Choosing a Field in Economics? Try This!

[@JoshuaAGomes]

hey Market Power I am still doing my undergrad but I tutor people for the intro micro and macro courses at my university as well as tutor high school students in their upper year econ courses (In my country Trinidad we have an additional optional 2 years of high school for people wanting to go into more complex fields like econ. STEM or law) and I have used your videos to show people the potential of perusing a career in economics or at least the value in studying it. They particularly find the "why x field of econ is the best" videos inspiring because it seems nothing like the intro micro or macro which can seem rather pointless in abstraction to them. I would love if you continued this serious, I know you're covering your fields of interest first but if I could suggest that you look to interview guests for the fields you yourself don't enjoy I am sure you would be able to produce good quality videos for all the fields. I have students who I think would be interested in industrial organization, finance, international trade, game theory, econometrics, and health economics and I would love to send them videos from you. It would be really cool if you could reach out to some of your former Yale Professors for videos on some fields, or your colleagues at your current institution.

[@mehedihasan-ui6qt]

All your Videos are filled with lots of useful informations, thanks again...

[@joshuaboyken126]

First off, I love watching your videos and try my best not to miss one. I'm also very interested in economic history and the different schools of economic thought. I was interested in what school you align most with? I also think it would be super interesting if you did a video or video series on the different schools of thought. It seems New Keynesian economics is widely regarded as the accepted school of thought today, but there are other schools that I find very fascinating like the Austrian school. It would be super interesting to see someone dive into the contributions and contributors of each of those schools. I know you got your hands full; I just think that would be awesome. Thanks!

[@MarketPowerYT]

I don't principally identify with any school of thought. Most of the macro I learned was either New Keynesian or RBC, but the majority of economists (myself included) are not macroeconomists. Most empirical economists focus on a set of policies and follow the evidence.

[@economistymceconomistface3922]

Thanks for another great video!

[@MarketPowerYT]

That means a lot coming from that user name.

[@economistymceconomistface3922]

@@MarketPowerYT haha, I'm busy doing my honours degree in economics (where I'm from, honours is done after the completion of a bachelors degree) so it's the first time I'm doing "proper" research and your videos have really been a big help!

[@MarketPowerYT]

@@economistymceconomistface3922 That's so satisfying to read.

[@MatthewGattozzi]

Hey! Keep up the work. This is a great video. I am part of Creator Now, can’t wait to keep following along

[@woostuhshuhsauce]

Thank you for this video! Just wondering about your take on Environmental Economics?! I am keen on specialising in it.

[@tashiannacollins8019]

Same

[@Kevin-xs1ft]

Would you recommend joint major of Math and Quantatitive Economics?

[@MarketPowerYT]

Math complements Economics. I didn't double major; I just minored in Math and took the classes I thought would be most useful (didn't need Abstract Algebra).

[@Kevin-xs1ft]

​@@MarketPowerYT I'm actually a little unsure about the math part because I realize that I'm not really interested in math though I have a relative strong math foundation. However, I realize that having solid math skills is important for economics students. I'm currently a freshman at college and there's still a lot of time for me to discover different subjects. I might also minor even major in data science and I decide to take intro courses next semester.

[@ciai7317]

What I like the most about Economic school is that most of the students are searching a way to contribute to society.

[@Subarna_roy123]

Hey i like your video and now I want to know about the career on political economy..

[@MarketPowerYT]

I'm planning out a video on political economy. But it will probably be a while before it comes out. What side of political economy are you interested in?

[@Subarna_roy123]

@@MarketPowerYT I m basically interested in knowing about the growth and development of my country that come across by different government and their schemes and polices that govt had taken.

[@MarketPowerYT]

@@Subarna_roy123 Organizations like the World Bank, while imperfect, are the best place to start for those questions.

[@Subarna_roy123]

@@MarketPowerYT that' ll be great sir.

