Which field should be focused if I want to go to graduate school for economics

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Discussion Overview

The discussion centers around the academic preparation needed for pursuing graduate studies in economics, particularly for an undergraduate student majoring in electrical engineering and minoring in economics. Participants explore the relevance of coursework and research experience in economics versus engineering for graduate admissions in the UK and USA.

Discussion Character

  • Debate/contested
  • Technical explanation
  • Conceptual clarification

Main Points Raised

  • One participant suggests focusing more on economics coursework to strengthen graduate school applications.
  • Another participant questions the rationale behind not majoring in economics if the goal is to study it at the graduate level, noting the importance of math experience.
  • A participant emphasizes that while the major may not matter, the specific courses taken are crucial, recommending calculus, linear algebra, probability theory, and statistics for economics graduate programs.
  • For PhD programs, additional advanced courses like topology and real analysis are suggested for those aiming for top-tier institutions, though they are not strictly required.
  • Research experience in economics is highlighted as important, particularly for competitive programs, with a warning that lacking firsthand research could negatively impact chances at top schools.
  • Another participant points out that electrical engineering majors typically cover essential math courses but may not require advanced topics like real analysis or topology.
  • A later reply questions whether taking advanced math courses is advisable for someone focused on graduate studies in economics, indicating that it may depend on the specific area of economics they wish to pursue.
  • One participant notes that while quantitative economics may benefit from advanced math, other areas of economics may not require such courses, suggesting that the decision should align with the individual's research interests.

Areas of Agreement / Disagreement

Participants express differing views on the necessity of majoring in economics versus engineering and the importance of specific math courses. There is no consensus on the optimal path for preparing for graduate studies in economics, with multiple competing perspectives presented.

Contextual Notes

Participants acknowledge varying requirements for different graduate programs and the potential impact of specific courses and research experiences on admissions decisions. The discussion reflects a range of assumptions about the relevance of engineering coursework to economics graduate studies.

dpa
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Hi all,

I am majoring in electrical engineering as an undergrad student and minoring in economics. I want to go to graduate school to study economics. During my undergrads shall I write papers/do research in economics or will that in engineering be fine too considering graduate admissions in UK/USA universities?

Thank you
dpa
 
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I'd say lean more towards economics if you want to go to graduate school in that subject.
 
Why wouldn't you major in economics if you want to study it in grad school?

I have no idea what the grad school prereqs are like, other than what my econ major friend told me when she was looking at grad schools. Apparently the schools she looked at suggested coming in with a lot of math experience, in some cases through linear algebra or even real analysis.
 
dpa said:
Hi all,

I am majoring in electrical engineering as an undergrad student and minoring in economics. I want to go to graduate school to study economics. During my undergrads shall I write papers/do research in economics or will that in engineering be fine too considering graduate admissions in UK/USA universities?

Thank you
dpa

It depends on a lot of things.

Firstly, they don't care what major you are but what courses you have taken is more important. I don't know how math heavy electrical engineering is, but for doing Economics Masters you should have Calculus I - III, Linear Algebra (proof-based), Probability Theory, Statistics (something more than an introductory course).

For PhD Economics, however, you would *need* some additional courses *depending on where you want to go*.

If you are aiming for top 10 then try to take courses like Topology, Real Analysis, Measure Theory - these courses are by no means required, but, they can help you great deal!

Most importantly, try to take graduate courses in Micro & Metrics and see if you can get your professors write good letters for you.

But, to answer your question, research experience in any area will be good, but, if you have a minor in economics and if you have not done any first hand research (thesis, term papers, research assistant works...) then that would definitely ruin your chances in the top places.
 
Thank you all.

I really appreciate your comments.
 
Electrical Engineering majors normally have Calculus 1, 2, 3, Linear Algebra and Differential Equations and Statistics For Engineers. Engineers don't have a need for Real Analysis or Topology.
 
Hi Windowmaker,

So do you suggest I take courses like Real Analysis and Topology in addition to my major if I want to go to graduate school to study economics?

Thank you.
 
If you want to study economics in graduate school, I think you should major in Economics. I've had 5 econ classes so far, and was an econ major until i switched to Engineering. Economics has a few different fields in it, if you want to go into Quantitative Economics, then yes those math classes are good. But if you plan to just research the effectiveness of certain fiscal and monetary policies, I personally don't see a point in Topology and Real Analysis. It really depends on what you want to do. If you can pass those classes with a good grade, I'd say go for it. They can only help you later on because you can have both options instead of just one of them.
 

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