Innovation Economics is a relatively new branch of economics that focuses on (rather predictably) innovation, alongside the study of technology, knowledge, and entrepreneurship. It aims to understand where new ideas come from, and how we can put forward policies which will encourage the development of new ways of thinking. As many nations move away from an industrial model of production and towards a knowledge-based economy, the economics of innovation becomes more and more relevant.

So you've coming up to exam season? Maybe you've already sat your written exams, and the only one left is the oral. Oral exams can be an daunting experience for students, so today we're sharing some advice on how to get through an oral exam with as little pain as possible. Check out more of our study advice here

Once you've handed in your thesis, you still have one big challenge to overcome before you're finished with your PhD: the thesis defense. This is an opportunity for you to present your research publicly and to answer questions about it from your thesis committee. The process can be tough going, especially if you've never had to do anything like this before. That being said, there are a few ways to make sure you survive – and even perform very well in – your thesis defense.

Doing a PhD will make you an expert in your research topic, but, beyond that, it will also teach you a number of valuable lessons which are applicable to other jobs and your personal life. Here are some of the most useful lessons that you'll learn from undertaking your own independent research project.

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?

With university life still suffering major disruptions and COVID fatigue reaching new heights, we at INOMICS felt it time for the latest instalment in our ‘online course’ series. We understand how difficult it’s been in these last months, the fear, frustration, and now, more recently, the boredom. Many have picked up new hobbies to pass the time, some have started learning a new language, and others, even, have experimented with exercise... As admirable as these endeavours are, a trick is still being missed.

Despite the easing of Corona-induced restrictions in certain places around the world, many universities and centers of learning remain shut, and will likely stay so for some time. For the foreseeable future then online learning will fill the void and become the default means of study. Yes, these are strange times. If you aren't already incredibly familiar with Zoom/Whereby/Skype we advise you to download them all now!

No need to stress about your university exams – INOMICS is here to help! (Well, stress a little bit, that's healthy and can serve as motivation, but no need to freak out). Having already dispensed advice on facing down essay exams, this article turns to two other  university exam formats – short answer questions and multiple choice tests.

Given the excellent feedback we received from our audience on an earlier blog post that compiled a list of free econometrics courses online, we have now prepared for you a list of free online courses (MOOC format) that you can take in the discipline of mathematics. Like econometrics, proficiency in math is a prerequisite for performing well in economics courses at all reputable universities around the world.

Microeconomics is the study of what economic actors - be they people, firms, or whole industries -  do when confronted with choice, and how this affects the distribution of resources. It’s fascinatingly revealing but can be frustratingly complex. And regardless of which direction your economics career takes, it’s likely that, at some point, it will have to be mastered. But that’s fine, INOMICS is here. 

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.

There are several key differences between an MBA and M.S. degree. The one you choose depends on your career goals, experience, finances and more. Focus MBA programs are more all-encompassing. They are meant for students looking to gain functional knowledge across all aspects of business. A specialized master’s program is exactly that — it focuses on a specific area of business and provides a deep and precise knowledge of that subject.

Been meaning to brush up on your econometric skills, not got round to it, and now worried you won't be able to due to the coronavirus COVID-19 pandemic? No fear - there's plenty of studying you can do from the comfort of your own home online. While nothing beats face-to-face interaction between student and teacher, online courses have other advantages, not least being that you can study when you want and at your own pace.

In these weird times, many (though by no means all) of us find ourselves with a lot of time on our hands, stuck at home with not much to do. But actually, there are plenty of things you can get stuck into to keep you busy, and not all of them involve watching ten hours of Netflix a day. We here at INOMICS are big fans of convincing people to learn a language, because we think it's one of the best things you can do for your brain.

The list of reasons to learn a new language is endless. Not only does it open up a whole other world of culture and history for you, there's a growing body of research which suggests becoming multilingual can help stave off dementia, improve your memory, improve your cognitive control, and even make your happier and boost your pleasure levels. Employers also often say they value bilingual candidates more highly, and much research shows after learning one new language, learning others becomes easier.

With the coronavirus making studying from home the new norm, it’s imperative we look beyond the frustrations of no longer having face-to-face contact and find a routine to keep our brains alert, and educational progress on track. Yes, it’s a difficult time, but INOMICS is here to help. 

Here at INOMICS, we’ve always been dedicated to trying to help you, the economist (fledgling or otherwise) get the most out of your education and career. Whether that be offering you the best new courses and conferences, nudging you towards the perfect university degree, or helping you apply to jobs once you’re done studying, we’re there to give advice and present opportunities you may not have otherwise found.

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.

Everyone knows about the hard skills you need to be able to succeed in economics or in academia in general: excellent writing and proofreading skills, the ability to extract information from what are often dense scientific texts, and being able to evaluate and analyse data effectively, among other things. But they aren’t the only skills you need to have. There are, of course, the dreaded soft skills – a slippery term that can mean anything from being able to clearly communicate your ideas to another human being to more abstract concepts like emotional intelligence.

Whether you are applying to a structured program like those typically found in the United States, an independent research PhD like those in much of Europe and elsewhere or a hybrid of the two, the first step is to gather your thoughts (and paperwork) in an effort to convince the admissions board that you are the most qualified and motivated candidate for the position.

What does it take to succeed as a economics student? What qualities do you need to thrive at university, to enjoy your studies, and to get a good job afterwards? These are big questions. To put your mind at ease, we've compiled a set of the top 10 traits, that if you possess, will help you get the best out of your university experience. Not bad!

A wise economist once said of new theories ‘if everybody likes your idea it means you’ve done nothing important’. Provocative? Yes, a little. Its sentiment though, rather than a clarion call for economists to adopt a wilfully antagonistic outlook, is better read as a request for bravery, for the courage to find answers to questions that may upset the status quo. Well, that is at least one possible interpretation…

Doing 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. Below we look at some of the biggest (and most common) problems that PhD students encounter. If you are considering a PhD, or just beginning one, advanced awareness of these stresses may help you overcome them if you ever have to make their acquaintance (don't worry, we have our fingers crossed). Plus, knowing that they are frequently experienced and nothing out of the ordinary will hopefully provide you with some comfort.

One of the biggest and most exciting challenges of a young academic's career is coming up with that first research project. 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 into 6 key points. Consideration of each will give you the best chance possible to make sure the topic of your Master's thesis in economics is the right one - both for you personally and for your future career.

When you're just beginning your studies in economics, you'll come across two very important subjects – microeconomics and macroeconomics. It's highly likely that you'll study both of these topics as you learn more about economics, as they are foundational to the subject.