Exploring Careers in Economics, April 7, 2021 | Summary and Q&A

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April 8, 2021
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Federal Reserve
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Exploring Careers in Economics, April 7, 2021

TL;DR

Learn about diverse career opportunities in economics and the importance of inclusion and diversity within the field.

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Key Insights

  • 🌍 The field of economics offers diverse career opportunities and the chance to apply economic principles to real-world problems.
  • 🤔 Skills such as math, computing, critical thinking, and effective communication are important for a career in economics.
  • ⌛ The COVID-19 pandemic has highlighted the importance of data analysis and real-time monitoring of economic indicators.

Transcript

Transcript of Exploring Careers in Economics Spring 2021 April 7, 2021 AKILA FORDE. All right. Good afternoon, everyone. And on behalf of the Board of Governors of the Federal Reserve System and the Sadie Collective, I want to thank you for joining us from across the country and wherever you may be located for today's Exploring Careers in Economics... Read More

Questions & Answers

Q: What kind of internships are available at the Federal Reserve?

The Federal Reserve offers summer internships in different divisions, including Research, IT, Consumer and Community Affairs, and Supervision and Regulation. These internships provide opportunities to work on real projects, network, and gain valuable experience.

Q: What skills are important for a career in economics?

Skills such as math, computing, critical thinking, analytical thinking, and effective communication are important for a career in economics. It's also important to stay informed about current events and apply economic principles to understand real-world situations.

Q: How has the COVID-19 pandemic impacted the work of economists?

Economists have been studying the economic effects of the pandemic, including changes in consumer spending, housing trends, and the impact on different demographic groups. The pandemic has also highlighted the importance of data analysis and the need for real-time monitoring of economic indicators.

Q: What career opportunities are available for economics majors?

There are various career opportunities for economics majors, including research assistants, economists, financial analysts, policy analysts, and data analysts. These roles can be in government institutions, research organizations, financial institutions, and consulting firms.

Summary & Key Takeaways

  • The event aimed to introduce participants to various career opportunities within the Federal Reserve System and promote diversity and inclusion in the field of economics.

  • Representatives from different divisions, including Research, IT, Consumer and Community Affairs, and Supervision and Regulation, shared insights into their work related to the COVID-19 pandemic.

  • Key advice for aspiring economists included being passionate about math and computing, applying economic principles to real-world situations, and staying informed by reading news through an economic lens.

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