Friday, February 26, 2021

Bureau of Labor Statistics has some cool jobs for you!

 Check this out:

https://www.bls.gov/ooh/business-and-financial/cost-estimators.html

Summary for a Cost-Estimator:



Cost estimators prepare estimates for the time, money, materials, and labor required to manufacture a product.
Quick Facts: Cost Estimators
2019 Median Pay$65,250 per year
$31.37 per hour
Typical Entry-Level EducationBachelor's degree
Work Experience in a Related OccupationNone
On-the-job TrainingModerate-term on-the-job training
Number of Jobs, 2019214,200
Job Outlook, 2019-29-1% (Decline)
Employment Change, 2019-29-3,200

Wednesday, February 10, 2021

The American Economics Association(AEA)

 Almost all professionals unionise

--they bandy together and try to set industry standards, and share best practices. 

The American Economics Association (AEA) is exactly what it sounds like (and no it is not a union but it is certainly one stop-shop for all things Economics related. Who is doing what work, how can we learn from these, how can we arrange meet-ups for these, Economics related jobs and internships, fellowships and scholarships.....and so much more!)

As the AEA describes: 'Once composed primarily of college and university professors in economics, the American Economic Association (AEA) now attracts 20,000+ members from academe, business, government, and consulting groups within diverse disciplines from multi-cultural backgrounds. All are professionals or graduate-level students dedicated to economics research and teaching.'

So, as an Economics student/faculty/trainee if you want to explore....go ahead!

https://www.aeaweb.org/



Tuesday, February 9, 2021

Let's Talk LOL!

Class,
So I am typically running low on the ever-evolving vocabulary generated in the often popular social media. Likewise, given my limited age-dependent consumption patterns, I often lack insight into lifestyle examples that might be popular. The most hep good I can think of, is pizza, and perhaps some soda to go with! (lol)

So, here I am asking your help:
Give me examples relevant to you, of:
a. Substitute Goods
b. Complement Goods
c. Normal Goods
d. Inferior Goods
e. Example of something that one of you could produce and actually sell? 
f. Your dream job?

Monday, February 8, 2021

ECONOMISTS don't always get the (macro)ECONOMY

Yes, they get it wrong sometimes (ok ..most of the times!): (As reported by the NY Times'David Leonhardt-2/8/21, Economists make mistakes, because they always try to err on the side of caution!) Yet, studying the economy is always an important task.

Thursday, February 4, 2021

Wednesday, February 3, 2021

Tell Me a Question you Want on your First Mid-Term

Students, in the tradition of democratic scholarship,

I would like to solicit your opinion on how your First Mid Term should look like:

So I am asking you to suggest a question (ideally in an MCQ format), which I can incorporate into the exam.

I will select 10 out of all your suggestions, and then put any 5 of them into the exam.

Looking forward to your suggestions!

you ask WHY STUDY ECONOMICS? answer is WHY NOT?

 ECONOMICS is a lot more than you money, accounting, stocks and prices.  Here is your key to seeing how the science of human behavior is fun...