My problem with economics papers/books is that tiny word smuggled into calculations, 'assumption'. Depending on x assumption, a model may or may not work; that assumption often has multiple variables that have to be bundled ( a bit like 2008), leading to answers that are not statistically significant if the whole truth is known. I find myself more and more leaning towards Keynes and his theory of 'uncertainty'; mainly, we can only predict with any certainty into the very near future from our present; the further from that point, the greater the uncertainty due to those damn 'assumptions' and hoping a flock of Black Swans don't appear. He said (in reply to Adam Smith's in the long-run returning to an equilibrium), 'In the long run, we're all dead'! Economics is a messy, evolving, unpredictable human social science, not Newtionain. (Keynes) That is not to discount economics as an academic profession; it just needs a lot more humility and grace when presenting 'a model', not unlike architecture and landscape architecture, which are my base professions; the arrogance often goes off the Rictor scale when a tradesperson offers a solution Note: The tradesperson is the person who touches, experiences, and understands the physical rather than 'just' the theoretical. I would like to hear back from anyone about coping with the issue of 'assumption' and how many models actually have come to an answer with the few rock-solid variables allowed. Remember, Supply and Demand only work where both parties have all the facts (transparency), are of equal need and power (e.g., water in a desert), have equal racial, cultural, and religious power (no matter the country, this is still relevant), and finally, who has the most money/gold/military power(mercantilism) (Mariana Mazzuczto) The 'free market' is a myth (no offence to Adam Smith, a good man of his time) that feeds the world of mercantile infinite consumption philosophy (Thomas Mun) and Neoliberal economic agendas (obviously - Hayek and Friedman).
@michaelirelandpersonalreal56374 күн бұрын
Brilliant explanation! Everyone should know this about their economy, Thank you!!!
@Egalitare5 күн бұрын
A year out and this remains solid.
@EconWithDrA5 күн бұрын
Thank you
@andrewiyanya4477 күн бұрын
I would like to invite you for an interview sir. Where can i place inquiries
@EconWithDrA7 күн бұрын
Econwithdra@gmail,com
@AneGideon7 күн бұрын
Thank you for the video Dr. A. I'm an undergraduate student in economics and wish to know more on the career paths.
@Theorykshydydiqldhdybrbkd10 күн бұрын
Hi, I'm thinking to do my bachelor's degree in Economics. I have some queries. What's the actual applied difference between BA economics and BSC Economics? Which would be more beneficial for getting a high paid job in foreign countries? And also I've searched online but didn't get any specific answers regarding math. Which specific mathematics topics will be needed while studying economics? I love coding that's why at first i had choose to do my bachelor's in computer science. Thankfully i realized that cs is not only about coding but also unlimited maths. Actually if i complete my economics degree will i able to apply my coding and machine learning knowledge in econ industry?
@Jason-o5s16 күн бұрын
Cheer~~~the quality of being based on or in accordance with reason or logic.😊
@amrelshereef20 күн бұрын
الاقتصاد هو البني التحتيه لبيئه المال والاعمال علي المستويين الدولي والاقليمي في وجهه نظري المتواضعه والشخصية طبعا... تحياتي وتقديري للجميع
@pipelinethug26 күн бұрын
Of course it shouldn't affect me, I really don't like how an economics degree is looked down upon as if it is easy to obtain. If you go to a reputable university, it is quantitive and rigorous, yet everyone is seemingly more impressed by a finance degree requiring one level of calculus (or none).
@bennisterphiri695927 күн бұрын
I am my final year undergraduate in Economics. What are the job opportunities I have and what do I do in maters
@EconWithDrA27 күн бұрын
I have several videos on this topic on my channel. Take a look. Hope you enjoy them
@sulimankarusi834527 күн бұрын
Some of the younger Omanis are not willing to work. Most educated Omanis with higher studies needs office jobs only.
@christopherchimansa2799Ай бұрын
How do I access your original videos
@christopherchimansa2799Ай бұрын
Thank you very much Sir looking forward to learn more
@ZitsileNgcamphalalaАй бұрын
😮.
@d_c.e.o1Ай бұрын
i would love to share thoughts and ideas with you concerning economics
@cameronfanky268Ай бұрын
I dont think online school is for me it limit my socail interactions, physical interactions, and my personal interests
@EconWithDrAАй бұрын
I hear you. It isn’t for everyone.
@hypefineАй бұрын
It’s Ram-Meet. Say-tee.
@EconWithDrAАй бұрын
Thank you.
@IgniteTransformationwithDrEckeАй бұрын
thank you so much for the interview. It was very helpful. I’m considering moving from faculty to assistant dean
@EconWithDrAАй бұрын
Good luck on your next step. Glad we can help
@KhadijahAdeboyeАй бұрын
Glad i came across your video Am an economics student in my third year, what did you think i can start doing now to help me in the future,as an economics student, what did you think i should know and start doing now? Thanks
@Ganadores500Ай бұрын
Dave Ramsey is good when you're getting out of a financial rut like your training wheels and Sethi is good once you're out of debts and financially established
@cl1924Ай бұрын
So the average house in the US now is about $400,000 (about) and if you put down 20% your mortgage for 15 yr term is about $2500/mth. Add property taxes and other “things” and you’re easily upwards to $4000/mth (depends on State, etc). If that should be less than 25% of your income you have to be making about $16,000/mth or over $190,000 “net” per year. The medium salary in the US is about $60,000 per year gross. So basically no one buys a house! Unfortunately, this is not 1960 or even 1970 and many things look different including house buying. Is stuck in the past. (All numbers are rough assumptions from data digging). Also, once Ramsey said you can/should withdraw 8% each year he lost all credibility. We all need to start learning ourselves (even the basics will help) and not throw our hands up and let others outline specifics of what to do.
