Answering Your Assumptions About Economics Majors

[@MarketPowerYT]

What else do you want to know about economics majors?

[@cocktailbarbelltender8067]

What are your opinions on the various schools of economic thought? I'm particularly fond of Austrian and Behavioural Economics (with a little institutional econ thrown in). As an Economics graduate I found that some of the Neo-Classical theory was based on poor assumptions!

[@_dc_iii_]

What internship should an econ major get and are they that important

[@yiye624]

Hey, I would like to know what carrer options learning econometrics open up exactly?

[@rodrigobaldeon8443]

What type of maths do you use

[@jwfleming1024]

How many people have you interviewed who have a degree in economics? Perhaps invite people with a degree in economics to be interviewed by you on this channel, in videos that would be exclusively that. Maybe make it a series on it's own so anytime you find someone new to interview you can add to the playlist. Perhaps it will be difficult to find enough people who are willing to be interviewed about their educational and employment history on the internet though, but if you can this might help to dispell the myth that there aren't many career opportunities for economists/econ majors. I for one would be interested to see how many double majored and I am, and it sounds like others might be, interested to see how they got their start after graduating, like did they have an internship.

[@EnriqueGarcia-hu9ou]

I’d love to hear why you think internships are overrated because all I hear is that it’s impossible to get jobs after graduation without one

[@brightmulenga1134]

From experience I think a BSc in Economics is very much better than a BA in Economics because of the more quantitative courses found in a BSc in Economics. I have friends who did a BA in Economics and struggled to land a job but for me with a BSc in Economics and finance I was able to get a job in govt immediately working in Finance department

[@samuelcamachopalencia5737]

As an Econ major applying for internships during the summer, please let us why you think they’re overrated!

[@007Anukul]

I'm from India. Freshers with economics degree do well as long as it's from a reputed college/university

[@lakshminarashimman9365]

True sir. In india the jobs in economics is skewed for students of only particular colleges. Quite stupid.

[@TDBetterOficial]

See it's your effort and skills even for finding an econ job....there are openings and something called linkedin if you would know.... Yes bachelors provide placements only in delhi mumbai but masters have greater scope and reach ...ots all that you should know to approach and connect.....if you are unaware and unable it's not the fault of the course

[@TDBetterOficial]

It's also true for engineering either

[@ColinNasty]

In my experience economists really do have physics envy. Had a professor of labor econ fascinated by physics he'd spend 90 percent of class talking about it (sometimes). Even myself, i watch andrew dotson and I don't study physics at all lmao

[@aryankumarprasad1574]

And then there is Econophysics

[@josephbrennan370]

@@aryankumarprasad1574 never heard of it but you have led me down a rabbit hole.

[@josephbrennan370]

Andrew Dotson is great.

[@aryankumarprasad1574]

@@josephbrennan370 Hope you enjoy

[@generalginger7804]

LoL I am about to become you. I like physics, but I am not that smart that I can make any significant change. So I am taking Economics next year.

[@prestonbell7314]

Thanks for the thorough response! It reminded me that Issac Newton said something like: I can calculate the movements of heavenly bodies (planets, etc) but not the madness of men.

[@MarketPowerYT]

That is an excellent line, and I had never heard it before. Thanks for adding that, and thanks for the physics envy comment.

[@gooner5857]

It is so awesome and beautiful to hear thoughts and opinion from an economist directly to the students and viewers on KZbin. I highly appreciate it. Your videos clear doubts of so many people. I myself is trying to learn economics and doing undergrad while working night shifts. But truly your videos has given me confidence and also cleared my doubt about economics soo much... So a big thank you to you. ❤️ From India. Keep making more videos for us. It's truly wonderful.

[@hadizafar7523]

5:49 Here I am from Pakistan. Love your videos.I would request you to please do a detailed video on job prospects for economics graduates in rich vs poor nations.

[@brackengossett1255]

I can’t believe you said just said the words,“Physics is easy.” The context makes total sense but just hearing the words themselves made me laugh out loud. 😂 Would also really love to hear your take on internships. This strain of videos discussing futures in studying and working in economics have been really helpful, and reassuring for me as someone taking a less traditional path and pace through my education. Really awesome stuff.

