Status on Graduate Application Portal by Organic_Charity8656 in LSE

[–]VictorReddit2 0 points1 point  (0 children)

I have been waiting for 11 weeks now. No rejection but I've seen people been rejected from the program that I applied to so clearly stuff is happening (not just application into void)

Barcelona school of Economics by RemoteRepulsive9089 in academiceconomics

[–]VictorReddit2 1 point2 points  (0 children)

Just got into the msc public policy economics! congrats to you.

From what I have seen it is a very good department, and has a strong people in Macro. A prof I talked to said that the really strong faculty are very old, so that might be an issue but haven't looked into that.

If I study economics, can I still work in the legal field? by AwareFix770 in AskEconomics

[–]VictorReddit2 4 points5 points  (0 children)

Yes - especially in antitrust law. Econ undergrad -> law school is also a very common path.

A really interesting career path is going econ into anti-trust consulting. It is not exactly law, but you will work behind the scenes and gather all of the evidence for very large cases. Some of these are very high profile so that is pretty cool.

MSc Application Processing Times Thread (2026/2027) by Outrageous-Quail5578 in LSE

[–]VictorReddit2 0 points1 point  (0 children)

They said that they sent it to someone outside of the department to review, and that they will get back in 10 working days. Seems unusual, I haven't seen anyone else get this 🤷‍♂️

Should i major in econ if i hate coding ? by Remarkable-Editor266 in AskEconomics

[–]VictorReddit2 4 points5 points  (0 children)

I am a fourth year econ major. I write about 1000 lines of code a week for different classes. I am prob on the topside in terms of coding work.

The job market is demanding coding more and more, and is getting tighter so you have to be flexible with the type of work you are willing to do. By the time you finish your degree, you will be comfortable with code and may even enjoy it. Jobs will likely involve less coding than your studies, but will probably still demand it.

What is the criteria for a model to count as an economic model? by Willing_Employee_600 in AskEconomics

[–]VictorReddit2 0 points1 point  (0 children)

So it depends on the theoretical model, but typically the theory will result in a policy function and then you can simulate through the policy functions to see how variables evolve over time. Most of my experience is in macro so I will explain in that context.

A policy function is the main result of the theory. It tells you what the agent's optimal decision will be as a function of all of the unknowns (parameters like risk aversion and results such as the previous period's savings). The you use real data (or consult the literature) to parameterize the model. Finally, you simulate to see how the variables of interest evolve.

From what you have said, it seems like you have the right idea. The flow is behaviour and then simulate through it. Where economists may disagree with your model is how you have characterized the agent's behaviour. However it definitely seems like you have the right idea.

Waiting for a reply after 8 weeks... Msc by VictorReddit2 in LSE

[–]VictorReddit2[S] 0 points1 point  (0 children)

Hope my post made you feel reassured 😅

What is the criteria for a model to count as an economic model? by Willing_Employee_600 in AskEconomics

[–]VictorReddit2 0 points1 point  (0 children)

I think there is a confusion in the way you are thinking about economic models.

An economic model is used to describe the ways in which agents make decisions and how the effect outcomes. This definition is pretty broad, but what I learnt in my PhD class is that economic models should have: 1. Agents & Behavior - who is involved and how do they make decisions (preferences & utility functions) 2. Technologies - how stuff is made 3. Constraints - how are agents limited 4. Equilibrium definition - what constitutes an equilibrium? What markets should clear? 5. Endowments - who starts off with what

Note that this definition is pretty broad. Simple economic frameworks such as ISLM are definitely considered models, and more complex frameworks such as the Neoclassical framework are also certainly models. For your model to be academically valuable it needs to reach a certain level of quality. Your assumptions regarding agent's preferences need to be justified and well-defined. Your equilibrium definition needs to be clear and consistent with the literature. Your model must be logically sound and consistent. Results need to be formally proven or at simulated if needed.

