Discover 412 opportunities in economics

Sandwiched snugly between generations X and Z, Millennials, it's fair to say, have had it tough. Entering the workforce around the time of the Great Recession and now enduring the disorienting forces of the so-called fourth industrial revolution (also known as Industry 4.0), their world has been one of constant flux. History is accelerating faster than ever and technological progress in some areas is exponential, rapidly changing the face of work. And yet, with the possibility of abundance now a reality, Millennials are experiencing their economic opportunities reduce, many privileges enjoyed by their baby-booming forbears – improving living standards, home ownership etc. – increasingly out of reach.

The history of economic growth, the kind to which we are now accustomed, is inseparably intertwined with the discovery, and then plunder, of fossil fuels. Some historians have even argued their unearthing was its main catalyst, relegating more popular theories of free trade and technological innovation. The argument is seductively simple, and although something of an exaggeration, usefully highlights the strong connection between the two – for in tandem, they radically altered the course of human civilisation.

Esteemed economist, Princeton Professor, and friend of INOMICS, Esteban Rossi-Hansberg, generously took time out of his busy schedule to take part in the second 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. Keeping with tradition, and as a nod to the heavyweight reputations of those involved, we dubbed the encounter ‘Fratzscher v Rossi-Hansberg’. What played out proved illuminating and often personal, the dialogue shedding light on the inner workings of the mystery that is the ‘economist’s mind’. For anyone even loosely connected to economics the following conversation will make an interesting read.

Situated in the oldest city of the Netherlands, Nijmegen, Radboud University has firmly established itself as one of the country’s most reputable institutions of higher education. Offering programmes across the academic spectrum, its MSc in Economics, in particular, is attracting students from all over the world.

You know that there are a ton of career prospects open to someone who has studied economics, spanning from academia and the finance industry, all the way to management consulting. A big advantage of studying economics is that it gives you a skill set which is applicable and transferrable to many different fields. One particular area of work open to economists is the non-profit sector. Many are drawn to this sector for social reasons; the desire to make a positive impact on the world. It is a highly admirable area to work in, and something that we at INOMICS massively endorse! So, what kind of non-profit jobs are actually available to economists? Here are our suggestions that may be applicable to you.

Automation will transform our world; there is no doubt about it. Quite how, though, is highly contested – whether optimist or pessimist, there are predictions to match every predilection. Newspapers alternately run articles speculating a work-free, post-capitalist future filled with armchair philosophising, with forecasts of a world ravaged by inequality in which robots tend to the mega-rich, and everyone else is cast onto the scrap heap to contemplate what-on-earth went wrong. Little, it appears, exists in the in-between.

With the European elections just two weeks away the EU’s future is looking far from certain - the union is beset by crises and the resolve of its member states is being tested like never before. Much has changed since Europeans last took to the polls: Ukraine had its borders forcibly redrawn when an increasingly hawkish Russia invaded and annexed Crimea; global drought, poverty and violence drove record numbers of refugees to the shores of the Mediterranean; and China has continued its march as a formidable economic and political force. There has also been the small matter of Brexit and the emergence of a populist movement that has made electoral gains across the continent. The current moment, evidently, is one of flux, and the full implications of the transforming political landscape are still to be fully understood.

A subject that many new economics students – and some older economics students too – struggle with is statistics. Statistics are an essential tool for economics, allowing data analysis and modelling to be accurate and mathematically correct. More broadly, statistics are of great importance in all of our daily lives. 

All academics know how important it is to get your work published. The journal which you publish your work in can have a big effect on how it is perceived and on how many people it reaches, so it's important to make the right decision when submitting your work for publication. You want to make sure that you submit to a journal which has a strong professional reputation for your work to be taken seriously.

As every academic knows, writing a paper for submission to a journal is a long and arduous process. It is common for papers to be rejected from the first journal that you submit to, so you will have to reformat the manuscript and resubmit it to another journal. This process of reformatting requires quite a bit of work, even when the paper is staying essentially the same and the only changes being made are cosmetic. Every journal has its own rules about formatting such as fonts to be used, margins, the type and number of images allowed, and citation format. To help you with this process, here are our tips for reformatting your manuscript to submit to a new journal.

One area of life that is greatly influenced by economics but you might not think of as a typical economics topic is sports and match betting. Gambling on sporting events is a huge international multimillion dollar industry covering gambling from traditional betting events like dog or horse races to modern betting outfits that let you place bets on everything from how many goals will be scored in a given match to which players will be picked for a draft. As betting on sports events is essentially an exercise in modelling and probability, we can use the lens of economics to understand more about how match betting works.

