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- Students Affected by the Virus
- Posted 4 years ago
What Impact Has the Coronavirus Had on Higher Education?
As the spread of the coronavirus continues across the world, many questions remain unanswered, not least what is going to happen to those thousands of students whose universities have also been affected by the pandemic. Schools, offices, museums, restaurants and bars are being closed across the world, and curfews are in place in particularly affected countries.
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- A Warming Earth
- Posted 4 years ago
The Case to End Fossil Fuel Subsidies
The continued existence of fossil fuel subsidies in a time of their almost universal condemnation reveals something about the governments that rule us, something pernicious, but also something all-too-predictable. Like no other area, they expose a gulf between rhetoric and action, a disconnect so stark that, if the risks it posed were less catastrophic, would almost be comical. Back in reality, though, the cognitive dissonance, cynicism, or whatever its cause, serves only to warm our planet and threaten all life.
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- The new economics definitions
- Posted 4 years ago
INOMICS unveils its A-Z of economics terms
Here at INOMICS, we’ve always been dedicated to trying to help you, the economist (fledgling or otherwise) get the most out of your education and career. Whether that be offering you the best new courses and conferences, nudging you towards the perfect university degree, or helping you apply to jobs once you’re done studying, we’re there to give advice and present opportunities you may not have otherwise found.
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- Rankings
- Posted 4 years ago
Top Economics Think Tanks and Research Institutes in the US
Think tanks are important institutions in the modern world. As the world becomes more globalised, think tanks which can undertake research and advocacy work at a transnational level become essential players in the global scene. Seeing as economics doesn't happen in a vacuum - each country's economic situation affects the political situation of every other country - they are also crucial to the profession (or at least, line of academic study) of most of the readers of this website. But which ones are the ones you should be following? Which think tanks conduct the most groundbreaking, critical economic research? And which one would be the best one to work for, if you ever had the chance to get your feet in the doors of such prestigious institutions? We've taken a look at the best ones in the United States, so you don't have to do the legwork yourself.
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- Scholarships
- Posted 4 years ago
How to Apply for a Master’s Scholarship
Everyone wants to be admitted to a top university in their favorite location. Potential reputation among employers, high quality of education and the potential boost that they can represent for a professional career make top universities the first priority of thousands of students around the world. One factor makes the decision tough, however: the potential cost it can represent for the student budget. For this reason, it is always good to look into scholarships, whether from the university itself or from a foundation.
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- New Metrics Needed
- Posted 4 years ago
Is it time to bin GDP?
Gross Domestic Product, or GDP, is the market value of all goods and services that a country produces in a given year, adjusted - to make it comparable to previous years - for inflation. In many ways, though, it's transcended this rather prosaic definition. It's become the barometer of a country’s progress, an indicator of a land’s prosperity, and the ultimate yardstick for assessing living standards. When growing (at expected rates), politicians refer to it as proof of the success of their policies. And when rates are not met, or, god forbid, GDP growth slows, it’s weaponised by those for whom it’s politically expedient. It has the power to both elect governments and bring them crashing down. In the theatre of politics, rarely is it anywhere but centre stage.
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- Gender Inequality
- Posted 4 years ago
Government intervention helps women. We need more of it
The jostling between market and state, and the territory that each occupies, lies at the heart of political discourse. It's the major fault line around which political parties form and debates rage. Despite their uneasy relationship, between them they generally make available all that we need, be it food, a home, healthcare, employment, or education, at varying - and often questionable - quality and cost. The demarcation between the two, rarely ever static, differs widely across states, and speaks to the values of the society in question. What, for instance, can be said of a country whose privatised higher education is financially off limits to its poorer citizens? Is it right to leave the market responsible for people’s health? And what of the provision of childcare?
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- Blog Post
- Posted 4 years ago
Engineering Games - The 12 Best Games for Engineers
With the advancement of software and gaming technologies, there are plenty of options available to satisfy engineers’ different tastes. The games on this list range from building games to collaboration and management games. Today’s game developers have created entire worlds on the computer screen. With a simple click, players can jump into these imaginary worlds for many hours of gaming fun. If you’re looking to unwind after a long day at work or school, here is a list of the 12 best games for engineers.
