Nominal Interest: Recent Episodes
Economics Student Society of Australia (ESSA)
Nominal Interest is the brand new podcast by the Economics Student Society of Australia (ESSA). Each week, on Wednesdays at 7:00, we plan to dissect the news of the week in the worlds of politics, economics, pop culture and everything in between. We hope to bring an engaging, accessible and novel approach to the big stories as they happen, and we’re looking forward to joining in the discussion with you.
In this episode, Milena and Raymond from ESSA Clayton dive into the pressing issues surrounding Australia's economic landscape, from the current cost of living crisis to allegations of price gouging by supermarket giants. With special guest Martin Stirling, Head of Legal at Master Grocers Australia and an expert in employment and industrial law, the conversation navigates the complexities of competition policy and industrial regulations. Tune in as they dissect the challenges and opportunities facing businesses and consumers alike in today's economic climate.
As one of the top distributors of video games seeks to partner with arguably the most well-decorated creator of successful gaming franchises, this deal was deemed by many to be one that will reshape the present and future of gaming forever...unfortunately including the competition law authorities around the globe.
With the deal recently closing on the 13th of October in the UK, join us in retracing a conversation in late September with competition law specialist Professor Simon Vande Walle from the University of Tokyo, discussing the regulatory scrutiny around this literal game changing deal and its potential impact on gaming as we know it.Disclaimer: The views and opinions expressed in this podcast are solely those of the speakers and do not necessarily reflect the official policy or position of any institutions or organizations they represent.
Do I need to be good at maths? How do I pick my thesis topic? Can I choose what subjects I take? How will an Honours year help me in the future?
Joel is a current Honours student at UniMelb. And he's writing about a cricket rule change for his thesis – cool, right?! From Friday night drinks with the tight-knit Honours cohort, to trudging through macro algebra, hear him chat with Renee and Diego about what an Honours degree is REALLY like. Joel offers some amazing advice you do not want to miss!
Did you know that the education policy team at Deloitte Access Economics has a combination of economists, policy researchers, evaluators, social scientists and former teachers? Hear from William Gort, a Director at Deloitte Access Economics and his career journey which started from choosing to study an Economics Honours degree at ANU (over a career in film industry!!). How do policy makers balance conceptual modelling with the practicality of implementing a government policy? How has the education landscape has changed over the years? Are components of online learning here to stay? Tune in with Renee and Olivia for an episode packed with knowledge you wish you had known earlier.
Accounting? Consulting? Or even post-grad medicine? These were just some of the pathways Nick Fransen considered before undertaking Honours in economics. Now, he's an economist at the Productivity Commission working on exciting research in water policy, mental health policy, housing policy, and more. Join Ivy and Hachins for an unmissable conversation about moving interstate, the importance of having like-minded friends, and why co-curriculars are so important at uni – "Go 80% into four things rather than 100% into one."
This episode is oozing with liquid gold advice from Unisuper's State Manager Advice: Derek Gascoigne. Do you need to have your life plan sorted by 3rd year? What's the juicy goss from inside one of Australia's largest superannuation funds? Are soft skills actually the secret key to success in the professional world? Join Ellen and Thanh for an engaging, informative episode you do NOT want to miss!
Tune in with Renee and David to listen to French-Swedish economist and professor, Yves Zenou, discuss his research and application of network economics. What is a key player? How is research applied to theory – i.e. how can we help the Swedish police target criminal activity? Yves also explores the pros and cons of overseas study, life as a researcher, the importance of having a mentor, and tips for students considering a future in economics research.
Joining us all the way from Pakistan, Shabeeh Haider Raza is a recent Masters of Economics graduate specialising in Development Economics AND an ex-ESSA writer. Join Ivy and David as they chat with Shabeeh about the ups and down of his Masters journey, some fascinating Development Economics research, and why he has decided to relocate to work in Pakistan. Trust us when we say that Shabeeh has some words of wisdom you do not want to miss!
In this episode, we interview Jasmine Nguyen who is the Mayor of Brimbank. We discuss the interaction between federal, state and local governments in the formulation of economic policies for the nation, look at the budget constraints faced by local councils, and gain an understanding on how policies are debated and voted upon. We also cover Jasmine's time as a university student and what inspired her to run for Mayor.
Are Australia's supply chains weak? How has new data and technology shaped the future for debt financing? Do airports have too much market power? These are all the saucy topics that Catherine De Fontenay, Commissioner with the Productivity Commission (and former Associate Professor at Unimelb!) tackles on the day-to-day. In this episode we take a deep dive into the work-life of a full-time economics researcher and hear about what the Productivity Commission is all about, some of Catherine's favourite projects she's worked on, and how she approaches different research topics. We also get the tea on the best parts of being a researcher, receive some hot tips on how to survive university, and much much more!
