Did you know that coding was a necessity and a significant part of the job? How about the importance of writing to "sell" your results? Ask me anything!
This is awesome, that's the kind of career I want to have. I am an undergraduate economics student and the main areas I think of working are: working for the government and public organizations (doing research, budget planning, etc), becoming a professor and becoming a researcher.
Thank you for popularizing this beautiful job for us, a very interesting video! I'm starting a Master's degree in Economics at UNIL next year. What book to have all the necessary notions in math and statistics could you recommend? Thank you again!
Wonderful!! I love wooldridge s book, or above that mostly harmless econometrics (but less math). But, to really seven actively prepare, I would go on the page of the classes of math and metrics and buy the book ( or dll in pdf). Write me on linkedin if you have any question! All the best
Thanks for the video, very insightful. I wonder if, sometime in the future, you could make a short video detailing some of your reading techniques for when you a) have enough time to carefully go through a paper and understand it deeply and b) for when you are quite short on time or have to read several papers.
Hello Dr. Gallea, you might want to replace the (.) with (:) in the description ... so that the timestamp chapter gets activated. That being said, this video was insightful. Thanks for uploading.
Good work! Thank you for your previous interview videos to PhD students, it helped a lot in my career plan. I am admitted to UZH for a master's degree in economics. Is there any possibility that you will teacher master's classes? Looking forward to meeting you on the other side!
Hey Quentin! Lovely video. Could you cover the depth of STATA knowledge is required to excel as an economic researcher? Maybe if possible you could show a sample do-file from any past paper/research you did. As an aspiring researcher, I want to solidify my knowledge from the ground up, which I think starts with the initial data cleaning.
Well, I can send you one ofc. contact me on linkedIn and we'll have a chat. data cleaning is the first step and I'm still doing that a significant amout of time. But then, you find cool way of doing that faster with fuzzy merging for example, simple loops and tricks. The most important thing is to get better in econometrics, then you just google "how to" and find out. But with the years you also expand your toolbox. I would say, there are three main axis you can learn. 1. Tools: I'm using now tons of spatial tool (geonear, geoinpoly, geodist), or network stuff (nwcommands), also string similarity (matchit), spmap for cool maps or the very cool heatplot and hexplot etc. 2. Regressions: I'm a big fan of reghdfe, it's super efficient and doing tons of stuff (IV, FE, etc.). But you can learn tons of other models: logit, probit, zero inflated negative binomial, two stage heckman, hazard model, etc. 3. Better and more efficient coding: Then you also learn tricks to go faster (cool loops and tricks), and automate more things. My tables are now completely created in stata and exported in Latex with anotations, with rows for fixed effects, sample size, mean value of the outcome etc. I've also a super cool line of code at the begining of the dofile which detect on which computer I have so I don't have to change the path (and for my co-author as well, BOOM). Well, I love STATA, I could go on :)
Thank you so much for the detailed reply. Since I still feel I am a beginner with STATA, a lot of the things you said seem foreign to me. I will definitely reach out to you to know and learn more. Thank you so much again! Keep up the great work. I love the flow of your videos. Super clean.
@@zaeemalehsaan559 Ah sorry, didn't know your knowledge. FE=fixed effects, IV=Instrumental variable, logit/probit are models with 0/1 variable as the outcome, hazard model are also called survival models (cox model) and help to predict what "kills" somthing faster (could be humans but also what put an end to poverty or conflict), Two stage heckman models are useful when you have first a stage of selection (some people in some out) and then a stage with people in and you want to evalute the intensive margins (for example if you want to evalute the wage gap between blacks and non blacks in the US, you can't just compare the wage of those working because many will not even be able to work, so you would suffer from sample bias and to correct this you use a heckman model), zero inflated negative binomial is a model when the outcome has a large mass of zero and then it's a discrete variable (for example number of children or number of houses).
@@the_causal_mindset I find really interesting the item 3. I am used to work with paths in a more generic way, something like: global path "c:\user\file location" and then I'm able to go back and forth through the code by just simply invoking $path. Now I'm curious about this code you developed to detect the computer and/or the path. Would you explain a little bit more about it?
