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Everything posted by Bayes

  1. Here is the caveat, it seems that your utility function values being close to family. If you think being close to family will help you mentally and you will be happier, then for you it is not a bad choice. Now, my utility function does not care about being close to family etc. when going on a PhD. Thus, for me, Iowa State is a better choice as their training and placement is better.
  2. Why give so much detail about the schools but not give the actual name?
  3. Does your school offer Advanced Micro and Metrics? I would take those classes rather than electives. Tutonic gives good advice on taking graduate Micro, but I don't think you are ready for the workload. Graduate classes are often taught horribly and you need to reference couple of book to learn the material presented in lectures. Since its top 5 econ dept, just take Advanced Micro, Advanced Metrics and take the full Analysis Sequence. If you get A in those courses then think about taking grad Micro. I would also either take Theory of Probability (casella berger) or Grad Metrics to offset the B in probability.
  4. You also need to consider if you want an industry or academic placement out of this. Doing research and all is fun but if you want a good academic placement after PhD you need to break into the top 30. Econ applications are crazy competitive these days and I am assuming you don’t have any LORs from good published Econ professors, which is a current hole in your profile. You want to convince adcoms that you are not choosing Econ just because you took some math classes (the classes you took are the bare minimum anyway) but also because you know what Econ research is like. In your case, a two year masters with a thesis and RA experience is needed. Staying on top of your classes and doing RA work requires some serious dedication and self control too. If you are up to the stress, then go for it!
  5. Ouch.. This is certainly detrimental to their reputation.
  6. You should research beforehand who you will be interacting the most . There are RA positions where you are not working with Professors directly but through an organizer who gives tasks to RA's. So one should be wary of such positions as they wont be able to secure individually tailored rec letters unless they do something absolutely groundbreaking. Also you should openly ask where their pre-doc RA's went for PhD. Never be afraid to ask such information and be open about it.
  7. I am assuming you want to continue for PhD? Then select the program that has the best placements. Good luck!
  8. The ‘year’ requirement really depends on how soon you can secure excellent letters of rec from well known professors. Tutonic says 2-3 years because its unlikely one will be given important work in their first year before they have proven their research/programming skills. So it takes time (2 years).
  9. LSE is much better known internationally* and is a respected institution (if in the foreseeable future you decide that an Econ PhD is not for you). So you need to factor this into your discounting equation as well!. Since you would take the advanced track, I think LSE EME is a better option as it will be similar in difficulty but more importantly LSE gives you much more leeway career-wise. *Better known internationally from the perspective of employers. Not talking about Econ PhD programs.
  10. Interesting scenario and situation. I am not qualified or knowledgeable enough to give insight to this situation but I hope other experienced members of this forum can chime in!
  11. Quoting Kexin: “The pooled placement data of European programs are not that informative to Asian students. Most of sparkly placement records are from Europeans rather than Asians. Asians are not in the sample pool with others when adcom in the US review applications”. Your assumption is that race matters when applying from an European program. Your next assumption is that placements records are from Europeans rather than Asians. I am not sure if you are actually in a PhD program because you have some pretty obvious flaws in your Econometrics reasoning. Race does not matter. It does not matter whether the student is black, asian or whatever when attending the masters. Since the course structure is the same for everyone, the signal sent is also the same be it asian or european. Secondly, did you entertain the fact that maybe asians are not represented in CEMFI or whatever is because they aren’t that many applying to these places? And if I may ask, how do you know the race of each master attendee that has been places from these unis?. From what I know, they do not hold demographic data when discussing placements. If you have passed MWG you have passed it; the signal is the same for everyone. You need to also define what a sucessful applicant is. Prof. Startz had awesome data on the differences between US vs Foreign students entering into US PhDs. US applicants typically possess almost always research experience when entering top 10-20. Foreign students on the other hand were always entering PhDs with a masters. So to close the gap of research experience, yes they would benefit from taking the full sequence at their masters in Europe. As this also gives positive signal for research ability (indirectly signaling intuition).
  12. What Kexin says is nonsense. Kexin's unsupported assumptions and personal anecdotes cannot replace empirical placement data. First of all, "suitability" should never be a concern in a masters program. You attend a masters to send a positive signal. Secondly, all of those European MA's listed use MWG tier instruction in their MA core courses. Even Duke's program is not as rigorous.. Plus, one cannot make the assumption that they will be the top student; with this fact in mind, and the fact that one is going to pay at least 45-60k in the USA, attending a US masters would be a very bad decision. Kexin, you frankly do not know what you are talking about and this is just misinformation.
  13. I strongly recommend to take an Intro to Proofs Seminar before taking any proof based course. Learning to write proofs is like learning a new language and given your math history, you do not want to dive head first to RA(I). Not that Real Analysis is hard, it is just you have to really love getting nerdy with these things and appreciate quick short-cuts in proofs etc. This will only be revealed through Intro to Proofs. There are people who are horrible at computational mathematics but ace Proof-Based courses. If you find you are this type, then more power to you! You will need to take calc III before your math stats course. Here is my reccomended progression (we start out slow to give you time to adapt and develop efficiency). Assuming your Linear Algebra is proof based, this progression you might find useful: Semester A: Intro to Proofs, Calculus III Semester B: Linear Algebra, Math Stats Semester C: Real Analysis I This is very do-able in 3 semesters. Do NOT take anything besides RA I in Semester C. You would not gain any more value in signaling by taking Topology or Stochastic Process. Take those only if you absolutely love maths and want an intellectual fulfillment.