[@nycto16]

physics is easier than economics at least. Specially at higher level :)

[@nycto16]

@tes res it is...

[@abbysaucedo7871]

@@nycto16 my profesor who also is an economics PHD says physics is easier than Econ

[@cevcena6692]

There should be a "Market Power" for every social science Major.

[@kuroneko9327]

From a third world developing country, it's true an economics degree doesn't help us as much as it does in a developed country.

[@lakshminarashimman9365]

Think from an indian perspective and as an indian, you will understand how tough it is to get an economics jobs. You are keeping yourself in mind while doing these videos sir.

[@TDBetterOficial]

Madam .....its not that ,there are openings and something called linkedin....its not that if you are unable to get one then none can get one. Please dont spread negativity and confusion in our minds....everyone has their journey...and in India with added skills you as an economics graduate can succeed in coming days....develop analytical skills .....only the degree will not make you employable ...its there only to support you

[@ShellieGonzalez-r5g]

One little tid bit about econometrics and or statistics. Once I wanted to take a chemistry class and there was one open seat so I showed up to the class ready to be signed on by the instructor and said instructor told me this; Statistics show that people who sign up the day of do not complete the class. I was dismissed and refused. Another time I heard an advisor to an advisor tell me, statistics show that if this class is not taken within the first semester or two, the person does not complete the program. So said student is put into a statistical box and not allowed to pursue her intended education per se. Said student decided on a degree in Philosophy which did put her in a 4.0 status. After pursuits to specific BA's, currently having eliminated all majors that put people in statistical categorical boxes and decided upon economics instead. I feel really good about my choice and if the world is better for me not being a nurse or teacher - so be it, but I at least tried. Viewing these videos enhances my security within the major and it is my belief anyone can contribute to the prosperity of a plate without being deemed heated spinach because at least it is good for the body. Anyway, the point is if you are a statistics person and decide a categorical box is good for a predictive pedestal, then calculate the chances of overcoming a success so the added spice can make a difference. That's all. Usually, when something like this happens it is like ecolalia in repeated redundancy with living by concrete evidence with an improbable future because you wanted to be 100% and we all know that miracles can equate to 200% or better. Do not put people in statistical categorical boxes, please. Not you but those who do. I am looking forward to pursuing economics and those things that build credible equity for possible economic success.

[@aliciarhodes6201]

in 2013 on my way to college in another state i spent on of my flights talking to a guy who told me not to get a degree in economics because he explained you cant find a job its pretty much worthless. i was business major and he told me that was good. Now that im back in school, im minoring in Economics despite his waring.

[@vivekpandit2190]

Thank you for including my assumption

[@MarketPowerYT]

Thanks for your contribution!

[@KK-wd6it]

Thank you for answering to my assumptions!

[@nigirizushi533]

I'd love to hear your opinions about internships! Love the channel and the unique insights you provide.

[@MarketPowerYT]

Here you go! kzbin.info/www/bejne/g5nWhGqsj8SVecU

[@etbedtalksAOH]

Its the same situation (almost) as in engineering. If employability is not there, its a bit difficult to build your path. (Correct if I am wrong)

[@gonzamartos4132]

Thank you for reading my comment!!

[@MarketPowerYT]

Thanks for making it!

[@sfcomposer]

II love the arts, music, writing, etc but have an interest in global economics and economic policy. Is there a good career path for a more right-brained creative individual interested in economics?

