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.

The prestigious 2022 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, better known as the Nobel Prize for Economics, has been awarded to three American economists: Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig. The prize, awarded by the Royal Swedish Academy of Sciences, was given to these economists for their contributions to “research on banks and financial crises”. The Prize notes that these three economists laid the groundwork for this research in the early 1980s.

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 playing of simple, short games has become an increasingly common way to teach a range of key concepts and theories in economics.

A PhD can be a very expensive endeavor regardless of your background. There are many funding opportunities to finance your economics PhD and they are all worth considering prior to committing to a specific program. Remember that there are options, and that ultimately most graduate programs will view you as an asset based on what you can give back to the program through research, assisting other professors, or even obtaining grants. So, although you’re competing to get into their programs, they should also be “competing” to offer you the most options for financing. If you plan to start your PhD application this autumn, you can also download our free guide "How to successfully apply to a PhD in Economics".

The following article first appeared in the INOMICS Handbook 2022. Download the INOMICS Handbook While every generation claims its problems are the most formidable and pressing in the annals of humankind, our generation certainly has a strong case: a global pandemic that has already taken five million lives, and a world seemingly headed toward catastrophe, unable to keep global temperatures from rising and thus contain climate change.

Ever since I was a kid, I dreamed of becoming an engineer. From playing with LEGO to being an active member of my high-school robotics team, I loved building things and breaking them down to learn how they worked. This being said, I have kept an open mind about a position in management down the road and from this perspective it was important to me to prepare for a career in both business and engineering. My answer: a dual degree program whereby I completed a BA in economics alongside a BSc in Mechanical Engineering.

Your phone is one of the most useful tools you’ve got. Using the technology accessible to us is a great way to keep abreast of economics research, enhance studying, and remain up-to-date with economics-related news. Most of the apps listed below are available on tablets too, so you can download them on whichever device is more appropriate for you.

As you develop your career in higher education economics, you will likely be carrying out research within a field in economics. But you will also likely be involved in delivering and developing teaching within your department. As a result, you may be interested in developing and disseminating an understanding of what students should learn and how they learn.

Is economics a useful tool for maintaining peace? Can nations use economic policies to avoid war? With globalization an established fact of modern politics, this question is more important than ever. In this piece, we'll consider arguments both for and against.

Economists are often immersed in the serious and complex world of numbers, charts, and theories. But contrary to popular belief, economists do have a sense of humor too! In fact, there is a whole subculture of economics memes that bring a lighthearted and comical perspective to the field.

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.

The current circumstances can be tough: being isolated from families and friends is difficult, and having to spend most of our time inside isn’t particularly healthy. However, there is one thing you can spend a lot of time doing which will improve your quality of life exponentially: reading!

Every year thousands of economics students decide to continue education, either straight away after graduation or after a year or two of “real world” work experience. Often at this point comes the question: should I pursue a PhD or enroll in a Master of Business Administration program?

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.

In our current state of isolation, it’s important not to forget about some of the other issues which still beset the human race, not least climate change. Due to the fact that so fewer people are travelling both around the world and domestically each day, the levels of greenhouse gases being emitted are far lower than they have been in recent years.

While there is a slight slowdown in the immediate period surrounding Christmas and New Year, December is still prime recruitment season and it would be a mistake to wind down your campaigns too early  

Over the years, Twitter has become a useful and prominent tool within the social media fabric, particularly for professionals looking to network and make connections. Many renowned economists use Twitter, and economics researchers often post research updates using the #EconTwitter hashtag.

If you're a current economics student and you've chosen to specialise in environmental economics, then the good news is that there are a ton of job opportunities in this field. With the growing awareness of environmental issues and concern for sustainability, you can find work in all sorts of areas. But what are some of the specific jobs that you could do as an environmental economist? Today we're looking at possible career paths to give you some ideas about the kind of work which you might like to do once you graduate.

Economics is a popular major in the US, but relatively few women and historically underrepresented minority students choose it as their field of study. This reality is reflected in stagnant US graduation trends; women earn approximately 30% of bachelor’s degrees in economics, and Black, Hispanic, and Native American students earn less than 15%.