I have another take on all of the data in the world today, and not just the data that the U.S. government is collecting and publishing. Private companies like banks, manufacturing sites, and even public entities like local and civic governments are also awash in data – and this is great news for economics majors because they are perhaps in the best position to benefit because they have the best tools and training for analysis. The training that economics majors get from the conceptual like cost-benefit to the practical like econometric methods is the best possible training they could get to prepare them for meaningful jobs after they graduate. So, it seems as if it's a great time to be an economics major.
Dr A,
I have another take on all of the data in the world today, and not just the data that the U.S. government is collecting and publishing. Private companies like banks, manufacturing sites, and even public entities like local and civic governments are also awash in data – and this is great news for economics majors because they are perhaps in the best position to benefit because they have the best tools and training for analysis. The training that economics majors get from the conceptual like cost-benefit to the practical like econometric methods is the best possible training they could get to prepare them for meaningful jobs after they graduate. So, it seems as if it's a great time to be an economics major.
I couldn't agree with you more. It is a great time for students studying economics and developing their data analytics skills.