[@brightmulenga1134]

I think getting a Bsc in economics is way better than getting a BA in economics because of the finance and management courses that are found in a bsc than a BA which has no finance or management courses

[@nathanflanery7746]

YES! Although a BS in Business Administration Economics (B.S.B.A. in Economics) is a MUCH more marketable degree. Why? Because almost ALL of the jobs that will take a BA in econ prefer 1) Accounting major and 2) Finance major. If they can't find someone with an accounting degree, they move to someone with a finance degree. If they can't find someone with a finance degree, then they look at people with econ degrees. There are almost NO jobs that prefer a BA in econ over a B.S.B.A. in accounting or finance. At least with a B.S.B.A. in Econ you are "in the ballpark" with accounting and finance majors. But the most important thing these days is simply getting through the job filters. I had my resume posted on all the major job search engines for 2 years with my degree selected as "Economics" because the B.S.B.A. in Economics is so rare nobody has it listed as a "drop-down box." I got almost NO calls or interested employers even with my 3.93GPA. But since it is a Business Administration degree, I was able to honestly change it to "Business Administration" instead of "Economics" and I started getting TONS of calls!!! If you do a BA or BS in Economics, (even if you do take accounting, finance, management, business law, marketing, and information systems) you will have to lie about your degree to get through the filters by saying you have a business degree and explain it in your cover letter. And if you DON'T take all those core business courses that Accounting and Finance majors take, then you're just SOL because businesses want people with business degrees. That is why MBAs have become so popular. If you have a plain, non-business, BA in econ; your best bet is to get an MBA, so you have the business background businesses want.

[@harshitrawat5111]

few people know that people with phd in finance are also designated as economists there are many examples like Dr raghuram rajan, Dr viral acharaya

[@anglonrx2754]

Economics degrees seem to be perceived very differently in UK vs US. In UK economics is seen as a very prestigious degree with a lot of clout. Probably gives the best career prospects outside of medicine (more so than CS, law, engineering). I wonder if they're taught differently

[@pontus1755]

I regret getting a MSc in economics (major in finance + econometrics), it’s impossible to get a job! If I could go back 6 years in time I would have picked an MBA or law degree any day over my MSc in economics :/

[@ryanbaker5323]

Took the FRM and 2 CFA exams while working on my MS, no issues finding work.

[@emanul8302]

@@ryanbaker5323 What is FRM? and what job do you have?

[@teegnas]

What's your take on, "fallacies of different fields of economics?"

[@jake______]

One first point on BA vs BSC: I have a BSC in psychology that effectively had the exact same requirements as BA because my psychology units were classed as science - so there is no way to know for sure what differences a BA/BSC entails.

[@aryankumarprasad1574]

In India, some uni will give you a BSc in econ if you take a certain amount of credits from maths/stats department.

[@jake______]

@@aryankumarprasad1574 I guess that kind of makes sense? Like the BSc indicates heavy quant learning but then it doesn't indicate studying scientific, experimental methodology so I dunno.

[@ahmadshohaib7589]

Why you compare psychology with Economics Science???

[@jake______]

@@ahmadshohaib7589 I'm not. I'm comparing BSc to BA. at my university, I could pursue either while studying the exact same units. But why shouldn't I I compare psych to econ?

[@ahmadshohaib7589]

@@jake______ ask yourself!

[@mathiasfondo5494]

I'm from Uruguay (a small developing country in south américa) and this year im going to applicate to a phd program in the USA. I'm currently writting my msc tesis and preparing the GRE. I would know what things/courses i could do/take this year im order to improve my application. Could you do a video about it? I think its gonna be so helpful. Congrats for your channel, its so inspired to guys like me.

[@no_username9065]

Hey Prof. Someone tells me grad schools look for 3 semesters of calculus. The only way to do that at my Uni is to take hardcore Math department courses. And I’m not that big a fan of math in the first place, I tolerate it because I enjoy Econ. What would you recommend?

[@keylomoon]

0:32 how do I even know how the classes are good? How do we define good? A lot of youtuber say go to a good school, see what classes they have etc. that makes no sense.

[@MarketPowerYT]

Talk to students at your school. They can tell you which ones are good and which ones are worth skipping.

[@keylomoon]

@@MarketPowerYT I’ve been to three different college. Never heard any students ask another student about how good the classes is. Is there another way? Plus, how do I even find the right student if they don’t take that class because I don’t even know what classroom that class is located.

[@conor4475]

It feels good to make the thumbnail

[@MarketPowerYT]

Thanks for contributing!

