Josh Angrist: If I Master Econometrics, What Jobs Can I Get?

The job market for people with skills in econometrics is exploding. In this video, MIT professor Josh Angrist describes the opportunities awaiting empirically-minded economics majors, including new careers in high tech firms such as Amazon and Uber.

This video is the sixth in our series of Q&As about our course Mastering Econometrics.

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[MarginalRevolutionUniversity]

This is the sixth in our Q&A video series with MIT Professor Josh Angrist in which he addresses common questions and misconceptions about econometrics.

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***TEACHER RESOURCES***

[sjleelee]

Some in the workplace are making the mistake using the wrong approach when the question is a causal one. A background in econometrics can help. Experiments are the "gold standard" to find cause and effect. I have used it myself to evaluate marketing intervention. Or when random assignment is not feasible, you have to find clever ways using obs data methods like diff in diff, IV, regress discontinuity... to find causal effect. Econometrics comes in!

[gabemando]

I got my job because of my minor in econometrics. Haven’t actually used any econometrics since then.

[saraahmed]

Can you add an Arabic translation in the captions, Thank you.

[bigbobabc]

Data in the real world sucks and econometrics is rarely used unless it’s a really niche consultancy. McKinsey et al rely on simple data analysis

[lakshmikanthrlakshmikanth]

Everyone took idea from that moneyball coach to hire