ReMarkable 2.0 amazing product!! Saved my eyes! I love writting notes and this reduced a ton the small papers I had everywhere (losing them sometimes as well). Other big plus is that you dont have a single notification on the tablet, you are fully focused! Last but not least, you can take notes and send by email to anyone. Love it !
It s my passion. And it s a bit like being an entrepreneur, you want to create projects, to launch the babies on the market etc. Love the job :). But luckily, I have plenty of time with my loved ones
Dr. Gallea, I am a 3rd year undergraduate economics student, and I’m not sure if I want to pursue a Masters in applied Economics, or go for the PhD. Do you have any insight? I’m from the United States and I am more interested in working for the government as an economist/analyst rather than working in academia. Do you think a Masters would be more beneficial than a PhD? I love your content! Keep it up!
Please, call me Quentin. Awesome project! Well, you ll learn so much along the way. If you are not sure, go for the master, you ll learn a ton and see if you want to keep going for PhD. In many top position you ll need a phd now. Check my discussion with a phd candidate who worked in the UN and WB, we talked about the usefulness of a PhD: ua-cam.com/video/57l0XM4jfI0/v-deo.html Cheers!!
Like everyone, coding is 90% debugging! I ve been coding since I was 10 years. I started with C++, then html/javascript/sql/php, and now for research R/STATA/Python. How muxh is needed? Hard to say. It depends. Everyone has a different set of skills. I like programming and hence I do that a looot. Maybe 50% of the time on average. Coding is necessary today and even central in most technical jobs. And obviously in research. But many learned a lot during the phd and had only basic knowledge before. Hope this helps! Cheers!
Thank you for your questions. Mostly STATA to do statistics (econometrics). But R is open source and very useful as well while STATA is very expensive. Python is versatile, widely used and would be useful for many different type of jobs. All the best for your career! You can connect with me on LinkedIn if you have further questions. Cheers
Hey this was a great video. Im studying a Bachelor in Computer Science Engineering, but now i would like to work in the Economics and maybe Finance field. Would it be advisable for me to start over with my studies or could i transition into economics with som extra classes?
I know a few people who transitioned and got a strong profile due to their knowledge in CS! We are using more and more GIS, coding, scraping, R, Python in econ. As this is growing, the more senior night have little knowledge on those. Hence you have something valuable to offer. It would be a bit brave from my position to say if you can or can't. But sure it a feasible, and it might even be a strength. Depending on your current knowledge, and the master you want to apply to, you might be able to go for a master in finance or econ directly. There are other mixed masters for example one where I teach at EPFL: SMT (master in sustainability management and technology)
Very interesting! Nope, sorry. Pr.Guido Palazzo from University of Lausanne, is a respected scholar working on the topic. You might get interesting things by following his linkedin or reading his works
Sir i am a erce student in grade 11th in india. I also want to become an economist. I like this subject very much. Can u please help me and tell me how to become an economist. I have nobody to guide me because nobody in my family is educated and also i am not getting a proper roadmap from internet. Plz tell🙏. I shall be very thankful to u.🙏
Hey! I m not sure what does it mean to be grade 11th. But basically, being an economist means that you have a degree in economy from a university, usually a master. So the first step is to reach a bachelor program in economy. And jointly with this first step the question is how far can you go? Will you stay in india, in your area or travel in another country?
@@the_causal_mindset sir actually i am shifting my stream from commerce to pcm(physics chemistry math) . 11th grade is a class in india it is also called +1 . My parents say that girls cannot be good economists and they are not allowing me to pursue this stream. Thats why now i am thinking to take up pcm. Thank u for taking ur precious time to help me.🙏🙏.
Esther duflo is a woman and she is nobel prize winner. One of the most amazing researcher I know (ekatarina zuravskaya) is a woman. This world, and in particular Economics needs more woman! Women are very clearly as capable as men. Look at the world leaders during the covid pandemics. The Trump, bolsonaro etc did terrible managing the situation while many examples of womend did incredibly well (new zealand, korea Etc.). (Not claiming that it s causal). That being said, if you starts with math and physics you ll learn incredibly useful stuff for the future. Even if you want to transition later to economics or finance. One last thing. Enjoy every second of what you are doing, have fun, dream big! I wish you the very the very best for the future. Feel free to write me on linkedin in the future.
