Thursday, August 31, 2006

University Graduate Blues

It's not a good time to be a recent university graduate in the United States:

The source of this horrible looking graph is Economics Bound (via Economist's View).


Anonymous ted said...

Interesting, any reasons why is that the case? Is it a world wide trend too?

And do one have to learn Real analysis to be be considered a bono fide economist?

9:06 PM  
Blogger a singapore economist said...

The US economy is weaker in general now then it was a few years back. Unfortunately, I couldn't find equivalent data for Singapore.

A lot of economists (most?) do research that doesn't require real analysis. Some do, but they tend to do theoretical research.

If you are thinking about graduate school in economics, check out the section "Advice for Students" on Greg Mankiw's blog.

12:51 AM  
Anonymous ted said...

Haha, yeah thanks I read that bit that's why i put in the Real Analysis question.

Well, data for Singapore is always a little harder to find but I guess we can try looking at the Singapore Statistics (some department in MAS I think) for a hint. I think they released some figures earlier this year, I might have seen it in one of the postings in the few Singapore blogs.

10:31 AM  
Blogger a singapore economist said...

Let me just add that if you have the chance to take real analysis, go ahead and do it. As I'm sure you already know extra math will help with PhD course work, even if you don't end up using it in your research.

Have you checked out this site? It has some good resources for students.

11:56 AM  
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12:24 PM  

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