So, you studied abroad, got your economics degree in Germany, and you’re ready to look for a job in the country. First of all, congratulations! You’re on your way to becoming a full-fledged economist.

The following article first appeared in the INOMICS Handbook 2023. Download the INOMICS Handbook

The following article first appeared in the INOMICS Handbook 2023. Download the INOMICS Handbook

The European Job Market for Economists (EJME) takes place annually. It aims to ensure that economics students who are about to complete (or have recently completed) their PhD make the best possible job match with institutions recruiting research economists.

Although the shift toward online learning pre-dated the coronavirus, the pandemic caused a great proliferation in the availability and acceptance of online learning. More and more courses can now be found online, allowing students to continue with their studies or even get credit for some courses from the comfort of their own home.

Our favorite caricature of a post-doctoral researcher: a frail man (or woman) with unkempt hair, hunched in front of a computer screen, with a half-filled cup of coffee by his side. As the coffee gets colder and time flies by, he appears oblivious to his surroundings. He is happy spending long hours at his desk conceptualizing arcane theory on obscure topics the real world does not care about. He is in a state of eternal "tapasya" – meditating on his eternal love-affair with knowledge…because life is an eternal quest for knowledge! Or, so the world believes. Once the PhD has been completed, and freshly-minted researchers decide that research is what they would like to do for the rest of their lives, their friends and family might start assuming that a Doctor of Philosophy is just another armchair intellectual.

Doing an economics PhD can feel like an all-encompassing task, but it's important for your well-being that you have a social life during this time as well. It can be hard to balance the two, but if you don't, you may find yourself overwhelmed and not able to enjoy your time researching and writing as much. Here are tips on balancing your PhD with your social life.

In spite of all its distracting qualities, your phone is one of the most useful tools you’ve got, whether you’re studying or working in the field. It’s simply a question of how you use it. With this in mind, we have compiled a list of apps that are helpful for economists to have. They can help you find data, stay up to date, and crunch numbers on the go. INOMICS takes part in the Apple affiliate program. This article contains affiliate links, which means we may earn money through any qualifying purchases made after you click through. However, this is not a sponsored post.

Online learning is not a novelty anymore. During the coronavirus pandemic and subsequent lockdown, many institutions were forced to invest in their online program offerings - or simply adjust their courses to be online-friendly. But sometimes it’s nice to learn without having to fully commit to a long program. Other times, learning from a different source can help new concepts make sense, or can refresh the memory.

Esteemed economist, Berkeley Professor, and friend of INOMICS, Edward Miguel generously took time out of his busy schedule to take part in the fourth INOMICS Handbook Questionnaire. Opposite him in his customary role of quizmaster was Professor Marcel Fratzscher, president of the DIW Berlin, and one of Germany’s leading voices in macroeconomics. Observing tradition, and as a nod to those involved, the encounter has been dubbed ‘Fratzscher v Miguel’.  What took place was both in-depth and personal, the conversation ranging from the beauty of Hawaii and gender bias in economics, all the way to wealth taxes and COVID-19. For anyone connected to economics, especially those starting out, this one is not to be missed.  

“I am an economist,” I once proudly mentioned at a party, in a round of small talk. “Oh, so you do a lot of money counting and financial reporting?” was the reply I heard, like so many economics graduates before me. “Nah, let’s leave that to the business and finance professionals,” I answered. But what do real economists do exactly?

Having helped so many economists take their next career step, we at INOMICS know full well how rewarding working in economics can be. When you find that solution you've been looking for, or contribute some research that actually seems to get read and make a difference, it can be the best feeling in the world. But this won't happen unless you work on yourself and the skills that are essential for becoming a successful economist in general.

In a culture obsessed with measuring capabilities and results, we often overlook the important role of inspiration. As economists, inspiration awakens us to new possibilities within ourselves, allowing us to conquer our own limitations, and to succeed at doing what we do.

Being a Teaching Assistant (TA) at a university is rewarding, but also tough, particularly when you’re just starting out and learning the ropes. Perhaps you might appreciate some guidance - roll on INOMICS top tips for econ TAs who are preparing for their first role. Oh, and congratulations by the way! 

Soon after the completion of a Master's degree or PhD, everybody is faced with the big question: what next? Although it may seem like a natural progression to continue with further research, there are many other careers open to academics in business, education, communications and journalism, to name but a few examples. So how do you know if research is the right career choice for you? Well, like with most big decisions, a good way of figuring it out is to weigh the pros and cons of an academic career.

Whether you’re a graduate student giving a presentation for a course or a researcher presenting at a conference, being able to give an engaging and well-prepared presentation is a valuable skill for anyone in academia – in COVID times it is invaluable. Today, hardly a talk is given without an accompanying PowerPoint presentation full of flashy graphs, images, exploding sub-titles, and often far too many bullet points.

Your first day at work and you’re nervous, naturally. You decide, for the sake of catharsis, to quickly recap the journey that led you to the computer screen into which you now resolutely stare, a journey that many INOMICS readers will know all too well.

When applying for an academic position as a researcher, lecturer, or for a fellowship, a cover letter is usually required to accompany your CV. Stating your particular interest in the role, and showing how your academic and work experience enables you to excel at the job, is the aim of a successful cover letter. They can be one of the most important parts of your application, giving the recipient an idea of who you are and what your relevant expertise is. Essentially, it's the first impression an institution will have of you, so it's important to get it right.

When you apply for an economics PhD, you will need to write not just a research proposal but also a letter of motivation. This letter describes why you wish to undertake a PhD and why you would be well-suited to researching your proposed topic. But what needs to go in this letter, and what tone is appropriate for it? To give you some ideas, INOMICS is sharing a sample economics letter of motivation, as well as offering advice on how to write your own, so you can maximize your chances of getting accepted. If you plan to start your PhD application this autumn, you can download our free guide "How to successfully apply to a PhD in Economics".