RED LIGHT! GREEN LIGHT! Gaining media traction for his publication on Squid Game, Wayne Geerling returns to the ESSA podcast once more to talk game theory and the new frontier of teaching.
Squid Game sheds light on how people act — not always rationally. The series is about 456 contestants, who are in financial debt, competing in a series of deadly games to win a large sum of money.
Wayne briefly speaks about his teaching and more specifically his adoption of pop culture to teach economics and the progress that has been made in this area of teaching. Wayne also talks us through some scenes in squid game where game theory is present. He discusses scenes including red light green light, the marbles game and more and how game theory is (and is not) followed throughout the series! (refer to: https://www.economicsofsquidgame.com)
If you are interested in contributing to the Squid Game teaching repository or just have a great show that you are currently watching please contact Wayne Geerling on Linkedin or wayne.geerling@monash.edu.
In this episode we interview Rob and Sao about their experiences in the econometrics and economics honours program at Monash University. We demystify the mysterious honours year, the application process, the job prospects after completing honours, and how to get a supervisor. Come join us in this all encompassing episode which may help you decide if honours is for you!
For the summary and information sheet please find the copy here (https://tinyurl.com/essa-honours-podcast-info).
In this episode we interview Warwick Davis who is an economist for Frontier Economics. We discuss Warwick’s time as a university student and his experience as an economist in the private sector. He also describes the three main categories of projects taken on in this sector as well as some of the exciting projects he has worked on. This podcast then concludes with insightful advice for economics students, consulting in the future, and a few book recommendations!
In this episode, we interview Emma Grey who is the Manager of the Macroeconomic Policy & Forecasting Team at Deloitte Access Economics. Emma speaks about her career journey so far, starting from her studies at Monash University, to being a graduate at Deloitte and working her way up to Manager. She also unpacks what life is like working at Deloitte and more specifically, her role as an econometrician. Finally, we cover Emma’s opinions on how COVID-19 has impacted her role and the workplace, as well as any advice she has for young students looking to pursue economics as a career.
In this episode we interview Anthony Rossiter who is a Senior Economist for the Department of Treasury and Finance, Victoria. Anthony talks us through what work is like in the public sector and the various aspects of his job. Included in this episode, Anthony also describes the challenges of the COVID-19 pandemic and the process of creating public policy. To conclude, Anthony explains what has been learnt from dealing with COVID and what can be done to combat a future crisis.
This is the first episode of a 4-part series where we gain insight into a career in economics and where a major in economics could lead you to. For this episode we interview Wayne Geerling who is a senior lecturer in economics at Monash University. From disruptions such as COVID and the increase in connectedness of the world, Wayne speaks about his career and discusses the future of economics education moving on from 2020. To end, Wayne offers advice to students and how they can get the most out of their economics education.
In this episode of Conversations with ESSA, double degree students Orlando and Gabi explore the world of economics from the perspective of a student outside the commerce degree, and how economic skills and thinking can be applied to a multitude of different social, environmental, and political issues. With the goal of allowing you to understand the meaning and reasoning behind using economics to approach these different problems, you will be able to take these skills with you, so that you can become a more well rounded person!
In the last episode of this series, Michelle chats to Suvi an economist at the Productivity Commission. Having started as a grad in 2019 after graduating Monash, we pick Suvi's brain about all things working in economics as a young professional - why she chose economics, what her application process was life, and what a day in her life entails. We also chat about the economics Honours program at Monash and how that fits into the picture.
0:02 Intro
2:11 Why economics?
3:12 Jobs to consider in economics?
4:27 Why the Productivity Commission?
5:39 The graduate application process
8:21 Life as an economics grad
12:09 Expectations of a graduate
13:35 Learning process of a graduate
16:15 What do employers look for?
18:01 Honours in Economics
24:53 Graduate life
29:14 Top tips for future economists or enthusiasts
Huge thanks to the ESSA Committee for planning and producing this series!
What do we wish we knew before applying for internships? In this two part episode on internships, Michelle and Sasha delve deep into everything internship related: what it is, where you can apply, and the application process (start to finish).
In Part 2 we discuss our top tips and tricks for daunting assessment centres, how to approach interviews and finally, we reflect on our internships - including what you may expect to do in an internship, and how to make the most of it.
Time stamps:
00:52 Assessment centres
11:30 Interviews
32:32 How to do well in your internship
What do we wish we knew before applying for internships? In this two part episode on internships, Michelle and Sasha delve deep into everything internship related: what it is, where you can apply, and the application process (start to finish).
