Exploring Careers in Economics, November 17, 2020 | Summary and Q&A

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November 18, 2020
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Federal Reserve
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Exploring Careers in Economics, November 17, 2020

TL;DR

This event discusses the importance of diversity and representation in economics careers at the Federal Reserve and provides insights into economic research and analysis.

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Key Insights

  • ❓ The Federal Reserve emphasizes the importance of diversity and representation in economics careers.
  • 💄 Economic data collection and analysis are essential for understanding the state of the economy and making informed policy decisions.
  • 🆘 Studying subgroups within the population helps to identify inequalities and develop strategies to address them.

Transcript

for today's exploring careers in economics my name is quinton johnson and i'm the board senior economics outreach specialist and i'm akina flores senior research assistant in the division of research and statistics some of you may have seen our previous exploring careers and economic events over the past two years and we're glad to have you back be... Read More

Questions & Answers

Q: How does the Federal Reserve monitor and collect economic data?

The Federal Reserve collects data from various sources, including public organizations like the Census Bureau and private institutions. They make this data accessible through platforms like the Federal Reserve Economic Data (FRED).

Q: What role does diversity play in addressing complex economic questions?

Diversity is crucial when dealing with complex economic questions as it brings new perspectives and ideas to the table, leading to creative solutions. It also helps in understanding and addressing inequalities.

Q: Is a Ph.D. necessary for a career in economics?

While a Ph.D. is not necessary for all careers in economics, it can be beneficial for those interested in research and analysis. However, there are various career paths in economics that do not require a Ph.D., such as data science, teaching, and policy analysis.

Summary & Key Takeaways

  • The event highlights the significance of diversity and representation in the field of economics, particularly at the Federal Reserve.

  • Panelists discuss the process of economic inquiry and analysis, including data collection, projections, and studying subgroups within the population.

  • Various resources and programs are provided for individuals interested in pursuing careers in economics or related fields.

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