[@lahsep9628]

Economics was my least favourite subject ...but one day, just because I was interested to know writing style and thinking patter on noble laureates I pick of poor Economics...and now I am dropping out from my current subject to pursue development economics

[@pranavganesan7787]

What would a good minor for me with an economics major if I’m interested in Business and data science?

[@MarketPowerYT]

You can check out my video on minors for economics majors: kzbin.info/www/bejne/gHWVhWWgdrhje7M

[@billylee5624]

I wonder if new fields and theories come out of development economics, like Universal Basic Income etc. They never covered that in my undergrad back ten years ago or so, but it's always been around. I wonder if green accounting is studied in development economics. But I prefer math and econometrics, I just love finding relationships using complicated math or heuristics like linear algebra.

[@MarketPowerYT]

Development economics is doing really well at testing the theories we have. For instance, the idea of UBI has been around for a while, but we're testing it in developing countries.

[@billylee5624]

@@MarketPowerYT Ah I see, so it is only to develop the countries to a developed economic power. Makes sense. Then you got those on the left that say AI robots will take over our jobs and there will be none left so we would need UBI. Not sure if that's supported by any economic academic research paper, yet.

[@saddamhossain4462]

I’m more into economics and public policy. I want to do Phd, and I’m about to complete my undergrad in July, 2021. My undergrad major was international economics and trade. I already applied for masters in development economics. How should I prepare myself for PhD, could you please suggest something?

[@MarketPowerYT]

Maybe this video will help! kzbin.info/www/bejne/jonPc4OplraUZ7M

[@saddamhossain4462]

@@MarketPowerYT thank you 🙏

[@etbedtalksAOH]

How could an Economics PhD make a contribution apart from new knowledge? Like if I'm doing on agriculture or development does this new knowledge enable me lend expertise to farmers or locals? What kind of skills are required? In my country PhD is must for Professorship so people are trying to somehow get one.

[@MarketPowerYT]

Expertise in a field could help you identify the best interventions. So if you saw that farmers weren't applying the optimal amount of fertilizer, your research during a PhD could be about interventions that help farmers achieve the optimum (e.g. do they not know what's best? do they need credit to buy it? etc.) Then you could apply your findings to policy.

[@toscanoluconi]

Thank you for this! I'm an Econ student in Costa Rica looking forward to doing a PhD sometime in the future. This video told me where my north is and what path to take down the road. Btw, is your thesis available for the public to read?

[@MarketPowerYT]

It will be available soon. I'll post a video telling everyone where to find it.

[@mijerezimba8110]

What's your opinion on agriculture economics

[@analyticallysound2716]

Hi, can you do a video about the deceptive nature of graduate school economics programs when transitioning from an undergraduate degree in econ? It seems that most econ programs do not have nearly enough quantitative courses required in the undergraduate economics programs and many (like myself) are forced to take many more math courses to be considered eligible to be a candidate for econ graduate school.

[@theconartist96]

Hey Craig! Huge fan of the channel. Would love some input from ya- I'm a filmmaker who's worked on the outskirts of the industry for about eight years. I currently have a solid gig but want to pursue higher education to bolster my foundation. I'm currently in CC and plan to transfer for the Fall of 22 after my work contract's up. My main goal is to promote and produce stories from underrated and undervalued Christian artists and filmmakers. I'm currently in production on a Christian-based short myself and plan to use it as a calling card to secure future funding... In regards to school, I am looking at a couple of film schools for transfer next year (USC, UCLA, Chapman, UT Austin, UNCSA, etc.) BUT, since I've already established myself as a filmmaker, film school feels a little redundant to me. I'm actually more interested in pursuing something with economics, particularly in relation to the entertainment industry. "Entertainment Economics" if you will. What category of Econ would you say this falls into? Also, what Econ programs in the U.S. do you think could line up with some of my interests? I know this a long comment but any input you've got, I'd appreciate man. Thanks!

[@manavsindhu7808]

As always, excellent vid professor!!! I've a question in my mind sir, my economics undergrad is a little lighter on maths. I'm afraid I may not qualify for the admission requirements of some of good Universities. So, in your opinion should I go for masters first or directly apply for PhD?

