Although recently popularised in America, the Green New Deal (GND) was actually born during the early days of the 2007/8 financial crisis, in a small flat in London. The owner of the flat was analyst and foreseer of the crisis, Ann Pettifor; the occasion was a get-together of environmentalists and economists who had convened to draft a plan they hoped would both ‘transform the economy and protect the ecosystem’. Unfortunately for the London attendees, the prevailing political currents post crash proved especially hostile toward their idea, and prioritised, instead, principles of fiscal discipline and austerity, while largely sidelining issues of climate. And as long as such consensus reigned, the nascent GND was forced to lie dormant, far from political discourse.

Academia can be a tough environment for women to succeed in. In many departments, men outnumber women in the senior ranks and this can result in a variety of gender-based prejudices and problems that women have to navigate. Here are some tips for women working in male-dominated academic fields: 

So, you’re studying for your economics degree in the United States of America. It's going well, and you’re enjoying life in the USA, so much that you’re thinking about staying longer and looking for a job in the US.

Attending university is a ton of fun, but it also prepares you for the next stage in your career. Even your hobbies can be advantages in your career development if you pursue them at a high level. Everything you do at university can be added to your CV in order to help you get a job in the future, and universities are great places to take part in extracurricular activities. And remember, not only will these help you practically after you've finished your degree and are moving on to working or further education, but they'll also make your stay at university more enjoyable, enabling you to meet friends, develop intellectually and stay fit. Although lots of these will help you whatever career you decide to pursue, some may be a little more useful specifically for a career in economics.

If you're applying to study economics in the UK, you'll have to prepare a personal statement which will be used to assess your application along with your grades and other materials. Here are our tips on writing an effective personal statement.

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.

The University of Edinburgh is a storied institution founded in 1582 which sits in one of the liveliest and most charming cities in Britain.

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".

Once you've submitted your paper to a journal, you have to wait to hear a response. Sometimes, your paper will be rejected. If that happens, what should you do next?

The US economy is improving, so we are told. With the financial crash receding into the distance, almost out of sight, things are looking up, the future is finally brightening. Unemployment reached a 50-year low in 2019, falling to 3.5%, while US employers have added almost 5 million jobs in just two years. These are ‘the best economic numbers our country has ever experienced’, the President declared at Davos, with characteristic humility. And bombast aside, his sentiment is not without foundation, the US economy is posting some good numbers. In addition to jobs, GDP has been growing at close to 3 percent annually, and the Dow Jones has increased by 49% is the last 3 years - all of which is great election fodder for the coming campaign. Democrats should be wary.

Learning shouldn't only be something which you do in school and university – in order to maximize your personal development and career prospects in economics, further education is always valuable online and in-person.

Economics has a gender problem, it always has, and unfortunately, it appears to be getting worse. Until recently, the impression was that this historically male-dominated discipline was turning a corner—albeit rather slowly—and the number of women studying economics was creeping upwards. That progress, however, looks to have stalled, and by some accounts, including that of the Australian Department of Education, actually gone into reverse. All the while, the number of women in the STEM fields (Science, Technology, Engineering, and Maths)—long notorious for their poor gender ratios—has been steadily increasing. It looks as though the ‘old boys’ club’ of economics might be closing ranks.

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.

Are you interested in doing a PhD in economics but worried about the cost? It's a real concern for many, and can dramatically affect your decision-making process. If you live in the United Kingdom, you could end up with around fifty thousand pounds worth of debt at the end of your three years. In the United States, you could have even more. The stress of having this weigh over you - not only while you're studying, but also afterwards while you search for a job and during your first years in employment, can be massive. 

Are you currently working on a degree in urban, rural, or regional economics? Are you thinking about what possible career path you could follow once you graduate? If so, then today's article is for you. Previously we're shared articles on top career paths for other areas of economics like macroeconomics or economic law, but today we're focusing on urban, rural, and regional economics.

The outbreak of COVID-19 created a worldwide recession, and many people experienced reduced work hours or unemployment because of it. Economists were not immune from this. In early 2021, INOMICS reported that one third of economists (especially those in the Global South) faced negative impacts on their careers due to the pandemic. Most affected were economists working in the private sector, though economists in the academic sector faced other issues.

Due to COVID-19, PhD applicants over the past two years have had quite difficult application periods. It seems common now for students to apply to a range of universities and not be accepted to any of them. In fact, even without this exogenous pandemic factor, admission to economics PhD programs has been becoming increasingly difficult as a result of the excess supply of PhD applicants.

Microeconomics is one of the most prominent subfields of economics and is one which many people studying economics find themselves drawn to. But if you are studying economics now and you decide to specialise in microeconomics, what kind of career options would be open to you? To assist you in planning your career, we're listing some of the top career paths for different economics specialisations, and today we're looking at the top career paths for specialists in microeconomics. 

The jostling between market and state, and the territory that each occupies, lies at the heart of political discourse. It's the major fault line around which political parties form and debates rage. Despite their uneasy relationship, between them they generally make available all that we need, be it food, a home, healthcare, employment, or education, at varying - and often questionable - quality and cost. The demarcation between the two, rarely ever static, differs widely across states, and speaks to the values of the society in question. What, for instance, can be said of a country whose privatised higher education is financially off limits to its poorer citizens? Is it right to leave the market responsible for people’s health? And what of the provision of childcare?

The Brexit clock is now deafening, and the British political and media establishments seem utterly consumed by its inexorable ticking. In the public realm, little else is considered, even less discussed. And yet, despite this obsession, with just 42 days before Britain departs the European Union, negotiations for a withdrawal agreement remain in deadlock, and the hopes of breakthrough seem to be fading. At the core of the dispute is the Irish backstop and, by proxy, participation in a customs union. On both, neither the Conservatives nor Labour appears capable of sincere compromise, favouring, instead, a game of high-risk brinksmanship. The stakes: the future of the country. By using the approaching deadline as leverage, aimed to cow opposition, Prime Minister Theresa May is gambling, big. And at the point of writing, it's unclear who will hold their nerve. Without concessions being made, Britain will crash out of the EU with no deal, with World Trade Organisation (WTO) tariffs beckoning.

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.