/biz/ - Business & Finance

>>9645428
Career thread? Career thread.
Im about to hop on the uni to study electrical engineering. Am I fucked?

>>9645444
respond to the question you brainlet

>>9645428
Of course you're regurgitating textbook material, that's what "education" is all about. Real learning happens in the real world, not in adult babysitting, despite what boomers might tell you

>>9645428
>Anyone studying economics here? does it get any better?

No. But it can be much more interesting if you take courses in sociology and political economy as well as it gives you a much more rounded understanding of the role economics actually plays in politics and society.
When I took economics I just found it to basically be "out of context capitalist propaganda" the class.

No it dosent get much better, its mostly useless theories and easy math you should do like engineering or math instead its better anyways for a job in buisness

>>9645428
Study the Austrian School of economics, it's not mainstream, but it's gaining momentum, and it criticizes mainstream economics. It's really neat, I never cared about economics until I read Mises and Hayek and then it made so much sense that I started to despise Keynesian economics.

>>9645428
Basic Math and Learning

Thats better than 50% of uni, and as good as 80% of uni gets

Face it, if you are not in the serious sciences, or not in something math related, you are and will always be a cuck.

Any education without a huge chunk of math is practically a meme.

You could always try and study a join degree anon. For example, I study a joint degree in Computer Science & Economics.

>>9645487
Also, there is no math, it heavily criticizes econometrics. It uses an aprioristic methodology.

>>9645487

I'll look into it, heard of it in passing before but never studied it. Thanks anon

>>9645512

economics is definitely the highest tier study just below STEM

>>9645523

in a joint degree, do you do both at the same time?
doesn't that straight up double your workload?

Actual applied research in econ is quite different than undergrad textbooks. It's something akin to quantative social sciences.

Go to google scholar, search for Journal of economic perspectives, look up for topics that interest you.
or here: https://www.aeaweb.org/journals/jep

For instance: Are you interested in crypto? Read up Myerson and Shapley values (Vitalik actually applied these concepts without him first knowing).

If nothing comes up that intrigues you, you could just change to queer studies or something.

>>9645574
No that's a double degree where you graduate with a degree in Economics AND a degree in Computer Science. A joint degree is where you graduate with a degree in Economics and Computer science. So it's like a half and half sort of degree.

>>9645487
lol the austrian school is retarded shit.

>>9645574
"Highest tier study just below STEM"

That may be true anon, but do you recognize how I talked about
>serious sciences and math

something like chemics is a meme, these guys dont do math beyond algebra afaik, so whats in there for econ?
I honestly dont get it, where the fuck do you guys think youll all get employed? Textbook knowledge can be replaced by a database, simple math by numerics. Unless you do research and propose new theories you are just a more expensive computer that happens to have rights

>>9645574
>heard of it in passing before but never studied it

Yeah, universities frown upon it, because it has a very humble approach to economy, in a claim that it cant actually be learned in full, since it's too complex, which means that you cant use it to predict to future or influence public choice or government policies. The economy is complex, not some circular flow. To think otherwise is a pretence of knowledge.

I urge you to read Hayek's nobel prize acceptance speech, to realise how much of an outcast this guy is, in comparison to the mainstream, if this doesnt interest you, then perhaps it isnt for you.

https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/1974/hayek-lecture.html

>>9645610
You shut your whore mouth, go study your models.

https://en.wikipedia.org/wiki/Economic_sociology
https://en.wikipedia.org/wiki/Political_economy
https://en.wikipedia.org/wiki/Behavioral_economics

This is where the fun stuff is if you're doing economics. Again, economics should be done with something else to give that economic knowledge context or you get the same issue as most economists where they literally cannot view the world beyond spreadsheets and indexes and bad axioms in regards to human behaviour just get repeated over and over as truth.

Also Economics tends ot have the problem when done isolated of turning it's students into sociopaths.

>>9645607
>Economics AND a degree in Computer Science

I did a joint degree in economics and computer engineering.
Did economics because I thought it was actually going to look at different economic systems and actually be interesting but it's literally just "Capitalist propaganda" the class. It sucks.

>>9645444
second year engineering here, you will find nothing but pain and suffering, enjoy your time at uni, "best years of your life". also checked.

>>9645428
Hey anon I did an econ degree, and felt exactly the same way during it. I actually liked Economics at school and was good at it but found it to be very boring at university. I love reading financial news and like applied economics in the real world, so learning all the boring and tedious concepts they teach you at uni from academics who couldn't succeed in the real world was frustrating. What I think you should do anon is get an idea of what you want to do after you finish and tailor your electives accordingly. I was always keen to be a trader so I started retail trading while at uni then became a prop trader for a while after finishing now work in financial planning. The good thing about the econ degree is it holds a lot more respect than a business degree, with the majority of people believing it to be a difficult subject. Despite all the people saying anything but a STEM degree is a meme degree having an Economics degree provides a good foundation.

>>9645620
>You shut your whore mouth, go study your models.

Austrian school is retarded and Hayek and Mises had shit tier metaphysical philosophic views.

If you're going to study unorthodox economics, Modern Monetary Theory is what is in vogue now along with a resurgence in Marxian economics (especially if you want to shill in China). Nobody cares about Austrian economics aside from the far-right.

Yes I do. You just have to find your field in the economics since it is fucking broad. I am finishing my master degree this semester and found financial products and quantitative finance the most interesting topics. However, the firsr years are just general economic basics, it gets waay better.

Just figure out your preferences. If you like statistics go into macro economics, if you like coding and math go into quant finance, if you like models/the general economic system go into banking/financial economics, if you like analysing companies in detail and figuring out financing, capital structures etc go into corporate finance or tax and if you just like to pretend to know shit without actual knowledge go into business administration

>>9645680
>Modern Monetary Theory is what is in vogue now along with a resurgence in Marxian economics (especially if you want to shill in China)

>Monetary Theory when we have fiat money
>Thinking China has a sustainable economy and wont crash like a motherfucker eventually

I get it, you're dumb.

Its retarded that you are in crypto, because crypto actually mimics A LOT of Austrian ideas, Hayek wrote a whole book on how money should be issued by private individuals and institutions to compete, and not be in the hands of the government.

Hayek would be immensely pleased by how crypto is popular nowadays. On the other hand, Keynes would consider it the end of the world, since the government wouldnt be able to print money to give the economy an injection of money, or bailout banks.

If you're in crypto, you are more austrian than mainstream, son.

>>9645755
This is my mainstream take on crypto:
https://www.tandfonline.com/doi/abs/10.1080/13504869400000008

>>9645819
Too lazy to read a whole article, explain a bit about it.

>>9645892
Just that it's experimentally shown that asset market bubbles tend to form in experimental markets, where the assets trade way above their fundamental values, even when the trading partners are fully aware of this fact.
I think that reflects what's going on in crypto right now quite well. That's a review article, which collects 72 such studies.

>>9645919
Oh, okay, I agree on that. Bubbles are part of an experimental market, speculation always goes beyond actual development. Crypto will eventually become like regular stocks, on that I agree.

>>9645620

i am interested in complex systems and chaos theory so I can definitely find merit in that mindset

>>9645647

so finding the applicable fields within economics rather than just studying the isolated models, got it. Contextualizing models always helps to remember and understand them, I feel

>>9645662

I have also been interested in trading, game theory and complex systems for a long time. Gonna try to choose a path that fits.

>>9645428
Business school is for connections and making you qualifed for the job path that your dad hooks you up with.

If you are a poorfag with shitty family background then it's useless.