@leoavila91514 күн бұрын
If that’s the average am screwed. I make less than 36000 a yeah. That’s with over time
@terrencedarkoАй бұрын
Can a wanna be entrepreneur study economics
@allenmehedi3271Ай бұрын
Please make a video on M.S in environmental economics in the USA and job opportunities. And also suggest some good University and programme for it in USA... Take love from Bangladesh.
@AntowanАй бұрын
Congrats to Princess!
@nabeelalkharrazАй бұрын
Thanks 🙏 that was amazing
@EconWithDrAАй бұрын
Glad to hear. 🙏🏽
@josephruiz3202Ай бұрын
Dave Ramsey has mentored millions of people to debt freedom and millionaire net worth. And his net worth reflects that value. Ramit is a good for when you get to Ramsey’s step 7. Ramsey is foundational.
@SuccessMindset2180Ай бұрын
Technology is widely underestimeated nowadays
@sachinpatel736Ай бұрын
I am also pursuing a Major(BS) in Economics at IIT Kharagpur, India. Initially, I chose the path of Engineering in my +2, still ended up taking this as a Major. Now can definitely say it was one of the best decision ever made. Your kind words increased my field of view and provided different view point.
@naomihurdle50192 ай бұрын
Was a student/coworker Dr A and Tyler and can attest they are both awesome! This is a great intro to finance careers!
@EconWithDrA2 ай бұрын
Naomi! We gotta get you on the podcast.
@AI-MusicMagic2 ай бұрын
You need to create a video about Lebanon. Where graduated works as delivery drivers or anything else but not their major. Unfortunately, this one of the issues that Lebanese are facing
@andrewkroeger95972 ай бұрын
GO NORSE
@EconWithDrA2 ай бұрын
Norse up
@MekhiStafford2 ай бұрын
Where do you teach ?
@EconWithDrA2 ай бұрын
Northern Kentucky university
@ShantanuShantanu-ry7kf2 ай бұрын
Sir, I'm doing my Bachelor in Economics. Can I take my masters in Finance??
@vbsounds182 ай бұрын
quality vid
@EconWithDrA2 ай бұрын
Thanks
@sundayigbinovia63592 ай бұрын
Dr. Am a teacher and i will like to teach in Oman, I have a master in history, kindly help me to get a teaching job in Oman.
@EconWithDrA2 ай бұрын
I’d love to help but I am not in Oman anymore.
@sundayigbinovia63592 ай бұрын
@@EconWithDrA Ok thank you
@Antowan2 ай бұрын
I've been a marketplace fan. They have never had a bad episode
@fawazfagehi93552 ай бұрын
Thank you for sharing, this is a valuable source.
@EconWithDrA2 ай бұрын
Glad you found it helpful
@dandyyandy32382 ай бұрын
Inspiration in every day life 😁
@Antowan2 ай бұрын
I have a list i always turn too if they ever drop. Other peoples panicking is my gain.
@EconWithDrA2 ай бұрын
Yes. Logic over emotion
@denniskaye50262 ай бұрын
Do not ever blame inflation on the people or business or labor. It is 100% cased by The Federal Reserve and government.
@Incab2 ай бұрын
Fed cut will only make inflation worse. The fed needs to keep rates high, let bad companies fail and allow the market to correct. A decade of 0% has killed savers and propped up too many into financial positions they can't actually afford.
@djembelife2 ай бұрын
I came here from Paul Krugman's article, "Keep Sahm and Carry On," in the NY Times.
@EconWithDrA2 ай бұрын
Thanks. Hope you enjoyed this content and the other interviews.
@dandyyandy32382 ай бұрын
Hey Dr.A Great video which just gave me a brilliant idea which makes me challenge myself while also help me to build my brand so look forward to it.😁
@EconWithDrA2 ай бұрын
Can’t wait to see what you do with your idea. Keep us updated.
@dandyyandy32382 ай бұрын
Hi Dr.A this seems like a odd question but I have trouble expressing my thoughts or passion especially is there a way to make me express it more in a thoughtful way?
@EconWithDrA2 ай бұрын
Good question. Before I answer. Can you tell me what are three things you are interested in currently?
@thearcher65342 ай бұрын
This video seems more about showing where you live. What does running by several Fortune 500 buildings have to do with actual productivity? Doesn’t make sense. Showboating isn’t economics.
@EconWithDrA2 ай бұрын
Attracting business to the local area increases regional economic development. There is always a connection to economics.
@jakestokes11772 ай бұрын
How miserable you must be to talk shit about someone posting content about running lol 😂
@dandyyandy32382 ай бұрын
I'm excited to see what kind changes that you made in your class sir.
@Antowan3 ай бұрын
Great shoes! I love the newsletter that explain the story behind them
@EconWithDrA3 ай бұрын
Thanks Antowan.
@Ana-f9e3 ай бұрын
Hi, thank you very much for your KZbin Chanel in general :) It has helped me a lot as a high school student who is choosing a career path. I'm also new in this Chanel, but I was wondering if you have a video or if you could make a video answering the following questions: How much connection has economics with politics? How often or how regular does an economic student need to check the news? Thank you :)
@withoutthestatepodcast49893 ай бұрын
Without economic freedom, political freedom isn’t possible.
@kokwahtan85773 ай бұрын
Investment banking is 80% finance .....Economics degree is 20% .😢, a Bsc . Finance & Econ. Ok