5 SKILLS That Economics Majors Can Develop NOW
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- Опубликовано: 5 июл 2024
- Are you an economics major who wants to develop some marketable skills? In this video I give you five projects to help you learn to code, how to use data, how to make a scatter plot, how to write clearly, and how to develop broader interests.
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#1: Scrape Websites (e.g. with Python)
#2: Use St Louis FRED Data
#3: Create a Scatter Plot (e.g. with Python or R)
#4: Summarize an Article
#5: Explore non-economic fields
FRED is absolutely incredible
Really out to use Step 4, aren't you?
@@thematsby6590 hahaha good one
I guess this is the best channel on youtube covering economics in that level.
I'm so happy to hear that. What kind of topics are you looking for?
That's true
agreed. i'm blessed
@@MarketPowerYT undergraduate level advice.
Can I became billionaire by study economics.?
About the 5th project:
I actually started my economics studies without caring too much about it. I was startled with history and I'd read history books every time I could (I didn't choose history as a career because in south america you can very hardly make a living out of it). Every since the middle of my career, when I started having a better understandment and increasing curiosity of my own career, I noticed what a different insight I could develop of the economical history and theory, because I already knew how said theories were contrasted with actual history. Unfortunately, it was also made very apparent that a lot of economist, even published and well-recognized authors, can shift historical discourse to their own fitting, and they allow the biases of our career to blind them from the complexity and richness of history, distorting it into something linear to take simple teaching out of.
I love the focus on writing, making things concise and understandable
Hey, Mark! 👋🏻 It’s 1:30AM and I think I found the best RUclips channel as an Econ student. Thanks for your content! (It’s pure gold)
I just stumbled on this channel. It's really loaded. The best i have seen in the field of economics.
Mark,
Thank you so much for the advices. I’ve always wondered how I could grow as an Ecom major in my junior thinking about master degrees. Now I know what to do on a daily basis. Great content !
I did a gap year and i wasn't sure what I wanted to study. All of your videos inspired me to study econonics af university. Thank you for all your advice and just being a general inspiration for economists!
you really help to all of us who are studying economics and want to develop some skills during the de major
You are the goat! I will be entering college as a freshman and thinking of trying the new joint program they have which is a BS in Econ and Data Science
Was on the search for skills that I can develop early on while transitioning into economics. Came here and found exactly what I was searching for, thanks!
Just found this channel and OMG you are doing great. Being an Econ major student I was desperately looking for the skills required other than the basic ones. Thankyou, this really helped. Also, Cheers to your passion and energy for Economics 🥂
I'm so happy you found the channel! Welcome to the Market Power community.
Just found this page and I love it. As an upcoming junior majoring in economics and international relations with a minor in poly sci it’s greatly appreciated !!
I'm glad you found it!
Thank you. As a lay person in the world of economics research, u have enlightened me a lot. And made economics less boring. 🎉
Great video, nice to see a video advocating for hard skills
This was great. Thank you!!🙌🏼
thank u for such precious information. i rlly appreciate you and hope you stay safe and happy.
As a Econ major I wish I found your channel in my first year.. going into my last but thankful to come across this channel
I'm in the first year of my economics honors degree and I'm looking forward to a way to get myself interested in the diversity and possibilities of the major. I got into college during the pandemic and lately, I'm finding it hard to find value in it. I feel it's somehow useless although I love economics. Any advice you'd give?
@@zayesha pick up a small poor town in your region and try to analyse why its poor and what needs to be done through economics. Many concepts and tools u won't know so start learning one by one. Gathering data will be difficult,though
Ur not alone brother
Thank you so much! This is super helpful!
Thanks for the advice!
You have given me hope as an Econ major!
Just found out your channel today! I want to study economics at college next year, and I want you to know that your videos are very inspirational for me. Thanks a lot!
I love hearing that. Thank you. It's people like you who I have in mind when I make these videos.
Same here
This is gold. Underrated video.
I am currently studying a double degree in economics and tourism. Your videos are fantastic and damn helpful! I thank you because your enthusiasm keeps reaffirming my interest and love in economics!
Thanks!
I love your channel. It's one of the few that actually provide useful information instead of bs lists for clicks and views.
Thank You
Thanks! What other topics should I cover?
@@MarketPowerYT please make a video on how to write an excellent paper in economics . Basically research methodology for Economics for undergraduate students.
@@MarketPowerYT Would love if there is an updated list on the same topic!
