larrybr Posted September 10, 2014 Share Posted September 10, 2014 Hi guys, Do you think undergraduate Numerical Analysis is useful for Econ PhD? What if my interest is in the financial area then? Thanks in advance:) Quote Link to comment Share on other sites More sharing options...
Slimy Posted September 11, 2014 Share Posted September 11, 2014 I'm curious about this too; I'm taking it this semester. The class I'm in uses mostly matlab and matrices and it seems very relevant to certain kinds of econ research, but I'm not sure if adcoms will see it that way. Quote Link to comment Share on other sites More sharing options...
chateauheart Posted September 12, 2014 Share Posted September 12, 2014 Quite useful for some areas in macro and finance; not so much in other economic areas. It's also valuable since it provides a good skill for the industry in case you decide not to go into academia after PhD, which happens a lot more than people expect. Quote Link to comment Share on other sites More sharing options...
larrybr Posted September 12, 2014 Author Share Posted September 12, 2014 Thx chateau! ! Quote Link to comment Share on other sites More sharing options...
sevet Posted September 12, 2014 Share Posted September 12, 2014 I took a numerical analysis course, which focused on applications on economics problems. Was very interesting and taught me a lot of coding, but I don't think I'd say it's particularly useful in general. Quote Link to comment Share on other sites More sharing options...
larrybr Posted September 12, 2014 Author Share Posted September 12, 2014 I took a numerical analysis course, which focused on applications on economics problems. Was very interesting and taught me a lot of coding, but I don't think I'd say it's particularly useful in general. OK then, thx! Quote Link to comment Share on other sites More sharing options...
JQX Posted September 12, 2014 Share Posted September 12, 2014 I'd say it's useful. At the very least, you will learn very basic skills of using MATLAB from an elementary numerical analysis course, which is good for securing employment in the industry or central banks. They need people who knows MATLAB. It also gives you some (if not a lot) advantages because most econ students are only equipped with STATA or Eviews skills from standard undergrad econometric courses. Quote Link to comment Share on other sites More sharing options...
flopson Posted September 13, 2014 Share Posted September 13, 2014 i took a computational econ & finance class that included dynamic programming & recursive methods, extremely useful for phd macro class i'm taking right now Quote Link to comment Share on other sites More sharing options...
larrybr Posted September 13, 2014 Author Share Posted September 13, 2014 I'd say it's useful. At the very least, you will learn very basic skills of using MATLAB from an elementary numerical analysis course, which is good for securing employment in the industry or central banks. They need people who knows MATLAB. It also gives you some (if not a lot) advantages because most econ students are only equipped with STATA or Eviews skills from standard undergrad econometric courses. Thx, although I'd probably choose Micro since it carries more weight. Quote Link to comment Share on other sites More sharing options...
larrybr Posted September 13, 2014 Author Share Posted September 13, 2014 i took a computational econ & finance class that included dynamic programming & recursive methods, extremely useful for phd macro class i'm taking right now hm..well I didn't know that Macro needs dynamic programming..Thx alot!! Quote Link to comment Share on other sites More sharing options...
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