Despite all the distractions, your phone is one of the most useful tools you have, whether you’re studying or working in the field. It’s just a matter of how you use it. With that in mind, we’ve compiled a list of applications that economists might find useful. They can help you find data, stay up to date, and process numbers on the go.
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Worldwide, business and financial news applications
This app from The Economist is dedicated to news and analysis of economic topics from around the world. It offers a selection of free articles from The Economist, as well as reports on current events, science, technology, and other news. You can save articles to read later and share them on social networks. If you are a regular reader of The Economist then this app is a must.
2. Yahoo Finance
One of the most popular financial apps is Yahoo Finance, which you can use to track the stocks you are interested in and get real-time stock market information. There is also a financial news section that has all the headlines you need to read to keep up with the current economy. The app is mainly aimed at investors, but with all this information, it is also useful for economists (especially from the financial industry) who want to keep up to date.
3. Casting box
A great way to keep up to date with the latest economic news and discussions is to listen to podcasts. Podcasts like Marketplace, Planet Money, or Bloomberg Take Stock are a great way to learn about current events from an economic perspective, and you can listen to them while you work out or move around the house. Castbox is a free and easy to use podcast app.
Another very popular financial app like Yahoo Finance is Bloomberg. This app has sections for business and finance news, market data, and portfolio tracking. The news section is also outstanding and offers analyzes and opinions.
Another fantastic place to look for economic data is the Federal Reserve Economic Database (FRED) app, which contains “nearly 810,000 economic data series from 108 regional, national, and international sources.” These data series include many economic indicators and variables such as interest rates, prices, international trade volume, etc. over time. The app is ideal for economists, financial industry professionals, academics and anyone interested in economic data.
The International Monetary Fund app, simply named “IMF”, contains news, press releases, podcasts, and more. It also contains a huge amount of economic data. One of the coolest features is the app’s data visualization tool; with it, users can easily visualize color maps, charts and graphs of world economic data with the touch of a finger. The app also contains country-level data across a wide range of statistics to dive deeper into specific regions. This is a great way to explore macroeconomic data in style.
Calculators and tools
7. PocketCAS lite for mathematics
If you are doing advanced calculations for data analysis, it is useful to have a scientific calculation app on your phone. The PocketCAS app (iOS only) has advanced features such as 2D and 3D plotting, computational operations, algebraic functions, and unit conversion. For advanced users of statistics, this application is a must.
8. HiPER Scientific Calculator
A free calculator option that can be used with Android, HiPER includes notation of expressions as fractions, symbolic algebra, integral and derivative functions, and up to 100 digits of value and 9 digits of exponent. It can also detect repeated decimals. There is also a Pro version which is a paid upgrade option.
9. Oanda currency converter
When you need to keep abreast of fluctuations in world currencies, it is useful to have all the important information in one place. This is what the Oanda currency converter offers, allowing you to keep track of daily rates for various currencies and including the ability to add a percentage to the rates to mimic the actual rate offered by banks and credit card companies.