It's funny. A few days ago I had no direction what so ever of any possible majors. And I come across a few of your videos(which are all extremely informative and helpful) which has seriously had me considering Econ as a major these past few days. I 'm looking into more but I really appreciate your vids!
Come to economics! It's not only fun, we have job opportunities.
this is gold! Thank you
Maaan! You are the youtuber that I was just looking for!!!!
Just Straight to the point, with specific actions!!!!
I AM SUSCRIBING THANK YOU... Cheers from Argentina :D
I'm glad we found each other!
Amazing video! Thank you so much!
Just found your channel and love it! Excited to do 1 as a way to brush up on my Python skills that were learned a few years ago when I was a computer science major. :)
I started as a CS major and switched to economics. But those CS skills were so valuable and still are today.
Do you have any specific resources to get started with site scraping? That looks like a really valuable skill!
Start with this video: ruclips.net/video/ng2o98k983k/видео.html
I cannot emphasize enough as to how much I absolutely love this channel. It's engaging, entertaining, and incredibly insightful. One request... will you consider creating a video or two about the economics of the emerging commercial space industry? I'm currently in an master's in applied economics program... wondering about your take on how I (new economist) could tangibly map out a space career. Also, what are your thoughts on space mining??? -Tony
This is definitely on my mind. Almost made one with the SpaceX launch this week. Right now I don't have the expertise in it, but I'd love to learn more.
you should make a whole video about scraping websites
This is gold! I just finished my masters in economics and have been trying to find out what marketable skills I have or how I can gain new ones. This video is just what I needed. Please cover value proposition to a company for young (never employed) economics majors? Thanks.
Can you clarify what you mean by value proposition?
E.g. when an employer asks why you'd be good for the job. Apart from Econometrics and writing I have no idea what tangible skills I possess that companies value. It's pretty obvious to everyone what skills an accountant or doctor possesses. However, outside of financial institutions the value of an economics degree is less obvious and I struggle to point out what skills I've accrued that could benefit a business in general. I think economics gives you a good base from which you can learn about other fields, but its quite a vague answer.
@@mlungisindlovu1718 That's really interesting. I'll have to think through that angle.
I am very GLAD that I found your channel ... Thank you a lots
I'm glad you found it too!
Great advice! Thanks for posting. You're a great example for a new(ish) college student in econ and finance, like myself.
I'm going to download python or r and start learning how to use it. Because it seems like a great toolkit to allow me to answer new questions and learn along the way.
Awesome. If you go for R, I recommend getting RStudio. It's R but packaged in a friendlier way.
@@MarketPowerYT Absolutely. I guess I should get both because you mentioned they were free. I'm just trying to figure out the differences, so I can figure out which to learn first.
Thanks
@@OldHickory1828 python is very big now i suggest you learn how to code with it regardless of what you do
Great stuff. Keep it up
The kind of content I'm looking for. Just wow❤
That forecast is really cool. How do you forecast something like that? Can you do that with python too?
this was so splendid content for economist student
These tips are actually banger
I love this channel. I want to study economics in college and this channel has helped quite a bit.
I'm so excited to hear that. Which topics could we cover to keep you in love?
Market Power areas of economic study and their applications to the real world.
@@equestriantexan3535 You're in the right place then!
I have no words for how useful this video is !!!
I'm glad it helped! Which other questions do you have?
My new favorite channel
You totally earned a sub and like. Love your energy.
Welcome to the community!
I'm in my last year now, currently researching for my bachelor thesis. And I was really happy that I already know 2 of the skills you mentioned - scatterplots and data analysis with R. And you're right about the last one! Definitely need to read more from other areas. Greetings from Germany!
Can you suggest where to start out on learning to scrape ?
Do you suggest any Econometrics courses to complete online or on RUclips, including the most appropriate textbooks and materials?
This is actually very useful
Do you advice on research papers as well?
Damn. Tho a video is GOLD. Thank you for all your advices and insights 🙏🏿. This is so valuable.
I'm glad you found this useful!
i think i cried after seening this ...... THANK YOU SOOOO MUCHHHHHHHHH
I'm exploring non ECON fields so much that sometimes I forget what my major is.
Jazz learning to code
It´s incredible how chatgpt is able to do everything you listed.
Thank you
Microsoft Power BI has a feature currently in testing for no or low-code web-scraping.
Interesting. I'll have to read more about it.
