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Wednesday, May 24, 2006



«Choose your economics courses from professors»...

...who teach at an Ivy League university or equivalent, because your chances of becoming a practicing economist, especially an academic one, with a degree from a less prestigious university are very much rather lower otherwise.

Whether your professors are passionate or care about teaching may matter as to you _learning_ economics, and that is far less important than the prestige of the university giving you the degree and the amount of math exams that you can pass.

Arthur Eckart

I took economics at MIT and the University of Colorado and saw no difference in quality. The methodology was equally difficult at a top school and at an average school. Also, the percentages of students who didn't complete grad econ degrees at both schools were roughly the same (which were very high). I'm not certain it would be harder to get into a top school than an average school for grad econ, because it's an obscure field, and prior classes and grades were most important for both schools. Grad econ prefers math majors over econ majors. Undergrad econ teaches a little about a lot, while grad econ teaches a lot about a little. I've never considered economists who didn't complete an undergraduate economics degree, along with their graduate economics degree, really economists. They're basically technocrats, who are competent to write orthodox econ papers. Math and econ more more complimentary in grad econ, although undergrad and grad econ create a more complete economist. Unlike statistics, where everything is known, there is much to discover in economics. All students should major in fields where they receive high grades, because that's an indicator they'll like that work and be good at it, and the money will follow.


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