@@the_causal_mindset Sir actually sometimes i feel very underconfident.i feel like i will never be able to excel in my carrer. I don't know if i shall say this or not but i feel very insecure about my carrer. A lot of times i have self doubt. Can u plz help me get out of it. I have nobody to talk. No friends, no support from parents . Sorry to bother u so much 🙏😭
![PhD in economics application tips [2021]](http://i.ytimg.com/vi/WNQDRr2jfpE/mqdefault.jpg)
![PhD in economics application tips [2021]](/img/tr.png)
Did you know that coding was a necessity and a significant part of the job? How about the importance of writing to "sell" your results? Ask me anything!
This is awesome, that's the kind of career I want to have. I am an undergraduate economics student and the main areas I think of working are: working for the government and public organizations (doing research, budget planning, etc), becoming a professor and becoming a researcher.
Exciting plan!! Keep me posted and ask me question pn linkedin by message if needed! All the best
Thank you so much, Dr. Gallea!
Thanks for watching and sharing the passion! Cheers
Thank you for popularizing this beautiful job for us, a very interesting video!
I'm starting a Master's degree in Economics at UNIL next year. What book to have all the necessary notions in math and statistics could you recommend?
Thank you again!
Wonderful!! I love wooldridge s book, or above that mostly harmless econometrics (but less math). But, to really seven actively prepare, I would go on the page of the classes of math and metrics and buy the book ( or dll in pdf). Write me on linkedin if you have any question! All the best
Thanks for the video, very insightful. I wonder if, sometime in the future, you could make a short video detailing some of your reading techniques for when you a) have enough time to carefully go through a paper and understand it deeply and b) for when you are quite short on time or have to read several papers.
Sure!! I ll think about it, or write you back here!! thanks for the question! What are you doing (studies/job)?
@@the_causal_mindset Great! I am in my final year of Econ BSc, will probably go on to do an MSc/MRes in September
Hello Dr. Gallea, you might want to replace the (.) with (:) in the description ... so that the timestamp chapter gets activated.
That being said, this video was insightful. Thanks for uploading.
Thanks a lot!!! Cheers!!
Guys, U both an expert in math ;) thanks for this sharing.....
Thanks for watching! Cheers from Switzerland
Great job my friend 😋 👏
Good work! Thank you for your previous interview videos to PhD students, it helped a lot in my career plan. I am admitted to UZH for a master's degree in economics. Is there any possibility that you will teacher master's classes? Looking forward to meeting you on the other side!
Thats womderful! Congrats! We ll grab a coffee when in Zurich! Write me on linkedin next semester. Cheers!
No teaching for the moment at UZH, I m focussed on research, but will come back more to teaching in the years to come.
Hi I did economics for my A/L and I loved it but I'm not sure to do econ for my BSC since it's quite heavy on statistics .. will you be able advice me
Hey Quentin! Lovely video. Could you cover the depth of STATA knowledge is required to excel as an economic researcher? Maybe if possible you could show a sample do-file from any past paper/research you did. As an aspiring researcher, I want to solidify my knowledge from the ground up, which I think starts with the initial data cleaning.
Well, I can send you one ofc. contact me on linkedIn and we'll have a chat. data cleaning is the first step and I'm still doing that a significant amout of time. But then, you find cool way of doing that faster with fuzzy merging for example, simple loops and tricks. The most important thing is to get better in econometrics, then you just google "how to" and find out. But with the years you also expand your toolbox.
I would say, there are three main axis you can learn.
1. Tools: I'm using now tons of spatial tool (geonear, geoinpoly, geodist), or network stuff (nwcommands), also string similarity (matchit), spmap for cool maps or the very cool heatplot and hexplot etc.
2. Regressions: I'm a big fan of reghdfe, it's super efficient and doing tons of stuff (IV, FE, etc.). But you can learn tons of other models: logit, probit, zero inflated negative binomial, two stage heckman, hazard model, etc.
3. Better and more efficient coding:
Then you also learn tricks to go faster (cool loops and tricks), and automate more things. My tables are now completely created in stata and exported in Latex with anotations, with rows for fixed effects, sample size, mean value of the outcome etc. I've also a super cool line of code at the begining of the dofile which detect on which computer I have so I don't have to change the path (and for my co-author as well, BOOM).