[@MarketPowerYT]

Some masters programs are designed to help you get the math classes you need. You should talk with a professor at your university and get their feedback.

[@manavsindhu7808]

@@MarketPowerYT in general, did you face any difficulties in completing your PhD because of lack of masters? In other words, does masters students have an upper hand then direct admits in doing research?

[@MarketPowerYT]

@@manavsindhu7808 No. I never once wished I had done a masters first.

[@MinistryofOptionsUniversity]

Can totally relate to when I was studying Economics! Your points can also apply to people studying other fields too. Thanks for the great sharing! 😊

[@TheTuxidoMan]

Did you learn creole during college or did you have some background beforehand?

[@MarketPowerYT]

I lived in Orlando for two years as a missionary working with a Haitian church there.

[@a.pereira.s.1494]

I always wanted to say that i am the first to something, so FIRST.

[@MarketPowerYT]

Parabens!

[@a.pereira.s.1494]

@@MarketPowerYT , fala português, amigo? Adoro seus vídeos.

[@MarketPowerYT]

@@a.pereira.s.1494 Brigado! Falo um pouco, mais nunca pratica.

[@renyroy6804]

Hi am studying Bsc in economics ...... I have doubts whether to Minor in finance or itp( infomationTechnoProgramme) or MIS .. Which one has high payscale and job seeking Could you please reply..coz am really doubted to choose

[@chengakpm8861]

iam completed studied in economics which type of job opportunity plz tell me

[@kartikahuja443]

HI I AM FROM INDIA I AM INTERESTED IN ECONOMICS AND MATHS AT SAME LEVEL. CAN YOU TELL WHICH IS GOOD FOR ME?

[@louisemarierenfort6950]

🤣🤣🤣🤣ou pale kreyol tankou rat vre. M renmen chanel ou an anpil e mwen interese avek Devlopman ekonomik tou.

[@MarketPowerYT]

Bon bagay. M kontan w la.

[@saiyedkamil5934]

Hi! thank you for the great stuff on the channel. Recently found out about your channel and been devouring your vids. I graduated in law. In India, law is part of the undergrad joint degree programme - BA LL.B (Hons). I want to do my masters in econ from a uni abroad (interested in dev eco and public finance), can I make this switch? What should I keep in mind before making the switch?

[@MarketPowerYT]

You can definitely get into a Econ Masters program. If you're interested in development economics, I'd try to go to a program that specializes in that (like Harris School MPP) or go to a program located in an area with lots of development organizations (like Washington DC).

[@saiyedkamil5934]

@@MarketPowerYT Great! thank you for replying

[@saiyedkamil5934]

@@MarketPowerYT Hi had a follow-up. whether a year Msc in Eco would be better to pursue development eco or like the programme you mentioned (MPP at Harris) be better? Is there a sufficient amount of eco covered in MPP?

[@MarketPowerYT]

@@saiyedkamil5934 If you want to do something in development economics, there is no better program than Harris MPP.

[@srijan1660]

I was always first, so this time I wanted to be second

[@NoxDaemon666]

lmao

[@a.pereira.s.1494]

THANK YOU. Be the first is a honor.

[@MarketPowerYT]

Your sacrifice is appreciated.

[@Jolie_Love]

Major Economics or Major Business Economics?

[@MarketPowerYT]

You would need to look more at the programs, but business economics are generally lighter economics majors. Or they have you take a few more business classes, like accounting. Or sometimes that's the only way they can get the university to approve the major.

[@chengakpm8861]

hi sir

[@qurkee163]

Are we just gonna ignore the fact that this man just through out some creole like it wasn’t anything

[@MarketPowerYT]

W pale?

[@qurkee163]

@@MarketPowerYT apèn lol

[@MarketPowerYT]

@@qurkee163 kzbin.info/door/zbKQP7UJD9PkaxUW92PJBQ