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10 Most Useful Apps for Economics Students

10 Most Useful Apps for Economics Students

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10 Most Useful Apps for Economics Students

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  2. ECON ED • This app actually belongs to the Federal Reserve Bank of St. Louis. The app is amazing for providing economic curriculum to younger students just starting to explore the world of economics, allowing students to become more familiar with economic terms like purchasing power and inflation, and it provides brilliant examples in an easy to use format. Cost: Free

  3. YAHOO FINANCE • Yahoo Finance offers great financial reporting and many articles, analysis, and data about international financial markets. Yahoo makes the list because of its free service, and accurate data. While other sources are typically preferred, such as The Economist because of their reputation, Yahoo is a high credibility rating due to the quality of information. If you are conducting broader research, Yahoo is a wonderful service. Cost: Free • Track the performance of your personal portfolio.• Add stocks to watch lists to get real-time stock quotes and personalized news.• Find all the financial information you need with sleek, intuitive navigation.• Go beyond stocks and track currencies, bonds, commodities, equities, world indices, futures, and more.• Compare stocks with interactive full screen charts.• Sign in to view and edit your Web portfolio on the go.• Track holdings performance.

  4. STOCK MARKET HD • For the economist who prefers to study international finance, this application is an excellent way to stay updated on the stock prices currently on the market. Users can also examine the price change over time, making it an invaluable tool for those who need to have access to the history of particular stocks. This app is built primarily for investors, as its platform is designed to keep track of a user’s investment portfolio; however, it is still very useful for the average economist. Cost: Free

  5. STOCK WARS-VIRTUAL INVESTING • Ever wondered what it would be like to be an investor? Stock Wars provides this opportunity by allowing you to enter the realm of Wall Street and purchase imaginary stock with in game money. The simulation follows real market trends. As with all market simulation apps, it can be a bit buggy, and sometimes crashes on its users. However, if you are looking for some practice in the realm of market trends, this app is still a useful tool for understanding the ebb and flow of market behaviors. Cost: $1.99 • Create and manage your portfolio. • Learn about real-world investing and test practical stock trading strategies. • Create trader groups to compete with your friends.• Watch your performance against other traders.• Monitor other traders' investment strategy.• Add tag-based watch lists of stocks.

  6. KHAN ACADEMY • For newer students, Khan Academy is a great resource to learn about macro/micro economic principles. Khan Academy is a world famous learning platform, and can be considered the Duo lingo of learning social and physical sciences. While it may not be useful for Ph.D. students, Khan Academy provides a refresher service if you’ve forgotten what elasticity means, or how to plot marginal cost. Cost: Free

  7. EUROSTAT COUNTRY PROFILES • Eurostat maintains a large collection of country data for Apple and Android users. The economic data isn’t always completely up to date, so if you are looking for the most recent data, it is far better to use the Eurostat website, which is very user friendly. However, if you are looking for the most detailed information about the European economy and general economic trends, this app is the perfect place to go. Cost: Free

  8. BLLOMBRRG MARKETS • Bloomberg is one of the most trusted names in the international market place; indeed, their analysis on stock market prices and international trends are among some of the most accurate in the world, and their website is easy to use and very user-friendly. Bloomberg developed an app to make it easier for economists to use on their phones or computers, and it is just as easy to use as the online version. Cost: Free

  9. FRED APPLICATION • The US Federal Reserve offers several different apps to help augment an economist’s knowledge about current trends in the US and around the world. The Fed’s app is surprisingly user friendly, in comparison to the Federal Reserve’s website. The application is a great source of social and income date for US citizens, and even of the real estate market in the US. Cost: Free • Browse for data by category, release, source and popularity or search by keywords or series ID; • View and create custom graphs; • Store your favorite data series for quick and easy access; • Share your favorite data series or graphs via e-mail or post them directly to your Twitter or Facebook account;  • And receive the latest news on new data series , updates, and St. Louis Fed economic research.

  10. IMF REFERENCE AND WORLD BANK DATA FINDER • The International Monetary Fund and World Bank have developed apps that allow readers to easily find and reference data that they provide. These two international organizations are among the most prestigious in the world, and the most competitive. Therefore, these apps are incredibly useful tools for economic reference, as readers can count on the reliability of the data and its relevance. The best part? Cost: Free • News • Photos, videos and other multimedia• Data visualization• Country information and analysis• Social media• Publications• Events

  11. OANDA’S FOREX PLATFORM • OANDA, one of the most prestigious names in FOREX trading, has developed an app that can be used to track fluctuations in currency exchanges. The app even has a demo version, where users can use fake money indefinitely to purchase and sell currencies. The app in this sense is similar to Wall Street simulation games, but the real world value, and the knowledge gained by simulating this experience, is invaluable as well as fun. Be careful not to lose too much “money”! Cost: Free