Careers (and internships) in Economics

Studying economics can open up countless opportunities for your future – here’s a short video from the American Economic Association showing the many ways how: To aid in this pursuit, Sound Economics hopes to share some job and internship opportunities with you throughout the semester. You can find many opportunities by visiting LoggerJobs (through my.pugetsound) or from visiting Career and Employment Services. This week, you’ll find: Private Wealth Management Summer Analyst at Goldman Sachs: Seattle (ID# 27101) – Oct. 21 deadline! (Open to sophomores and juniors and available in multiple locations.) Several positions at Liberty Mutual Insurance, including an Actuarial Internship (ID#27103) Continue reading Careers (and internships) in Economics

Friday Interviews (name pending)!

This is the first installment of our Friday interview series! Every Friday a Sound Economics contributor will conduct an interview with a current student (or alumni). Some economics students spent the summer conducting research, studying abroad, or doing an internship. This is a chance to hear more about their experiences. Since we’re still organizing interviews, I’ll start with my own internship. I interned at a small company (Karson Management) in Boston over the summer – it offered financial services to a wide variety of companies. Initially I thought they offered some sort of financial consulting (i.e. risk management). This was true, but the firm did much more Continue reading Friday Interviews (name pending)!

The Price is Wrong

This may not be the easiest pill to swallow, but worldwide, energy prices are far too low. In the United States, on average, the federal U.S. tax on gasoline has remained at merely 18 cents per gallon since 1993. We all know that there are negative effects that come with the overconsumption of nonrenewable energy, but is it reflected in the prices? When gas, or any other fossil fuel, is bought at market price, the cost fails to account for the environmental and social impacts that come with the production and consumption of these fuels. This issue is called a Continue reading The Price is Wrong

A Summertime Gem to Start the Semester

I thought it would be appropriate to open up the semester with a gem from my summer reading: the MONIAC Computer. I discovered it in Tim Hartford’s The Undercover Economist. It’s an analog macro-economic simulator developed in the late 1940’s by Bill Phillips, who at the time studied at the London School of Economics. Digital computers, which readily “crunch” numerical simulations for us today, were in their infancy at the time. So, Bill Phillips used a carefully arranged series of tanks and tubes through which moved an actual, physical fluid to simulate the flow of money in the UK economy. The Wikipedia Continue reading A Summertime Gem to Start the Semester

Welcome Back!

Welcome to another year of Sound Economics! Starting this Monday, we’ll be bringing you a daily dose of economic news and features on economics students here at the University of Puget Sound. This semester we will: introduce you to our new team of writers; feature several discussions of our theme for the semester: increased minimum wage proposals; present a new collection of profiles of student internships, student research, and economics department alumni. Follow us on Twitter or Facebook, or sign up for our daily e-mail digest!