In Part 1 we explain the benefits of internships, places you can apply, the pre-requisites (do you really need a HD wam?) and the first stages of your application: online applications and those suspicious psychometric tests.
Time stamps:
0:02 Our background/experiences
4:07 What are internships and work integrated learning (WIL)
11:15 Timelines to apply and pre-reqs (including grades)
16:03 Application process outline
24:51 CV and cover letter
33:51 Psychometric testing
What opportunities are out there for us? What experiences do employers look for? In this episode, Rosie and Emma chat about all the different activities that you should get involved in to stand out from the crowd, from clubs and societies, part-time jobs, pre-penultimate programs and more.
As mentioned in the episode, make sure to check out Career Connect and their services (including Career Gateway!) to help build your skills and get your applications ready!
What exactly is economics? Why should you choose to study it? Lauren and Sasha debunk the mysteries of the major, including what skills you'll learn, what topics you'll cover and the all important question - how much maths is there?
The word ‘bias’ encompasses many forms. In your standard philosophy or legal classes, you may see bias presented in how it challenges notions of fairness and equity.
In this episode, Professor Jenny Williams presents the economic point of view when it comes to bias. She shines light into some of her own recent research with risky juvenile offending and drug substance abuse and how this all ties back to notions of causality vs correlation. In making this distinction she discusses the use of machine learning in identifying patterns and what the standard econometrician has to say about this.
So sit back, Join ESSA with its latest podcast
In this week's featured episode, we sit down with Professor Leslie Martin who shares her perspective on environmental economics. Discussed within this podcast are several, relevant concerns from climate change to decarbonisation to self-driving cars. Well acquainted with contemporary environmental economics, Professor Leslie draws on her consulting experience with the World Bank of Bolivia. This episode is not one to miss!
In the latest episode of ESSA's nominal interest podcasts, Amber and Aaron take a seat with Professor Nisvan Erkal to discuss her fuelled passion for experimental economics. In this episode, Nisvan shares her views on the changing field of industrial economics and how this is interconnected to other economic disciplines like behavioural economics and experimental economics. She shares her comments on the 'glass ceiling phenomenon' and shines light into some of the experiences she's accumulated over the past years. So what are you waiting for? It's time to put those headphones in and listen in!
In this episode, Amber and Carl sit down with the latest recipient of the Edward Brown Award for Teaching Excellence (2021), Associate Professor Mei Dong. With much talk about the future of the Australian economy in a post-pandemic world, Professor Mei shares some of her insights into her journey as a researcher. She also walks us through some of predictions about the future of cryptocurrencies, interest rate predictions along with the employability benefits of doing honours. As a much loved professor by her students, we guarantee that this episode is not one to miss!
Nominal interest podcasts is back again, bringing you a banging new episode with one of unimelb's favourite tutors, Daniel Tiong. In this episode, Daniel shares some of his most hilarious experiences of his BCom. With several years of experience as a tutor for undergraduate econometrics and economics, Daniel discusses from a tutor's perspective, his own study hacks!
Have you ever pondered taking up further study but are not sure on which pathway is right for you? Well, this may be the podcast that you looking for! In this episode, Amber and Ben sit down with Professor Paul Jensen to discuss his journey as a researcher and choices underlying one's decision to take further study.
Topics covered in this episode include:
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Employability prospects from pursuing further studies
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The merits of honours relative to PhD studies
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Tips and ideas to consider as a researcher
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Australian PhDs compared with PhDs in other countries
ESSA is back and bouncing with its podcast series! If you’re looking to learn more about the research of your favourite lecturers or the neat tricks observed in H1 performers, this may be the podcast for you!
In this episode, we sit down with Associate Professor David Byrne who discusses:
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The works of his current and past research
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Notable trends in H1 performers in econometrics 1
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His experiences as a researcher in Canada and Australia
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His tips and tricks in up skilling his programming skills
Join the Nomint team as we talk about waste in terms of material garbage and also racism!
Join Sam and the panel as we recap some recent auspol shenanigans (mostly involving Section 44), discuss the new outlook for central banks around the world while also concluding that millennials are ruining music!
Join Sam and the panel as we unpack what the budget means for you, from education to housing to welfare and a whole lot more inbetween. Has Scott Morrison produced a Budget that will meet with better reception than its predecessors? It’s Australia’s economic night of nights, and naturally ESSA has the information you need to know about it.
The Budget papers can be found here: http://www.budget.gov.au/
ABC “winner and losers” article is here: http://www.abc.net.au/news/story-streams/federal-budget-2017/2017-05-09/federal-budget-2017-winners-losers/8505738
*Please note due to a recording issue the episode may end abruptly