That’s so cool! I hope Tableau does something like that
OH MY GODD! Why on earth didn’t I come across your channel earlier!! This is just amazing!!!! I am also sooo interested in economics and going for my undergrads next year in Canada . Would you pls suggest what is the best university( practically coz most of the people suggest the quality of the university just by its rankings etc) is the best for economics in Canada? And is it better to go with economics and finance or economics and mathematics? Which do you suggest ? Pls help me out if you can .. confused here a bit bit my love for Econ would never fade away no matter what! Thanks for these awesome videos and please make more and more! Cheers!
I know UoT is amazing, and I have some friends who graduated from McGill, but other than that I don't know much about Canadian schools. Sorry!
Market Power thanks a lot.. hoping to join u of t most probably
So helpful!! New subscriber here. Just watched like 5 of your videos haha
So happy to have you here!
I wanted to study masters in economics in USA but most universities provide undergraduate or phd are there good universities with masters degree ? If yes then what is there academic requirement ? Love your videos ❤️❤️❤️❤️
Hello, do you know some specific course or set of videos where I could learn web scraping with python? I'm an absolute beginner and I'm not sure where to start. Thank you.
Hey, did you find any source..? do share as it'll be very helpful!
Hi! I have recently accomplished my MSc in Accounting & Finance. Now, I am interested to do Phd in Political Economy. So, Can I get admission in university for my phd program although I do not have educational background in politics and economy?
MORE OF THIS!!!! I need less fear but more confidence while moving towards this area of study😭🙂🙂
You've got this! What else can I do to move you forward?
Market Power Ok so I’ll be schooling in Canada and my school doesn’t have a co-op program for Economics but has a small pilot program in the sense that we are able to do projects for some companies and all. I have planned to do internships during my holidays, but is it possible that we students can improve our experience by building our own projects ( starting our own little marketing business ) and add that to our resume’s?
Don't study Economics is a scam! Go for engineering, agriculture, health and computer science courses.
Hi I like your channel, i love Economics and did Masters in 2013. I started my Phd program in Pakistan but left the country to Middle East.. i want to start my Phd Economics program and focusing on development Economics..... do you know any good university that can offer phd Economics program part time through distance learning and part time on campus?
Thankyou sir
If I study economics Do I need to have knowledge about programing?
I took an engineering class, it was more a python class than engineering class and I hated it. It was really hard.
I am looking different majors before changing my career, but if I have know programing for a major in economics, I don't want to study economics.
Web scraping can get you into a lot of legal trouble. Make sure all the web scraping you’re doing is legal. NEVER SCRAPE FACEBOOK
Love it
Cheers from Bangladesh 🇧🇩
in my undergradate program they taught us eviews and stata so now im stuck having to self-study python and R
I also learned Stata as an undergrad, and it's still the main program I use. But the license is expensive. So for people wanting to learn, I recommend Python and R because they're free.
The good thing is if you know Stata, learning the other ones are pretty easy. There are lots of guides like "R for Stata Users" and such.
Hey I actually wanted to know if it is better to do masters in economics or masters in international relations
I am currently pursuing bachelors in economics
It probably depends on the type of career you're aiming for. What are you trying to do?
How are you avoiding the endogeneity between political turmoil and FDI?
Using the American occupation of Haiti. It's a sudden shift from instability to stability. But I'm also not drawing a hard line on causality. More like, "This is close to exogenous, but not really, but it's probably the best we can do so let's see what happened."
I clicked on this like my life depended on it
Good stuff
Thank you kindly.
Sir which country are you from?
Is econometrics required class in economics major or it is elective ?!??
It depends on the program. But even if it's not required, you should take it. That was the most valuable class I took as an undergraduate.
Whats the best way to start coding?
Find a project you want to do then figure out what you need to know.
Have you done an AI update on this?
psychadelic camera thing going on at 1:00 lol
How difficult are the maths in economics?
It depends on the program, but usually they require at least calculus. Then it depends on how far you want to go. If you want to get a PhD, you're almost a math major. But calculus will cover most of your needs, and then usually programs will teach you the pieces of math you need (e.g. linear algebra).
Market Power thanks I was confused about the math in economics. Would you recommend the Khan Academy economics and Finance courses?
@@DiegoHernandez-ov8db Khan Academy has some pretty good courses in those areas.
scraping websites isn't it illegal ?? Probably you need to be really professional in order not to be blocked while scraping the websites , because most website will be alerted if you start doing this and you are not that expert in programming. Evn if you are still you'll be in trouble . No ???
Its funny. Of ALL the majors, Economics majors should be the least susceptible to the sunk cost fallacy so your last point was amusing. Economics majors shouldn't just think about working in Economics, they should be exploring new areas too.