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Economics degrees

Name game

A degree in Economics

Name mark play

Luring students with
a new label

New bottles and old wines attract students

ECONOMISTS do not much like their discipline
being dubbed(
A dubbing; a title.) the dismal(Melancholy; gloomy, dull.)
science. Some American universities are paying more attention to the noun than
to the adjective. The reason is not philosophical, but pragmatic. Foreign STEM graduates (the acronym stands for science, technology, engineering and
mathematics) can get visa extensions for three years of practical training (ie,
work). Those from other disciplines are allowed only a year.

practical. abbreviated.”” after graduation visa”


Two more years working in America means
more earnings. It also means a better chance of finding an employer willing to
sponsor an application for an H-1B visa, the main starting-point
for skilled foreign workers who hope to settle permanently. In 2012 the Department of Homeland Security expanded the list of
STEM courses. Now any reasonably crunchy economics
degree can count as STEM with a tweak(
Torsional direction) to its
federal classification code, from economics (45.0601) to econometrics and
quantitative economics (45-0603).

H-1B visa employer — this visa is the main starting point for foreign skilled workers who wish to stay permanently in the US.2012 Homeland Security Bureau expandedSTEM the list of major. Now, any economics degree that uses the mathematical and statistical methods of normal degree can be regarded as a professional, as long as the federal classification code is changed a little.


Economics departments appear to be catching
on. Yale and Columbia have both changed the code for their
economics major in the past few months; five of the eight Ivy League Universities have now done so. Students at
Pennsylvania and Cornell are agitating for
a switch.

Yale University Ivy League anxious to look forward to


Universities are doubtless acting in
response to increased demand for H-1B visas. Just
65,000 are awarded by lottery each year to holders of bachelor’s
degrees. Their chance of success has been at best 30% in recent years. In 2011
the 65,000 visa cap was hit only in November. In 2017 it was hit on April 7th,
within a week of applications opening. Whether students are being taught
economics or econometrics, they are getting a fine worked example in regulatory

> a strategy for increasing visa demand. Obtain every yearbachelorA graduate of a degree can onlyBy drawing lotsFight for6.5.”2011 in the years.6.5 tens of thousands of visas to114 month”7” that is, only one week before the application is open. Whether students learn economics or econometrics, they have come to a good example of regulatory arbitrage.




From the notes for knowledge (Wiz)
Link of this Article: Economics degrees

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