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- Career Advice Article
- Posted 4 years ago
Dress Code for Economic Conferences: What to Wear and What to Avoid
While you may be used to the daily routine of graduate school or teaching, presenting at a conference, or even just attending one, can be a whole different activity. The preparatory checklist is long enough as it is, without having the added conundrum of worrying about your appearance. If you’re in business school, perhaps you’re used to ironing your button-down shirt and slacks every day, but most academics cringe when they hear the term 'business casual'. But fear not. We, the gracious folks at INOMCS, are here to help.
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- Comment
- Posted 4 years ago
The US Economy is Failing Young People
The US economy is improving, so we are told. With the financial crash receding into the distance, almost out of sight, things are looking up, the future is finally brightening. Unemployment reached a 50-year low in 2019, falling to 3.5%, while US employers have added almost 5 million jobs in just two years. These are ‘the best economic numbers our country has ever experienced’, the President declared at Davos, with characteristic humility. And bombast aside, his sentiment is not without foundation, the US economy is posting some good numbers. In addition to jobs, GDP has been growing at close to 3 percent annually, and the Dow Jones has increased by 49% is the last 3 years - all of which is great election fodder for the coming campaign. Democrats should be wary.
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- Study Advice Article
- Posted 4 years ago
Extracurricular activities to help your economics career while at university
Attending university is a ton of fun, but it also prepares you for the next stage in your career. Even your hobbies can be advantages in your career development if you pursue them at a high level. Everything you do at university can be added to your CV in order to help you get a job in the future, and universities are great places to take part in extracurricular activities. And remember, not only will these help you practically after you've finished your degree and are moving on to working or further education, but they'll also make your stay at university more enjoyable, enabling you to meet friends, develop intellectually and stay fit. Although lots of these will help you whatever career you decide to pursue, some may be a little more useful specifically for a career in economics.
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- Career Advice Article
- Posted 4 years ago
The Top Jobs in Environmental Economics
If you're a current economics student and you've chosen to specialise in environmental economics, then the good news is that there are a ton of job opportunities in this field. With the growing awareness of environmental issues and concern for sustainability, you can find work in all sorts of areas. But what are some of the specific jobs that you could do as an environmental economist? Today we're looking at possible career paths to give you some ideas about the kind of work which you might like to do once you graduate.
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- Career Advice Article
- Posted 4 years ago
Can You Work As An Engineer And Travel Full Time?
Remote work can save you $7000 a year because of not having to spend so much on commuting, food, clothing and childcare. Many 'location independent' workers decide to spend this saved money on travel, since they are able to work from anywhere and have always wanted to see more of the world. Does this sound like your dream job? The problem is that not all jobs can be done remotely. Luckily for you, however, engineering work absolutely can. Demand for trained engineers is increasing, and companies know they can cut costs and increase output and employee retention by offering remote work. You just have to know how to find it.
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- Blog Post
- Posted 4 years ago
A Guide to Dating in Academia
Dating in academia is riddled with potholes, the most immediate of which is do not stray far from your academic discipline. Curious indeed considering that the academic world is meant to be populated by an abundance of young and energetic minds from a variety of different cultures, races and ethnicities, all of whom are hungry for new information and experiences. One would think that such an environment would provide the perfect dating terrain, right? Wrong!
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- Job Recruitment Trends
- Posted 4 years ago
Top Recruiting Trends You Need to Know in 2020
With a fresh year fast approaching, you might be thinking about recruiting new members of staff - forward-thinking talent that will drive your institution forward and take its offerings to the next level.
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- Recruitment Trends
- Posted 4 years ago
Your Guide to Student Recruitment Tools & Trends in 2020
With a fresh year in full swing, it’s time to start thinking about fresh blood, or in other words: attracting new, prosperous students to your institution. You know that you’re worthy; you know that you have something unique to offer, and you know that you have the faculty, as well as the facilities, to provide an exciting, inspirational academic experience.
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- Study Advice Article, Career Advice Article
- Posted 4 years ago
The soft skills you need to succeed
Everyone knows about the hard skills you need to be able to succeed in economics or in academia in general: excellent writing and proofreading skills, the ability to extract information from what are often dense scientific texts, and being able to evaluate and analyse data effectively, among other things. But they aren’t the only skills you need to have. There are, of course, the dreaded soft skills – a slippery term that can mean anything from being able to clearly communicate your ideas to another human being to more abstract concepts like emotional intelligence. But what are the most important soft skills to have, and how can you develop the ones that need some more work?
