<p>Economics is a large field with many sub-disciplines, and it’s impossible to master the whole lot from just <a href="https://inomics.com/top/masters-programs">one Master’s degree</a> or even a <a href="https://inomics.com/top/phd-programs">PhD</a>. A single economist doesn’t have to master the entire field, but taking time to deepen important skills can be very helpful for an economist’s career.</p><p>So, proactive economists will seek opportunities to further their skills beyond graduation, especially as they encounter situations in the workplace t ..read more

<p>Although these “schools” are separately defined, many modern economists probably consider themselves to fall into an ideological mix of several, and theories from a school can be useful even if an economist considers themselves a “member” of another.</p><p>This article focuses on the latter of these schools of thought, which happens to be set apart from the others in a unique way. Austrian economics is considered “heterodox”, or not mainstream. The Austrian school of economics may not even be considered legitimate economics by some modern economists. This article provides ..read more

<h2>Cultural goods</h2><p>Heavy metal is an example of a cultural good. Cultural goods, like books, art, and music, can be studied using the standard tools of economics, such as supply and demand. Yet, cultural goods have unique characteristics that require further examination.</p><p>Cultural goods embody aspects of both <em>experience goods</em> and <em>information goods</em>. Assessing their quality without experiencing them is challenging, as their value lies in the information they contain rather than in tangible commodities that are mo ..read more

To help you choose your perfect course in economics, we hand-picked top summer schools taking place in 2024. Global School in Empirical Research Methods GSERM at the University of St.Gallen University of St. Gallen, Switzerland 2024 Dates: 30 May - 21st June The GSERM Global School in Empirical Research Methods is a high-calibre integrated generic programme on methodology launched by the University of St.Gallen. We welcome Master, PhD students, Post-Docs and also professionals from all kinds of study fields and industries focusing on qualitative and quantitative methods. You enhance your skil ..read more

If you’re looking to sharpen your skills, learn about a new area of economics, or deepen your professional skillset, read on for some INOMICS recommendations for great courses to consider. All of the following courses are offered online, so that anyone in our global audience might attend. But in-person trainings are frequently offered and can be a great way to connect with fellow professionals, too. So, be sure to check what courses universities and other organizations in your area are offering, as many interesting and helpful courses can be found in-person too! Recommended examples from INOMI ..read more

If you’re looking to sharpen your skills, learn about a new area of economics, or deepen your professional skillset, read on for some INOMICS recommendations for great courses to consider. All of the following courses are offered online, so that anyone in our global audience might attend. But in-person trainings are frequently offered and can be a great way to connect with fellow professionals, too. So, be sure to check what courses universities and other organizations in your area are offering, as many interesting and helpful courses can be found in-person too! Recommended examples from INOMI ..read more

Perhaps unsurprisingly, the typical PhD in economics earns more than the typical economist with “only” a Master’s degree. But how much more? Is doing an economics PhD program worth it in the long term? <11an>limit:3;categories:PhD Programs;disciplines:Economics</11an> The short answer: yes. INOMICS Salary Report data shows that in 2023, economics PhDs earned on average 96% more than economists with a Master’s degree. These are worldwide statistics taken from the full breadth of the INOMICS Salary Survey data. The benefit to doing a PhD in economics varies by region. Figure 1 compar ..read more

Naturally then, you might wonder how you can further your skills beyond just graduating with your latest degree. Or, you may have encountered situations or job opportunities where you wish you’d had more time to study a particular topic. Professional development courses or skills training are one great method to do so. What is a professional skills training for economists? Professional trainings for economists may be offered by a university or by other organizations, including private companies. Usually for a modest tuition fee, you can take a class that lasts anywhere from a single day to a f ..read more

This quote from the famous economist Keynes raises a number of areas that help us begin to answer the question of how to succeed as an economist. Reading the quote, an economics student may ask:  in the modern age, what are the necessary skills one must possess in order to become a “successful” economist? The answer is, of course, hugely subjective. It may also fluctuate as one’s own career goals change. Here, we will identify some of the age-old must-haves – as well as some of the new skills economists ought to acquire in the age of climate change, globalization, and AI. Before we begin ..read more

The Author Irving Fisher is a revered mathematical economist and is considered by some to be "the greatest economist the United States has ever produced" (Schumpeter, 1997), despite his record of promoting harmful ideas (Fisher was known to be a proponent of eugenics, and endorsed racist ideas). Nevertheless, his books and reports in economics have been praised for their clarity and ease of understanding. Known in economics for his inveterate outlook, Fisher is credited with championing a range of reforms to the monetary system, including the compensated dollar, price level stability rule, 100 ..read more