Advanced Concepts in Economics from edX

This second course in the Data Science and Economics series is based on a Connector Course taught at UC Berkeley as a Connector between the field of Economics and the popular Introduction to Data Science Course.

In this course we cover national productivity and cross-country historical comparisons, international development, income inequality, and constrained optimization.

This course is of interest to the growing number of students interested in the overlap between Economics and Data Science. The course has some more advanced programming challenges, including the cobb-douglas formulation for production and consumption.

Each of the applications follows a unique applied dataset to illustrate the concepts that are learned in intermediate economics courses. Concepts of utility and production functions are modeled within python mathematical formulations.

What you'll learn

Applied programming approaches
Cobb-Douglas production and consumption
Constrained optimization
Recovering a demand curve from a utility function
National production accounts
Randomized Controlled Trials
Lorenz Curve and Gini Coefficient
Income and Wealth Inequality
Inequality trends across time and across countries

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Develops skills in applying programming methods to economics

Teaches advanced concepts in economics, such as production and consumption, and constrained optimization using Python mathematical formulations

Examines income distribution and inequality, which are highly relevant to economic policy and social welfare

Career center

Learners who complete Advanced Concepts in Economics will develop knowledge and skills that may be useful to these careers:

Economist

Economists research and analyze economic data to make predictions about the economy and develop policies to address economic issues. This course covers a wide range of economic concepts, such as national productivity, international development, and constrained optimization, which are all highly relevant to this role. Taking this course can help aspiring Economists to gain a deeper understanding of the economic forces that shape the world.

See salaries and explore the career path for Economist

Data Scientist

Data Scientists use their knowledge of mathematics, statistics, and computer science to extract insights from data. This course covers a wide range of data science topics, including machine learning and data visualization, which are all highly relevant to this role. Taking this course may help aspiring Data Scientists to develop the skills they need to succeed in this role.

See salaries and explore the career path for Data Scientist

Statistician

Statisticians collect, analyze, and interpret data to provide insights for businesses and organizations. This course covers a wide range of statistical topics, including probability and regression analysis, which are all highly relevant to this role. Taking this course may help aspiring Statisticians to develop the skills they need to succeed in this role.

See salaries and explore the career path for Statistician

Quantitative Analyst

Quantitative Analysts use advanced mathematical and statistical techniques to analyze and interpret financial data. This course covers a wide range of topics, including constrained optimization and data modeling, which are all highly relevant to this role. Taking this course may help aspiring Quantitative Analysts to develop the skills they need to succeed in this role.

See salaries and explore the career path for Quantitative Analyst

Risk Analyst

Risk Analysts identify and assess risks that businesses face. This course covers topics like constrained optimization and data modeling, which are essential for understanding and managing risks. Taking this course may help aspiring Risk Analysts to develop the skills they need to succeed in this role.

See salaries and explore the career path for Risk Analyst

Researcher

Researchers conduct original research to advance knowledge in a particular field. This course covers topics like research design and data analysis, which are essential for research. Taking this course may help aspiring Researchers to develop the skills they need to succeed in this role.

See salaries and explore the career path for Researcher

Business Analyst

Business Analysts use their understanding of business processes and data to identify and solve business problems. This course covers topics like data analysis and process improvement, which are essential for business analysis. Taking this course may help aspiring Business Analysts to develop the skills they need to succeed in this role.

See salaries and explore the career path for Business Analyst

Operations Research Analyst

Operations Research Analysts use mathematical and analytical methods to improve the efficiency of business operations. This course covers topics like constrained optimization, which is essential for solving complex business problems. Taking this course may help aspiring Operations Research Analysts to develop the skills they need to succeed in this role.

See salaries and explore the career path for Operations Research Analyst

Data Analyst

Data Analysts leverage methods from mathematics, statistics, and computer science to provide useful insights to businesses. This course can help aspiring Data Analysts to build a foundation in advanced economic concepts, such as national productivity, cross-country historical comparisons, and constrained optimization, which are all highly relevant to this role.

See salaries and explore the career path for Data Analyst

Policy Analyst

Policy Analysts research and analyze public policies to make recommendations to government officials. This course covers topics like public finance and economic development, which are essential for policy analysis. Taking this course may help aspiring Policy Analysts to develop the skills they need to succeed in this role.

See salaries and explore the career path for Policy Analyst

Market Research Analyst

Market Research Analysts study market trends and consumer behavior to help businesses make informed decisions. This course covers topics like utility and production functions, which are essential for understanding consumer behavior. Taking this course may help aspiring Market Research Analysts to develop the skills they need to succeed in this role.

See salaries and explore the career path for Market Research Analyst

Software Engineer

Software Engineers design, develop, and maintain software applications. This course covers topics like programming and data modeling, which are essential for software development. Taking this course may help aspiring Software Engineers to develop the skills they need to succeed in this role.

See salaries and explore the career path for Software Engineer

Financial Analyst

Financial Analysts use their understanding of economics and finance to make recommendations on investments and other financial decisions. This course covers topics like productivity, income inequality, and constrained optimization, which are all highly relevant to this role. Taking this course may help aspiring Financial Analysts to gain a deeper understanding of the economic factors that influence financial markets.

See salaries and explore the career path for Financial Analyst

Teacher

Teachers educate students at all levels, from elementary school to college. This course covers topics like lesson planning and classroom management, which are essential for teaching. Taking this course may help aspiring Teachers to develop the skills they need to succeed in this role.

See salaries and explore the career path for Teacher

Consultant

Consultants provide advice and guidance to businesses and organizations on a wide range of topics. This course covers topics like problem solving and communication, which are essential for consulting. Taking this course may help aspiring Consultants to develop the skills they need to succeed in this role.

See salaries and explore the career path for Consultant

Advanced Concepts in Economics

What you'll learn

Good to know

Save this course

Activities

Career center

Reading list

Share

Similar courses