conferences and prizes aimed at young economists, several further events are coming up this year, which could be of interest to PhD students and young researchers. Some of these are specifically for students or junior academics whilst others offer financial support or prizes to those attending or presenting papers at the meeting.

In today’s global world, the transfer of information is crucial to success. Since the start of the recession in 2008 financial issues have increasingly been among the hottest discussion topics around the world – in particular the balancing of books and budgets, whether in supranational financial unions like the EU, individual countries, businesses or households. From the academic perspective, there is still much to be explored in the world of finance.

Following our earlier post from November about Economics Conferences in 2013, we have now published a (chronological) list of Conferences in Economics and Statistics taking place in the Asia-Pacific Region. If you know of other interesting, economics-related events in the region, please share these with us in the comments at the end of this post.

Considering the remarkable technological progress and the spread of social media in the last few years, it can be challenging to teach and involve students when using an old-fashioned lecture style. Shelving overhead projectors and boring PowerPoint slides, some professors have converted to “education 2.0”, integrating new tools and applications into their class format.

Source: Survey on Research Funding for the Social Sciences in Europe, Ramon Marimon, Igor Guardiancich, Mike Mariathasan, Eva Rossi, European University Institute, 2011

A few weeks ago I came across an interview on TechCrunch with Brian Kibby, the president of McGraw-Hill Higher Education, discussing his positive outlook on the future of e-books, e-content and generally the future of what he calls ‘super adaptive learning.’ Contrary to what one might expect from a textbook publisher, Kibby explains in the interview that he expects to see a significant increase in the adoption of e-materials within the next year and full adoption within three years. Optimistic?

Just two days ago Time magazine released a list of the 100 most influential people in the world. Among other prominent figures included in the list is Hans Rosling, a doctor and statistician, who became famous after his “TED talk” in 2006. In the video released by BBC four years later, Hans Rosling presented statistical data about 200 years of world development in the most creative and clear way the world had ever seen. The video got over 5 000 000 views on You Tube. A complicated subject, feared among generations of students, was transformed into a mind-blowing show. This video will show you how.

Unemployment For College Majors

Source: Survey of the labor market for new PH.D. hires in economics 2011 – 12, Sam M. Walton College of Business, University of Arkansas:

The financial sector in the UK is and will continue to be a major driver of economic growth, and the long term prospects are good both for the sector and for jobseekers. In fact, a recent report from Oxford Economics predicts that the Financial Sector will be the main driver of British economic growth over the next two decades. In the short term, though, stagnation and hesitation among big financial companies is being mirrored by a sense of opportunism in smaller ones. The result is a greater diversity of opportunities in the financial sector, and a different landscape of employment prospects for professionals at all stages of their careers in finance.

A big part of ASSA Annual Meeting (check out our post on 2012 ASSA Annual Meeting held in Chicago) is the role that it plays in the life of a PhD economist searching for their first job. Although some graduates choose less conventional ways of approaching the Job Market, for most graduating PhDs, the meeting is where they meet with potential employers, strut their stuff, present their Job Market Papers (JMP) and hope to the high heavens for a fly-out, and, after that, an offer – preferably at their number one choice. If all goes well this process should be over by early March with a good majority of top 50 schools’ graduates having at least one job offer on the table.

New Ph.D Hires in Economics: Expected and Actual Offers for the 2010-11 Academic Year

Conferences have been a pillar of academic thought in the western world for almost a century. Organizations including the American Economic Association (AEA) (organized in 1885, incorporated in 1923), the Royal Economic Society (RES) (incorporated in 1902, although their journal The Economic Journal dates back to 1891), the Western Economic Association International (WEAI) (1922) and the International Atlantic Economic Society (IAES) (1973) have lead the way with their annual meetings that draw anywhere from a couple hundred to over 10,000 annual visitors; and these are only the tip of the iceberg.