It happens every year. As you’re walking through a shopping centre, a store, or perhaps a supermarket, you hear a Christmas song, and you know it’s the beginning of the buying frenzy that leads up to Christmas.

Economics touches every aspect of our lives, whether we know it or not. Game theory, statistics and econometrics, politics, government policy, and of course finance are all aspects of economics that affect our daily lives.

In 2020, INOMICS once again carried out its salary survey, examining the state and health of the economics profession worldwide. As in previous years, the survey considered pay, sector, seniority, location, gender and educational background. Our 2020 survey was launched in the spring as cases of coronavirus began to increase exponentially around the world. Consequently, we added new questions related to the coronavirus pandemic to assess the effect of the crisis on economists and economics students.

It might be unclear to new students of economics how much schooling is necessary to succeed as an economist. For some careers, a Bachelor’s degree is sufficient. In others, a PhD is a near-necessity. This article will discuss how much education successful economists typically have.

The holiday season is coming and Christmas is just around the corner. If you want to avoid buying presents for the holidays in a panic, you had better get to planning the gifts you'll be giving.

Given the increase in data availability worldwide and the surge in demand for data literacy in the labour market, more and more economics courses are including data analysis skills in their intended learning outcomes. As a result, helping students to develop these skills in the classroom is increasingly important for economics educators.

If you're a young economics student, then there are a number of prizes which you might be eligible for. Various economics organisations create competitions or awards in which they give out prizes for the best project or essay submitted by young economists who are either in school, at university, or at an early stage in their career. These prizes can include cash, money for books, or even career opportunities, and winning such a prize is a great boon for your CV. So here are 10 economics prizes which you might consider applying for.

As an economics student, you already have a host of different topics that you study and a variety of methodologies that you use in research. However, you can also gain valuable knowledge and experience from studying topics from outside the field of economics. If you're thinking about branching out and studying some other subjects in addition to economics, here are suggestions for related fields that you could study alongside your economics degree:

Before you start considering what crazy lucrative job you are going to get with your economics degree, consider this fact: a lot of rich people don’t like their money. Many complain about not knowing what to do with it all, yet simultaneously having huge anxiety they’ll lose it. They moan about their friends treating them like walking bank accounts, being judged for not looking the part, and no longer being able to visit - how to put it delicately? - less refined establishments. Many work like dogs in jobs they don’t find fulfilling to top up the coffers, only to realise they never have any time to have fun with it. And all jokes aside, some studies suggest that, while earning more money than the national average does improve life satisfaction, once you get past a certain salary threshold, money stops making you any happier. (Depending on where you live, this is around $100,000.)

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.