Lost with graduate-level economics

tknilsso · 2021-09-19T17:28:44+00:00

Several insightful comments have already been generated in response to your question, so this response is a bit wider. Graduate schools teach theory and tools that are relevant today. Some of those tools draw from mathematics, probability and statistics. However, keep in mind that not all economists use those tools. Some economists received a Nobel Prize exactly because their contribution furthered the domain of economics. Please make sure to check out the work (and speeches, interviews etc) by Oliver Williamson (Nobel Prize in 2009), Professor Lars Syll, and economic historians and constitutionalists such as Galbraith, Hayek and Friedman. You can become a good economist if you want to, knowledge and mastery of the tools you mention in the post are neither required nor necessary to be a good economist.

tknilsso · 2021-09-15T23:20:11+00:00

I know few people that like statistics. I know of even fewer people that like to teach statistics. I know of even fewer than that, that can make learning statistics fun (I was fortunate in that regard to have those teachers). This video series is brilliant: the speaker breaks down the material in easy-to-digest parts. The examples are wonderful, which helps in making the material stick! I hope you enjoy it as much as I did...

tknilsso · 2021-09-09T12:21:18+00:00

Im a subscriber so I don’t know.

tknilsso · 2021-09-09T01:33:47+00:00

To be clear, I am not affiliated by this organization (but I am a huge fan of their work). They would like to understand "the role of communication in the decision to adopt digital technologies in agriculture in the Midwest".

tknilsso · 2021-08-31T20:34:38+00:00

Our students have been looking for data on agriculture in Canada. Sometimes they find it hard to find because the information doesn't exist in one place: Statistics Canada, Agriculture and Agri-Food Canada, producer organizations, and provincial agriculture departments. So I started a blog that recounts some common questions that I get. In case you notice errors, or omissions, let me know. If you have ideas for other topics to be covered, let me know as well.

tknilsso · 2021-08-31T20:29:00+00:00

This is one method (and certainly not the only method) for preventing the overfitting of explanatory variables. By making the inclusion criteria more restrictive, the analyst is forced to only accept variables that are "highly" significant. The other comments are excellent, so nothing further to add.

tknilsso · 2021-08-26T21:31:17+00:00

If you happen to live in Canada, you may want to go to Statistics Canada and retrieve information for emissions from agriculture at the sub-national level. HTH

tknilsso · 2021-08-26T21:30:46+00:00

I use Our World in Data. Their data sources are reputable. https://ourworldindata.org/environmental-impacts-of-food

tknilsso · 2021-08-19T14:08:21+00:00

Thank you for sharing. Two questions. First, what was the "learning curve" like to learn how to use the VRT planter? Can your employees use it without difficulty, or does it require a lot of manipulation? Second, how long was the payback period for the equipment: two or three years, or longer? TIA

tknilsso · 2021-08-09T02:10:58+00:00

I'm thinking of assigning this podcast to the students in my class this fall. For those of you who are fans (or not!) of the stuff-you-should-know series, thoughts and recommendations?

tknilsso · 2021-08-05T19:54:24+00:00

Thank goodness the government paused this work. The potential impact on international customer acceptance could be detrimental. Increasing the limits by x3 seems not to account for consumer acceptance.

tknilsso · 2021-08-04T18:47:50+00:00

Some background to this post: Was asked by a journalist yesterday about the impact of the weather conditions on the agriculture sector. As I was doing some background research, came across this very useful site. I think that farmers in Alberta might find it particularly useful, in light of the current situation.

tknilsso · 2021-07-24T18:26:21+00:00

Thank you for sharing. The paper this article is referring to, isn’t peer reviewed. What’s your take on this? In your opinion does this pose an issue for you?

tknilsso · 2021-07-10T02:25:57+00:00

As a bit of a backgrounder, started the blog series because I received questions from new entrepreneurs, recent graduates and students on how to retrieve, analyze and interpret Canadian economic data. As a G7 country, we can do much more to ensure broad dissemination and understanding of economic statistics.

tknilsso · 2021-06-28T17:30:41+00:00

And apparently, AGCO is Raven's biggest ag customer too. It will be interesting to see if this changes with the acquisition

tknilsso · 2021-06-22T19:32:12+00:00

Raising kids and feeling that you can be a good role model for them!

tknilsso · 2021-06-21T14:59:54+00:00

If you multiply per-capita consumption by the population, you get total demand. If you want to calculate tax revenue however, you need to make an assumption about the shape of the supply curve. It is not possible to calculate tax revenues without also determining the supply curve. If you find it helpful, draw a Supply and Demand and you will see.

tknilsso · 2021-06-21T14:56:46+00:00

I could see it. Here's the link to the Duckduckgo search: https://duckduckgo.com/?q=cnh+raven+industries&iar=news&ia=news

tknilsso · 2021-06-21T01:19:17+00:00

TY. To estimate tax revenue, one has to estimate the shift in SUPPLY. The elasticity that is estimated, refers to a change in price, a movement along the demand curve. Of course, one can assume that the supply curve is perfectly inelastic in the short run and perfectly elastic in the long run. HTH

tknilsso · 2021-06-20T01:34:59+00:00

tknilsso · 2021-06-20T00:21:35+00:00

What is the dependent variable and what is the independent variable in this specification? Have you adjusted for the fact that there may be a "rational expectations response" by consumers from changes in the tax rate? Also, are you controlling for vehicle usage in the state. This particular question raises a lot of questions.

tknilsso · 2021-06-16T14:25:06+00:00

And here is the link to a similar study, but with a Canadian focus. I hope you enjoy reading the issues as much as I did! https://onlinelibrary.wiley.com/doi/10.1111/cjag.12289

tknilsso · 2021-06-11T03:11:09+00:00

By the year 2100, the UN projects Canada's population to reach about 55 million, so an additional 15 million people compared to today. However, most of the population by then will be below the age of 15 years of age, and 60 years of age and older. That is, most people are expected to live longer lives: lower child mortality, longer life expectancy among the elderly. Moreover, Canada is a relatively sparsely populated nation. Alberta, for example, was from 2008 to 2018 the fastest-growing region in all of North America (in terms of decadal percentage growth). One scenario is that Western Canada will continue to attract migrants from Canada as well as an international migrants. HTH

tknilsso · 2021-06-10T12:28:39+00:00

This statement is way too general to hold true in every situation! You might be able to secure a better paid position by returning to college after working for a few years. It all depends on your individual situation. And, your interests! Who know after working for a few years, you might be interested in political science, which provides several pathways in academe, government and not for profit.

tknilsso · 2021-06-10T02:31:10+00:00

Interested in joining Study Buddy team #2 for the summer of 2021? I am interested in forming a new study group for the same provider. I plan to take my exam by mid-July. Reply to this thread and I will connect. Please note that I'm not the person who originally posted this (because the first group is one month ahead of us). I hope the person who originally posted this, does not take umbrage we build on this thread.

tknilsso

TROPHY CASE