  14. Ahududu, I think you should list all your math classes and their respective grades so knowledgeable people like Prof. Startz can recommend remedying courses. Through our conversation I know you have a few math classes under your belt. So list them as you wish!
  15. Whether these placements are good I think are dependent on your targeted range. Some years it seems like a hit or miss on the top 10-30 range. If your eyes are set on top 50, then it is a good program! Also, you cannot assume you will be the top student and go to these places. Every person entering the program thinks that way. So factor in that aspect as well!
  16. Based upon what Prof. Startz said: Some International Relation PhD programs have an Econ focused emphasis which place you into Economics Departments on the job market. So be sure to talk with your current IR masters advisers and learn more about their recent placements. Given you are in a top 3 IR masters you are in a very privileged position (if you decide to pursue an IR PhD)
  17. My concern here is that your masters is in no way remedial. If you pursued a pure Econ masters where the textbook's used were MWG tier; then yes some of your math grades would have been forgiven. But I highly doubt an international relations masters uses rigorous textbooks for their Econ courses. Can you list the textbooks used for Micro, Metrics & Game Theory?
  18. Certainly it is! But this of course depends on: 1. If your placement officer advisors specialized in financial economics 2. The topic of your job market paper 3. Your specialization area. 4. If the department you are applying to is econ background heavy (for example stanford gsb has micro theory people) You will find for example some experimental/behavioral folks going to the business market (e.g. chicago booth marketing, columbia gsb etc.)
  19. Dogbones, I looked through your created threads and I do not think you should pursue a PhD in Econ. Not only do you severely lack any research experience; you are also spinning in wheels with the same questions and naivety. Most of your created threads could be solved by simply searching through the right keywords in urch and finding your answers. For which, is also an essential part of research. In 2018, you stated that you would begin an MA in 2019 whilst taking math classes prior to that. Then, you wanted to prepare even further so you postponed it to fall 2020. From my understanding, you graduated in 2013 and have been out of the game for close to 6 years now and you still are thinking about ‘internships’ or learn how to access econ datasets(which signifies you have not done any RA job & puts doubts on your whatever number of working papers); plus, the word internship should be a sin with 6 years of work experience. The created threads are mostly about hypothetical scenarios and frankly all of this seems like a waste of time and nonsense to me. I’m sorry if my tone is harsh. But I will be honest where I can.
  20. Coloradoecon and Tutonic make a good point here about problem sets. My recommendation is to try to create a problem set for yourself (involving proofs). For Metrics: - Wooldridge’s intro to econometrics book has proof practice problems - Casella & Berger Statistical Inference For Micro: The obvious choice is MWG and you can find the solutions manual online as a pdf form For the comps, UCLA posts their preliminaries online for micro and macro. Try to solve those problems too. Time yourself (without looking at the solutions) how long you take solving problems. For STATA upgrade your obvious choice is to contact customer service.
  21. I wouldn’t worry about those Calc I & II grades. It would have been a much bigger problem if you aced those courses but performed subpar level on the more advanced ones (which you aced). You will need to retake the GRE and get at least a 165-167 that is no question. But before that we need more information: (1) Tell us more about your MA classes (were they applied in nature? Were they close to econ phd classes? List books if applicable) (2) What range of schools did your MA program place people in the past? (3) Go to your letter writers with a list of schools (even including dream ones) and measure their reaction and see which ones they feel comfortable writing you a LOR for.
  22. Prof Startz, do you know which perimeters these applications use for the basic screening process? I would guess prior research experience and LORs would overrun GPA and GRE scores? I also heard (although Im not entirely sure) they highly prefer those who had some exposure to grad level economics courses (whether be it standard PhD courses or a masters in econ).
  23. Dogbones, I certainly appreciate your enthusiasm and will to become an Economist; that is a good thing! But let me be a bit more frank, life does not plan out like that and Im afraid your plan is just delusional. Make no mistake, becoming an Economist is certainly not delusional and with such a desire you can certainly become one. But realize that top 10 program admissions (even top 20-30 for that matter) are just a whole another animal. You are young (I am young), I get it, we want to go to the best program as possible but that should NOT be at the cost of what you are referring to with such minimal returns. Life is full of chaos and surprises. In a given year one might be healthy but then another year one might experience a misfortune whether health, family or other problems which requires the use of collected such funds. Dismissing such random noise and planning out how you will pay 40k+ whilst 'maybe' making connections is just not a healthy mindset; you should not be so obsessed. Your obsession (if it is for the love of economics and not prestige) should be saved for research or you will certainly go downhill with this mindset.
  24. Let me be completely honest. You are severely delaying your human capital for things that are not going to make one bit of a difference. I am sure you know that one harvard class costs around 6k. Harvard extension school will not give you any prestige. Why not apply to masters in europe and start right away? For example you could apply to Bonn (which is tuition free) and use the harvard extension school money for rent. This is just one example to help you reconsider your options; because it is very very unlikely you will get into any top program from university of hawaii.
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