Exploring Careers in Economics October 19, 2018 | Summary and Q&A

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October 19, 2018
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Federal Reserve
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Exploring Careers in Economics October 19, 2018

TL;DR

This transcript covers a presentation and panel discussion on careers in economics, including personal stories from economists and research assistants at the Federal Reserve. The speakers discuss the importance of diversity in the field, the role of economics in society, and advice for students interested in pursuing a career in economics.

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Key Insights

  • 🥺 Economics is a versatile field that can lead to careers in various industries, such as finance, policy-making, and research.
  • 🤔 Pursuing economics requires a combination of critical thinking skills, technical skills (such as data analysis and computer programming), and a passion for making a positive impact on society.
  • 💪 Students should seek out opportunities for research, internships, and mentorship to gain practical experience and develop a strong network in the field.

Transcript

Exploring Careers in Economics Transcript QUENTIN JOHNSON. Good morning, and welcome. On behalf of the Board of Governors of the Federal Reserve, my name is Quentin Johnson, and I want to thank you for joining us for Exploring Careers in Economics, both in-person and online. I'm joined here today by my colleague, with my colleague. STEVE RAMOS. I'm... Read More

Questions & Answers

Q: What inspired the speakers to pursue a career in economics?

The speakers were inspired by their personal experiences, such as growing up in immigrant families or witnessing economic disparities. They were motivated to address global poverty, social justice, and economic development.

Q: What challenges did the research assistants face in their studies and how did they overcome them?

The research assistants faced challenges such as a lack of resources and opportunities for undergraduate research in economics. They overcame these challenges by seeking out research opportunities with professors, participating in internships, taking relevant coursework, and seeking mentorship and guidance from professionals in the field.

Q: What advice would the speakers give to high school or college students interested in a career in economics?

The speakers advise students to find their passion and explore it through various avenues, such as internships, research, and involvement in student organizations. They also recommend building a skillset that can be applied to economics, such as data analysis, computer science, or knowledge of foreign languages. Additionally, they emphasize the importance of representation and diversity in the field and encourage students to pursue careers in economics despite any misconceptions or barriers they may face.

Summary & Key Takeaways

  • The presenters discuss their personal journeys into economics and the importance of diversity in the field.

  • The research assistants highlight the challenges they faced in pursuing a career in economics and the skills they gained from their education.

  • The speakers provide advice for high school and college students interested in economics, such as finding their passion, seeking exposure to different areas of economics, and building a skillset.

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