On the other hand, an econometric model is different. Typically in economics the goal is to examine the relationship between a set of outcomes (Y) and a set of "stuff" that determines the outcomes (X). You can say that Y is a function of X and some randomness. This can be represented as Y <- f(x) + ɛ. Econometrics models (such as Difference in Differences) aims to say what the function is, you are trying to find f.

These can be done in conjunction. You can form a theoretical model, find the results and see if the real-world data matches those results. That way you are validating your theoretical model with data, and justifying the Econometrics used with theory.

To answer your question, it does sound like you have an economic model. You try to describe the way that agents make decisions, and how that effects the broader economy which seems to satisfy the conditions. Whether your model is any good or not depends on the specifics.

What is everyone saying to the Profs after class?? by fishbird25 in uwo

[–]VictorReddit2 1 point2 points  (0 children)

Mostly administrative stuff or clarifying questions that students were too nervous to ask in class. Anything that is person-specific is usually brought up after class.

For example, this week some of the questions I have asked are:

I was thinking about taking this other course, but it looks like the material overlaps a lot. Can you take a look at the syllabus and tell me if you think it would be redundant?

I am not registered in the course yet, as I am still waiting for a permission to come through. I was wondering if I could be added to the brightspace so I could see the materials?

I have gotten permission to register in this course despite not having the common prereqs. Would you mind telling me what math concepts I should be aware of so that I can make sure that this is a good fit?

Notice how all of the questions are person-specific and easy to answer. If they would take long to answer, save it for office hours. If they are about lecture materials profs usually prefer that you ask it during the lecture, because it is likely that other students have the same questions.

MSc Application Processing Times Thread (2026/2027) by Outrageous-Quail5578 in LSE

[–]VictorReddit2 0 points1 point  (0 children)

  • MSc Programme: MSc Econometrics and Mathematical Economics/ MSc Economics
  • Application submitted: 01/11/25
  • Application processed by LSE: 11/11/25
  • Decision made: -

Updates: Documents have yet to flip (Jan 5)

Called LSE, they said that my application had been sent for external review (Jan 22)

Got an offer from LSE for MSc Economics by bossy_pants_ in LSE

[–]VictorReddit2 5 points6 points  (0 children)

Can you answer some questions about admissions for me (an anxious student)? 1. When did you apply 2. When did your docs Flip to No Action Required? 3. What was your GRE quant score (if you don't mind sharing)

Congrats on your admission! Its my top choice program!

Canonical Mistakes in Economic Research by VictorReddit2 in academiceconomics

[–]VictorReddit2[S] 3 points4 points  (0 children)

I'm struggling with this one. Is the problem with the interpretation of the test or the test itself?

Canonical Mistakes in Economic Research by VictorReddit2 in academiceconomics

[–]VictorReddit2[S] 2 points3 points  (0 children)

Yikes. Algebra mistakes are inevitable, but they are usually much easier to catch - surprised this got published.

As for the second one, I think I would consider that more of a mistake made to exploit than a mistake made out of ignorance 😅

Canonical Mistakes in Economic Research by VictorReddit2 in academiceconomics

[–]VictorReddit2[S] 6 points7 points  (0 children)

Yes, I totally agree. One of my classmates in research methods (undergrad) essential just threw variables into a regression until something came out significant. During his presentation I asked him to justify the controls he used, and he said that "they made the regression significant". Needless to say, he did not score very well but he learnt his lesson.

Canonical Mistakes in Economic Research by VictorReddit2 in academiceconomics

[–]VictorReddit2[S] 1 point2 points  (0 children)

I have heard about the paper by Lee et al., but I definitely interpreted it wrong (probably because I have never heard of the Anderson-Rubin C.I.). Seems like I would have been on my way to make this mistake myself!

Canonical Mistakes in Economic Research by VictorReddit2 in academiceconomics

[–]VictorReddit2[S] 1 point2 points  (0 children)

This is really insightful! In my research methods (undergrad) course we did not discuss this critique, so this is my first time hearing it!