One of the great things about studying economics is that it gives you a wide range of skills: from writing to data analysis to critical thinking. With these skills, you are well set for all sorts of different careers. But you might be wondering what the best career path for you is. To help with this, we're producing a series of articles on top career paths for economists. To let you find the right career for your specific skill set, we're breaking the topic down into different specialisations within economics.

We spoke to top hiring managers Kalpana Kochhar, Director of Human Resources Department at the International Monetary Fund (IMF), Jordi Roca Solanelles, Head Manager of the University of Barcelona’s School of Economics (UB) and Professor Dr Florian Englmaier, Professor for Organisational Economics as the Ludwig-Maximilians University of Munich (LMU), to discover what challenges economics post-graduates should expect from prospective careers in some of the biggest institutions around.

One of the biggest and most exciting challenges of a young academic's career is coming up with that first economics research topic. Knowing how much is riding on the decision, it can also be pretty stressful. With so much to consider, we thought it would be easier to break the decision-making process down into some key points. Consideration of each will give you the best chance possible to make sure the topic of your economics Master's thesis is the right one - both for you personally and for your future career. Without further ado, read on for our advice on how to pick a topic for your economics thesis.

​Development aid: what is it good for? Well, according to much research the answer may well be absolutely nothing. In fact, it may well be worse than nothing. When judged against its aim of ‘instigating economic development and alleviating poverty’, its record is so dismal it looks as though aid actually hinders the achievement of its own stated goals. And the curious thing is this seems to be something of an open secret. Even to an untrained eye the big numbers pertaining to development aid don’t look right. Take Africa, for example. Over $1 trillion dollars has been pumped into the continent in the last 50 years, and how much has it benefited? How many African countries are actually in a better condition now than they were before receiving aid?

So you’ve decided it’s time to take a break from all the hard studying you’re doing during your economics Master’s or PhD program. Why not spend time playing a video game which will help you accrue business acumen, improve your real-world economics knowledge, or reflect economics concepts in its gameplay? Sound too good to be true? Thankfully, there are some games which offer just that.

The emergence of Joe Biden as the unassailable front-runner in the Democratic Primary belies a contest that at various turns broke new ground. From its unprecedented field, larger and more representative than ever (save the brief participation of two billionaires), to the remarkable resuscitation of one moribund campaign, the departure from custom was clear. Nowhere was this more obvious than in policy, where the inclusion of senators, Elizabeth Warren and Bernie Sanders, dragged the conversation leftwards into distinctly uncharted territory. While all candidates acknowledged America’s extreme inequality and the need for better healthcare, social security, etc., divergence came in the prescribed means of redistribution, and unusually discussion extended beyond familiar calls to raise income tax for the rich. Most liberal of the proposals was a wealth tax: an annual tax on everything an individual owns. Its mere suggestion confirmed an improbable rise of a policy that until recently was dismissed as fringe and anti-aspirational.

INOMICS has seen a surge in demand for online courses recently, with far more students searching for higher education alternatives. With the effects of COVID-19 ongoing, and many institutions still closed, enrolling in a fully online program or online degree has clearly become the best way to continue self-improvement and career development. Institutions offer a variety of online degree programmes and massive open online courses (MOOCs), which often have less expensive tuition fees. Additionally, you will save money by not having to commute to a campus. Distance learning can improve your technical skills too, as you navigate new learning management systems. Before you choose a course, though, there are a few things you need to consider. Here INOMICS’ walks you through the basics!

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.

Here INOMICS will be offering the latest news on how the coronavirus (COVID-19) is affecting the world of economics, so you can keep abreast of what the pandemic means for higher education, careers, and academia.

The European Union (EU) is working very hard to make ship recycling greener and safer in the future. It is quite clear that the dismantling of ships in many parts of South Asia in its current state is not acceptable, either from an environmental or a social point of view. Ship recycling regulations, adopted seven years ago, are finally gathering pace now. In particular, the regulation firstly prohibits or restricts the installation and use of hazardous materials such as asbestos or ozone depleting substances on board ships. 

Whether you’re still a student, a recent graduate, or already years into your career, mastering the art of cover letter writing is useful at every level. In one form or another, cover letters are a required component of applications to jobs, study programs, conferences, scholarships and many other important opportunities along your career path.

It is well known that blogging can be a useful, if not essential, tool for expanding networks, creating academic dialogue, and generally fomenting ideas. Alas, as wonderful as this may sound, like always, it is not always quite that easy. It also requires time, which tends to be tight; energy, at times lacking, and dedication. With this in mind, we wanted clarity; in practice, how can blogging benefit one’s work? And, what role can it play in the career development of an aspiring, young economist?

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.

Responding to the success of our blogging article in 2018r’s 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.

Responding to the success of our blogging article in this year’s 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.

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.

Starting a PhD is an incredibly daunting task. Normally at least 3 years, there are some challenges that you are almost certainly going to have to face during the program. Below we look at some of the biggest (and most common) problems that PhD students encounter.

In 2018, United States President Donald Trump said his administration was putting more coal miners back into work, having previously rattled on about how important coal jobs were to the future of the US. Perhaps it should be no surprise that his words were empty. The Trump administration has added a negligible  2,000 coal mining jobs since it took control, and whatever bump in coal production 2018 saw was quick to fade away. Obviously, Trump’s pledge to keep the industry alive was a political stunt, not a decision based on the economic realities of the moment; for if it had been, Trump wouldn’t have been talking about coal, but about renewable energy. 

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.

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. 

In this special Halloween blog post, we aim to give you chills and keep you on the edge of your seat with these blood-curdling academic nightmares.

Regardless of where you are applying, nearly every course requires at least one, if not two or three letters of reference. Such documents are sometimes also referred to as letters of recommendation. In general, it is best for reference letters to be written by professors with whom you have worked closely, so they can offer detailed insight into you and your work.