Can economics ever be ethical? This might sound like a strange question to an economist who focuses on collecting data, analysing it, and using that data to make predictions. What ethical considerations could be raised here? What do abstract theories of ethics have to do with cold, hard economic facts? Today we'll look at some of the ways that economics interacts with the topic of ethics.

It’s not uncommon for those in field of economics research to feel a little hesitant about the idea of “marketing” themselves. After all, you’re not really selling a product—you’re sharing valuable knowledge so that other people can benefit from it. But if you want others to take notice of that knowledge in the first place, you’ll need to take some steps towards promoting your work.

Although it is generally thought of mainly as a theoretical academic subject, economics has been a driving force in society for thousands of years. The exchange of money and the way that financial systems interact has lead to some of the most profound changes to the everyday lives of human beings across the planet. To illustrate how the practice of economics has changed the world, today we'll look at the role of economics in Western history from the 6th century BC era up to the present day.

Responding to the success of our blogging article in our 2019 INOMICS Handbook – for those of you unacquainted, click here – the economists are back, answering more blog-oriented questions. This time around, we’ve taken a bit of a personal turn, quizzing our participants about their blogging successes; the concepts behind their writings; and their preferred reads. For those setting out on their economic journey, the following makes for essential reading

Climate change is back on the front pages of the world’s press – belatedly. Its return is thanks to the landmark IPCC report, published in October 2018, which has served as a brutal reminder of the dystopian future that awaits humankind if radical policy change is not enacted immediately.

The announcement of the Nobel Prize in Economics 2018 could not have been timed better. It took place just 24 hours after the release of the Intergovernmental Panel on Climate Change’s (IPCC) stark warning that only 12 years now remain for global warming to be kept to a minimum of 1.5C, beyond which catastrophe looms. Rather appropriately, considering the admonishment, the gong was jointly awarded to Americans William Nordhaus and Paul Romer for their research into, as put by Swedish Academy, two of the most ‘basic and pressing’ economic issues of our time: ‘long-term sustainable growth and the welfare of the world’s population’.

Whether it is for your master’s or your PhD, picking a thesis topic is a vital step in your academic career. Choosing the right topic will give you a great head start on your thesis, so it’s worth taking your time to think through your options and to choose a subject that will suit you and meet the needs of your course well. Here are some tips for economists who are picking a topic for their master’s or PhD thesis.

Here's a big question that's on the mind of many master's and undergraduate students: should I do a PhD? The idea of dedicating three years or more of your life to original research is both exciting and terrifying, and the experience can be either exhilarating or harrowing, or usually a mix of both. Today we'll take a look at some of the issues to consider when you are thinking about applying for a PhD program.

There are some surprising ways in which the opinions of economists diverge from most other people – and some things about which economists agree that they can't stand. Here are 9 things that economists hate:

Building a brand used to be just for companies and universities – but now a personal brand is something that every student and academic needs to work on. While many academics are hesitant to brand themselves too actively, you should remember that not working on your brand is in itself a kind of branding, and not a positive one. So you’re going to have to spend some time building your personal profile as a researcher – but there are some tips that can help to make this process smoother and more efficient. Here are effective ways economists can build a personal brand.

When you are applying for a postdoc position, as part of the process you'll need to have an interview with the PI of the group you are applying to work with and others in the department. Here are some steps you should take to prepare for this interview. 

If you're writing a motivation letter to apply for a PhD in economics, then follow these tips to increase your chances of success. If you plan to start your PhD application this autumn, download our free guide "How to successfully apply to a PhD in Economics".

Esteemed economist, blogger and friend of INOMICS, John H. Cochrane, kindly took time out of his busy schedule to take part in our Handbook questionnaire. However, this was no regular questionnaire, far from it. At its helm, assuming the role of quizmaster was none other than Mr Marcel Fratzscher: president of the DIW Berlin, and one of Germany’s leading voices in macroeconomics. Such is the reputation of these heavyweights we dubbed the encounter ‘Fratzscher v Cochrane’ – our personal nod to the pair’s professional standing.

With the world cup now over a week old, we have reached the moment when even those initially reluctant, those who decried it at its outset, give in to football frenzy and find themselves, at least twice a week, standing amid a crowd of similarly dressed strangers, screaming at 11 little men on a screen they can barely see. It is wholly inevitable, and few would disagree, thoroughly enjoyable.