[@brightmulenga1134]

By 3rd year of the Bsc in economics I was able to land a finance job in govt

[@rebeccanmc8189]

What if my English not that good but interesting in eco ( because I believe that this is a good major for my future career )

[@ignaciocanabal3803]

Very interesting ! About Math, next semester I have a choice between taking "Nudge and the Psychology of Decision Making" or taking "Math complements". This second class is about complex numbers and trigonometry among other stuff. My goal being to get a PhD, which class would you recommend I take ?

[@alecmac6975]

From my understanding graduate studies in Economics basically becomes entirely mathematics

[@etbedtalksAOH]

Is it useful to learn computational economics? If so is Matlab a good enough tool?

[@jorgegomez3224]

voxeu.org/article/which-programming-language-best-economic-research#:~:text=The%20most%20widely%20used%20programming,for%20a%20computationally%20intensive%20task.

[@goldenfighter1986]

@@jorgegomez3224 Great link! Thank you for the info.

[@sarawho]

Can you do a video anlalyzing Big Hit Enterteinment? It's a Korean company, it has the music group BTS and it's doing global moves recently which i don't understand well how it will benefit them economicly. If it is too much work or out of your possibilities is fine. Keep going!

[@nuwang2381]

I find it funny how in economics one of the margins of error in equations are people acting dumb xD

[@sakod2023]

In couple of days, i will apply for my undergraduate admission, but I don't know if it is better for me to study economics or just do a business degree.

[@Ann-sf6od]

What jobs? Convince me. As a.PhD you have a vested interest in promoting the study of economics. I get that. But I hear anecdotal stories of econ majors having a tough time getting jobs.

[@ahmedbellankas2549]

How to do the real economics,do we really need math in economics?i'm not talking about statistics or econometrics?but things like mixed strategy nash equilibrium,does that help in explaining people's behavior.

[@Seofthwa]

Hi I would like to know what math would be beneficial for a Economics course of study. I would assume the following: Statistics, Calculus, Linear Algebra, and perhaps Diff Eq. I would like your take on this if possible. I have also seen somewhere where Discrete math may be useful too. Thanks.

[@abhishekkumargupta3653]

I am the students of M.A. in Applied Economics.

[@adarsh601]

Which universities are the best for undergraduate economics degrees (your opinion on their ranking)? Are US universities better than Oxbridge/LSE?

[@josephbrennan370]

Did you go to any of these unis in the end?

[@faris8717]

what about mathematical economics degree? Is this degree worth it? I do really like math heavy economics

[@tyromemadkins6926]

Would a math heavy Public Policy degree be more versatile than a Econ degree?

[@jwfleming1024]

Which jobs are easier to get with an economics degree than with some other degree or credential?

[@MarketPowerYT]

A job as an economist? Probably some data scientist jobs.

[@giovannigiuliari]

I know that these vids probably make you the most views but could you please continue with the actual econ content

[@MarketPowerYT]

Maybe KZbin hasn't been recommending my other videos to you? Just last week I did an intensive economic analysis of a game. And most of my videos this year have incorporated some type of research review. Jump on the channel page and see if something catches your interest!

[@arthurlee9237]

Is it a good idea to double major in psychology and economics?

[@nuwang2381]

I wonder if you can specialize in behavior economics

[@teegnas]

From what I know ... Behavioral economics dwells in both of those

[@zacharyklinger5674]

Where do you teach?

[@ilpaesedelmiocuore2637]

is a B.S in Quantitative Economics a good degree, does anyone know?

[@HelenKTindel]

take econometrics in summer school- it’s better

[@czar2074]

Did he just say physics is easy hahahahah.

[@zarolive6858]

🙏🏻

[@abhishekkumargupta3653]

Economics is not a part of science.

[@priyanshuvettori5179]

Physics is easy XD

[@czar2074]

economics will vanish.

[@ahmadshohaib7589]

It is the same like he said Physics is easy. Physics really is easy. Maybe it depends upon how they are taught and how they perceive. But you made a statement that Economics will vanish. Could you please justify it? I don't know you are aware of yourself or not, but Economists are reading how you consume.