Globalization has changed the panorama of the education, giving more options to students to choose the place where they want to study next. Nowadays, students from all over the world can enroll in a program in destinations they had never imagined. Moreover, high quality of education, career options and discovering of new cultures encourage young people to increase the percentage of foreign students at prestigious universities around the globe.

Although students and young professionals know that internships can be a great way to gain experience and help fill up their CVs, sometimes employers might not realize that hiring interns can be equally important for them and their organization. In order to highlight the ways in which internships can be mutually beneficial, we’d like to focus on three key reasons why hiring interns is advantageous for any organization.

This April 1st, we figured we’d spare you another bogus announcement or unfortunate attempt at a corporate joke and instead delve into the murky place where economics and humor intersect. If all you’re hoping for is a few economist jokes, (like the classic “Three Economists Go Hunting” jab we highlighted in a previous entry), then don’t worry, you’ll find some of those at the end of the post.

 There are many reasons why institutions and individuals engage in conference organization, be it an international congress or a local workshop on a specific area of economics or finance. In academia, it is a great way to publicize your research work, to educate a wider public about a certain issue or simply to bring together experts from the same field and share the state of research. In business, it is the ultimate way to expand a network, market your company and often pave the way to future clients. Regardless of the type of institution, all conference organizers face the same challenges, especially when organizing an event for the first time.

Pursuing an academic career is very different from working in the private sector in many ways, including in terms of the application and recruitment process, even before you start in your first job!

If you're interested in attending a summer school this year, now is the time to start planning. Once you've selected a school to attend and been accepted, here are some of the ways that you can make the most out of your summer school experience.

Whether pursuing a bachelor’s degree in economics or having finished a PhD from a top university, at all stages of the academic pursuits and research careers, young economists have been engaged in the grueling process of finding internships with reputable organizations. While masters and bachelors students aim to gather work experience and transition into full time jobs, PhD candidates attempt to combine their research with the work of relevant organizations.

Time and time again we hear economists seeking to answer the questions:  “How and why some countries manage to get rich while others stay poor?” and “What can be done to change this fundamentally wrong situation?”. To help tackle these issues we are dedicating a series of blog posts to the field of Development Economics.

We are sad to share the loss of a great economist yesterday. Robert Fogel, Nobel Laureate (1993, with Douglass North) passed away yesterday at the age of 86. He was a Professor at the University of Chicago Booth School of Business and Founding Director of the Center for Population Economics.

There exist two sides to every argument; in this one we have on one side a utopian world where everyone is equal and on the other a world where inhabitants don’t want to share what they’ve earned (presumably) by persistence and hard work with others and keep it for themselves. Herein lie the issues of inequality and the question of welfare and income redistribution. There are debates at every level of society, government and especially amongst economists as to where this problem comes from and how to tackle it.

Job market seasons vary by country and industry, but summer and Christmas time generally stand out as quiet seasons. Often, it causes frustration for fresh graduates, who are exiting universities at both of those times. If some will be lucky enough to have an offer in their hands before the graduation party, more will still be uncertain about their start moving into professional life.

After finishing high school many students think of applying for university and getting at least a Bachelor’s degree. After 3 to 5 years of studying some choose to take their first degree and join the job market, while others decide to continue in university to complete a Masters Degree or even a PhD through additional academic and/or applied research. If you are thinking about taking this final step and doing your PhD, but you are still not sure whether it is right for you, check out the links below to see what you can expect from a PhD program.

A PhD was something I always dreamed of doing. On the one hand, it was a natural continuation of my, it now seems, life-long learning curve after my Master’s degree. But, more importantly, it was also a faraway dream on the horizon that seemed worth pursuing just for its own sake. I probably knew my love of research should last me the entire doctoral spell but no one will ever be able to fully explain to you what it is like to undertake a PhD until you have finally let yourself fall into its subtle embrace.

Less than a couple of decade ago student relied on word of mouth and the information available in their universities when choosing a Master's Program. Today, internet-based searching is the foremost source of advice when it comes to exploring opportunities for postgraduate education.

Sources: Christmas Spending Survey 2012, Deloitte; NRF’s Holiday Survival Kit  (US only); HSBC Christmas Spending Survey 2012 (UK only)The Christmas Season is probably the heaviest burden for family budgets among all the annual holidays, and the best business opportunity for retailers. In the US alone estimations of spending on Christmas-related items hit $586.1 billion in 2012.

INOMICS continues and expands its working partnership with the European Regional Scienc Association (ERSA) into 2013.

Halloween is a highly commercialized holiday in the US, with people of all ages celebrating and spending. Expected Halloween spending of US consumers in 2012 almost equals government expenditures of Kenya. According to surveys conducted annually by the National Retail Federation, in last five years total spending on Halloween in the US grew from $4.96 billion in 2006 to an expected $8 billion in 2012. After a significant drop in spending in 2009, consumers managed to bring it back up to the level of a previous year in 2010.