Well, I love STATA, I could go on :)
Thank you so much for the detailed reply. Since I still feel I am a beginner with STATA, a lot of the things you said seem foreign to me. I will definitely reach out to you to know and learn more. Thank you so much again! Keep up the great work. I love the flow of your videos. Super clean.
@@zaeemalehsaan559 Ah sorry, didn't know your knowledge. FE=fixed effects, IV=Instrumental variable, logit/probit are models with 0/1 variable as the outcome, hazard model are also called survival models (cox model) and help to predict what "kills" somthing faster (could be humans but also what put an end to poverty or conflict), Two stage heckman models are useful when you have first a stage of selection (some people in some out) and then a stage with people in and you want to evalute the intensive margins (for example if you want to evalute the wage gap between blacks and non blacks in the US, you can't just compare the wage of those working because many will not even be able to work, so you would suffer from sample bias and to correct this you use a heckman model), zero inflated negative binomial is a model when the outcome has a large mass of zero and then it's a discrete variable (for example number of children or number of houses).
@@the_causal_mindset I find really interesting the item 3. I am used to work with paths in a more generic way, something like:
global path "c:\user\file location"
and then I'm able to go back and forth through the code by just simply invoking $path.
Now I'm curious about this code you developed to detect the computer and/or the path. Would you explain a little bit more about it?
@@josecarlobermudez7684 A pretty sick trick I've learned at UZH
foreach path in "c:\user\file location" "d:\user2\file location"{
capture cd "`path'"
if _rc == 0 macro def path `path'
} /* foreach path */
Thanks for sharing this with us. And i like the last seconds of this video: the next generation is getting ready. Phil
Thanks a lot Philippe!! She will do what ever she likes, but for sure I ll share early my love and passion for math, programming and technologies!!
Hey from Denmark, what kind of "Ipad-looking" tablet are you using to read and take notes on? What is the name of that product?
ReMarkable 2.0 amazing product!! Saved my eyes! I love writting notes and this reduced a ton the small papers I had everywhere (losing them sometimes as well). Other big plus is that you dont have a single notification on the tablet, you are fully focused! Last but not least, you can take notes and send by email to anyone. Love it !
Cheers from Switzerland!!
@@the_causal_mindset Thank you for that thorough answer. I appreciate that very much!
You work a lot!
It s my passion. And it s a bit like being an entrepreneur, you want to create projects, to launch the babies on the market etc. Love the job :). But luckily, I have plenty of time with my loved ones
Dr. Gallea, I am a 3rd year undergraduate economics student, and I’m not sure if I want to pursue a Masters in applied Economics, or go for the PhD. Do you have any insight? I’m from the United States and I am more interested in working for the government as an economist/analyst rather than working in academia. Do you think a Masters would be more beneficial than a PhD? I love your content! Keep it up!
Please, call me Quentin.
Awesome project! Well, you ll learn so much along the way. If you are not sure, go for the master, you ll learn a ton and see if you want to keep going for PhD. In many top position you ll need a phd now. Check my discussion with a phd candidate who worked in the UN and WB, we talked about the usefulness of a PhD: ua-cam.com/video/57l0XM4jfI0/v-deo.html
Cheers!!
Thank you sir ☺😇😇
With great pleasure Rahul, all the best
How much programming knowledge is needed for this???? Do u also get stuck and end up all your day on stack exchange??
Like everyone, coding is 90% debugging! I ve been coding since I was 10 years. I started with C++, then html/javascript/sql/php, and now for research R/STATA/Python.
How muxh is needed? Hard to say. It depends. Everyone has a different set of skills. I like programming and hence I do that a looot. Maybe 50% of the time on average.
Coding is necessary today and even central in most technical jobs. And obviously in research. But many learned a lot during the phd and had only basic knowledge before.
Hope this helps! Cheers!
@@the_causal_mindset it helps a lot buddy, ur videos are really very helpful
Tons of new stuff soon! The channel is on hold for a few more weeks before unleashing the beast
Please tell if we need to learn coding to be a researcher in economics?