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- Blog Post
- Posted 4 years ago
The Economist's Decline
The reputation gained by economists has been a remarkable feat of PR; a branding job like no other. Quite how it developed remains a mystery, some inexplicable sleight-of-hand. Its consequence, however, is far easier to discern: in the minds of many, economics came to be thought of as a science. Removed from its rough prediction roots, it became a discipline of watertight theory, with a methodology capable of unearthing indisputable truths.
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- Blog Post
- Posted 4 years ago
The Challenges of Microfinance
Since its inception in the 1970s, microfinance has become the darling of development organisations the world over - the idea with the potential to save the planet’s poor. Pioneered by Bangladeshi social entrepreneur and Nobel Peace Prize Winner Muhammad Yunus, it provides the financially marginalized with banking services that, given their impoverishment, would otherwise be out of reach. Such provision, its proponents claim, empowers the poor to take control of their own lives and plot their own path out of poverty - an antidote that is humane, retains the dignity of it recipients, and is lucrative. Aside from bank accounts and insurance, it is mostly implemented in the form of microloans.
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- Career Advice Article
- Posted 4 years ago
Top jobs in international economics
If you're an economist and you're thinking about working in the field of international economics, you might be wondering what kind of career options are open to you. Here are a few suggestions for jobs which you could do.
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- Blog Post
- Posted 4 years ago
The Economic Benefits of Renewable Energy
In 2018, United States President Donald Trump said his administration was putting more coal miners back into work, having previously rattled on about how important coal jobs were to the future of the US. Perhaps it should be no surprise that his words were empty. The Trump administration has added a negligible 2,000 coal mining jobs since it took control, and whatever bump in coal production 2018 saw was quick to fade away. Obviously, Trump’s pledge to keep the industry alive was a political stunt, not a decision based on the economic realities of the moment; for if it had been, Trump wouldn’t have been talking about coal, but about renewable energy.
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- Blog Post
- Posted 4 years ago
What is the Green New Deal?
Although recently popularised in America, the Green New Deal (GND) was actually born during the early days of the 2007/8 financial crisis, in a small flat in London. The owner of the flat was analyst and foreseer of the crisis, Ann Pettifor; the occasion was a get-together of environmentalists and economists who had convened to draft a plan they hoped would both ‘transform the economy and protect the ecosystem’. Unfortunately for the London attendees, the prevailing political currents post crash proved especially hostile toward their idea, and prioritised, instead, principles of fiscal discipline and austerity, while largely sidelining issues of climate. And as long as such consensus reigned, the nascent GND was forced to lie dormant, far from political discourse.
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- Blog Post
- Posted 4 years ago
Russia's Economic Crisis
In the early hours of the 21st of August 1991, a putsch in the Soviet Union against Mikhail Gorbachev failed, leaving three men dead and the country in a state of shock. The coup had been staged by members of the Soviet government who had taken issue with Gorbachev’s liberalising, democratising reforms, which he had been slowly putting into place over the previous few years. Those who had planned the attack then fled, and were all taken into custody within three days.
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- Career Advice Article
- Posted 4 years ago
The Job Boom in Northern Cities
Brexit may have created a great deal of anxiety and business uncertainty, yet the UK is enjoying a golden period of employment. With more people in jobs and less out of work jobseekers, the UK is experiencing record employment levels not seen for decades. Some of this achievement is down to a job boom in the north of England and in the two biggest Scottish cities.
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- Are They Really Worth It?
- Posted 4 years ago
Executive Compensation in the US
Rising year on year, seemingly irrespective of company performance, US executive pay is eye-watering. For decades now, its increase - the small blip following the financial crisis aside - has been rapid. As their wallets have bulged, however, CEOs’ standing in the public eye, has fallen precipitously - plotted on a graph the relationship between the two would make a big X. And this is a significant shift. It wasn't long ago that the American entrepreneur was heralded as an almost mythical figure: the embodiment of all that was good about the country; the opportunity it afforded; the work ethic it rewarded; the fact that with the right attitude anything was possible. They were the American Dream in action; evidence that it could be made real.
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