College Advice for Undergraduate Economics Majors
Economics students, and most undergraduate students, are concerned with what their next step after graduation will be. I have the opportunity to work with students and help them make that transition. I know how stressful that transition between college and the next phase in your life is. Watch this video to learn more about how to make the best out of your college degree.
Stress Free with an Emergency Fund
At the NKU Center for Economic Education, Brooklyn Stephens, senior economics student and I are currently working on a project about financial anxiety. According to our research, 32% of people report feeling like their finances control their life, and 54% report that thinking about their finances makes them feel anxious.
Labor Market in Four Graphs
I am teaching unemployment this week. Here are four charts my students and I will be going over
Budgeting and spending tracking apps
Your first step to any financial plan is to start by taking stock of where you are now so that you can make a plan on where to go next. Today, I'll share some budget tracking methods and some apps that are out there to help you keep track of your spending.
Don't Wait! How to save a $680,000 for retirement
Saving $88 cam help you get to your goals. Watch this video to learn how.
How much to save for retirement?
There are several reasons to set aside money. The first money to set aside is for emergencies. The emergency fund is an important part of your financial security. How much and where to save this money is discussed in another video. Today, I want to talk about how much money you want to save for retirement.
Student debt: simple vs compound Interest
As you start your next phase in life, one of the most important topics to learn about is interest rates. Knowing what they are and how they work will make you a better saver, investor, and you will also be able to make better long term decisions.
Why are prices going up?
In one of my recent videos I discussed the hot housing market. That video is closely related to today’s topic on inflation. We are seeing an increase in inflation. We just had the fastest increase in the annual CPI rate since 2008. The monthly gain in core inflation was the largest since 1981. People have been asking me what are the possible reasons for this increase in inflation.
The economics of scarcity: decision making when facing scarcity
A good friend of mine and economist, Julien Picault, reached out after watching the video to discuss a different view. Mainly why the advice I, and many others give and present as simple financial and economic concepts, is actually very hard to follow. These “simple” rules neglect behavioral economics and the economics of decision making under scarcity.
The 3 Book I Recommend
I love to read. Today I want to share the three books that I have been recommending to my students often in the past year. These are non-econ books but they have helped me in my development as an economist, a creative, as somebody navigating the world.
The Hot Housing Market
The housing market has been hot. Maybe too hot? When I polled my economics friends, most of them did not think that we have a housing bubble. When I polled my real estate friends, they also said they did not think that there is a bubble. However, I believe that there is a bubble and today I am going to explain what is happening and why I disagree with my economics and real estate friends
Omani Economy Posts
A year ago, I presented at Majlis al Khoniji and then again four months ago. Both times I discussed the importance of job creation in the Omani economy and the importance of FDI. I directly referenced Amazon as a potential target for Oman. Seeing the news that Amazon will establish 3 web service data centers in the UAE, reminded me of my discussion.
Pennsylvania Economic Association Keynote Presentation
I present at the Pennsylvania Economic Association as the lunch Kenynote speaker. My presentation titled “Teaching in an Uncertain World: How the Pandemic Changed Economics Education”
The Economics of Beauty
What if I told you that you were going to make 5 to 10% less than your coworker for doing the same exact job. It's not because of your skin color nor is it because of your gender. No, you make that much less because your coworker is considered “more attractive”.
Is Debt Bad?
Telling people to avoid all debt because they may struggle to deal with it does not solve the underlying problem. Debt is not the issue, the real issue is that we are not taught how to properly manage debt.
How to Get Rich Quick
Another Finlit video. The answer to the question I get most often, especially from high school students.
Is Economics STEM? With Dr. Emily Marshall
A conversation with Dr. Emily Marshall about her career and initiatives to help students prepare for today’s labor market.
Luke Stein on Teaching with Teach
Luke Stein is an Assistant Professor of Finance at Babson College. He earned his PhD in Economics from Stanford University, and an AB in Applied Mathematics with a Citation in Japanese Language from Harvard University.
How to Use LinkedIn Better
You have a LinkedIn account; you randomly post on it and accept new connections. But you often wonder if there is more you can do to use LinkedIn effectively.
Dr. Matt Rousu on Being A Dean
My conversation with Dr. Matt Rousu. Matthew Rousu is Dean of the Sigmund Weis School of Business and a Professor of Economics at Susquehanna University. His research interests include political economy, experimental auctions, agricultural economics, pedagogy, and public health.