The one not coding might be the exception. So yes, you should learn coding :)
Okay.thank you so much sir
Sir , which programming language to start with? And which are you using?
Thank you for your questions.
Mostly STATA to do statistics (econometrics). But R is open source and very useful as well while STATA is very expensive. Python is versatile, widely used and would be useful for many different type of jobs.
All the best for your career! You can connect with me on LinkedIn if you have further questions. Cheers
Thank you sir. Your videos are helping me a lot. 🙂
Hey this was a great video. Im studying a Bachelor in Computer Science Engineering, but now i would like to work in the Economics and maybe Finance field. Would it be advisable for me to start over with my studies or could i transition into economics with som extra classes?
I know a few people who transitioned and got a strong profile due to their knowledge in CS! We are using more and more GIS, coding, scraping, R, Python in econ. As this is growing, the more senior night have little knowledge on those. Hence you have something valuable to offer. It would be a bit brave from my position to say if you can or can't. But sure it a feasible, and it might even be a strength. Depending on your current knowledge, and the master you want to apply to, you might be able to go for a master in finance or econ directly. There are other mixed masters for example one where I teach at EPFL: SMT (master in sustainability management and technology)
Good luck!
Hi sir
I am going to be doing masters in economics next year
I would like to do research in economy from Germany.
Can you give some tips for that??
Sounds great!
Hello! Congrats on your channel. Which coding language/software do you use??
Thanks!! Mostly STATA, a bit of R and occasionally Python. Doing research as well?
@@the_causal_mindset Not really, but hoping to do graduate studies in economics one day, as well. Thank you for answering the question!!
All the best!! Cheers
Very interesting :) I'm currently writing a paper about the effects of CSR contracting on tax avoidance. Do you have any experience with that topic?
Very interesting! Nope, sorry. Pr.Guido Palazzo from University of Lausanne, is a respected scholar working on the topic. You might get interesting things by following his linkedin or reading his works
Unbiased - Making numbers speak Thank you very much, I will have a look at his work.
What language do you code in?
R, STATA, a bit of python. You?
@@the_causal_mindset learning python because I think it’s good for economics and because it opens other possible career paths
@@johnlewis6526 It's more and more useful and a great asset indeed! Web scraping for example or in ArcGis (spatial tool). Great pick!!
Sir i am a erce student in grade 11th in india.
I also want to become an economist. I like this subject very much.
Can u please help me and tell me how to become an economist. I have nobody to guide me because nobody in my family is educated and also i am not getting a proper roadmap from internet.
Plz tell🙏.
I shall be very thankful to u.🙏
Hey! I m not sure what does it mean to be grade 11th. But basically, being an economist means that you have a degree in economy from a university, usually a master. So the first step is to reach a bachelor program in economy. And jointly with this first step the question is how far can you go? Will you stay in india, in your area or travel in another country?
@@the_causal_mindset sir actually i am shifting my stream from commerce to pcm(physics chemistry math) . 11th grade is a class in india it is also called +1 .
My parents say that girls cannot be good economists and they are not allowing me to pursue this stream.
Thats why now i am thinking to take up pcm. Thank u for taking ur precious time to help me.🙏🙏.
Esther duflo is a woman and she is nobel prize winner. One of the most amazing researcher I know (ekatarina zuravskaya) is a woman. This world, and in particular Economics needs more woman!
Women are very clearly as capable as men. Look at the world leaders during the covid pandemics. The Trump, bolsonaro etc did terrible managing the situation while many examples of womend did incredibly well (new zealand, korea Etc.). (Not claiming that it s causal).
That being said, if you starts with math and physics you ll learn incredibly useful stuff for the future. Even if you want to transition later to economics or finance.
One last thing. Enjoy every second of what you are doing, have fun, dream big! I wish you the very the very best for the future. Feel free to write me on linkedin in the future.
@@the_causal_mindset thank u sir for motivating me.
❤️
@@the_causal_mindset
Sir actually sometimes i feel very underconfident.i feel like i will never be able to excel in my carrer.
I don't know if i shall say this or not but i feel very insecure about my carrer. A lot of times i have self doubt. Can u plz help me get out of it.
I have nobody to talk.
No friends, no support from parents .
Sorry to bother u so much 🙏😭