Choosing a Degree Program

When you are making an important decision of selecting the right degree program, it is primarily important to consider the goal of that degree. In the past, students opted for subjects and fields that interested them. There were and still are, certain careers that demand only a specific level of competency and knowledge by virtue of a degree, thus, allowing students to investigate degree programs that they find academically interesting and challenging and not necessarily with a specific career in mind. But, with the increasingly saturated job markets and the current economic crisis, a high premium is placed on expertise through the right degree program and training. The job market is getting more and more competitive and specialized fields typically require an equally specialized degree in order to be successful.

Once you have decided on a career, the next question to tackle is then which degree to opt for. There a number of key factors to consider while doing so. Firstly, you will have to decide whether it is necessary and more practical to pursue a Certificate, Associate, or Bachelor education, or if a Master and Doctorate degree is what will make the difference to your future job prospects. Keep in mind your time commitments, monetary constraints as well as your practical academic goals when making your final choice and ask yourself the following questions:

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Monetary and fiscal policy switching.

Two THEMES RUN through policy analysis: rules determining policy choice are functions of economic conditions; those rules may change over time. The themes reflect the views that actual policy behavior is purposeful, rather than arbitrary, and that good policy adapts to changes in the structure of the economy or to improvements in understanding how policy affects the economy.

A growing body of evidence finds that policy reaction functions vary substantially over different periods in the United States. In light of this evidence of regime shifts, which is reviewed in Section 1, it is surprising that there is little formal modeling of environments where ongoing regime change is stochastic, and the objects subject to change are parameters determining how the economy feeds back to policy choice.

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The real effects of monetary policy in the European Union: what are the differences?

The advent of European Economic and Monetary Union (EMU) scheduled for the beginning of 1999 has sparked off a debate about the best way of conducting monetary policy in the euro area. One dimension of this discussion concerns the preferred framework for conducting monetary policy-that is, about whether the European Central Bank (ECB) ought to target inflation, monetary aggregates, or the exchange rate. A second is about differences in the effects of changes in monetary policy on activity in different EU countries, related to differences in the transmission mechanism.

Opinions have tended to be divided on the question of the preferred monetary policy framework for the euro area, although recently, there appears to be a consensus emerging in favor of informal inflation targeting, accompanied by monitoring of monetary aggregates and other indicators. In any event, policy discussions have in general tended to focus less on questions relating to the real effects of monetary policy in the EU than on the issue of the appropriate framework for conducting monetary policy in the euro area. This may be partly due to the fact that many of the issues pertaining to identification of the monetary transmission mechanism tend to be econometric rather than economic. Nevertheless, a proper understanding of possible differences in the effects of changes in monetary policy on activity among the EU countries is crucial for an appreciation of the difficulties that may arise from the implementation of a unified monetary policy throughout the euro area. And this issue is the main focus of the paper.

» Read more: The real effects of monetary policy in the European Union: what are the differences?

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