17 votes

Most common programs used by Economists

In the ReplicationWiki (that I work on) we have a list of software packages that were used in more than 2000 empirical studies, mainly in the American Economic Review, American Economic Journals and ...
Jan Höffler's user avatar
16 votes

R or Python for private sector economist/strategist

If you already know how to code in MATLAB then python is more similar to it than R so I would say you will have easier time to transitioning there. Otherwise, both R and Python are programming ...
1muflon1's user avatar
  • 56.4k
12 votes
Accepted

Visualization tools for game theory: Decision trees

LaTeX with forest The forest package of LaTeX allows you to draw game trees with pretty simple syntax. After copying a pre-set ...
Herr K.'s user avatar
  • 15.4k
7 votes

Visualization tools for game theory: Decision trees

Mathematica has a graph building and drawing capability. So, if you built the graph in Mathematica, then you could plot it using settings of your choosing. In Mathematica, you might use the ...
Lassie Fair's user avatar
  • 1,718
6 votes

Game theory software

I have used gambit (python) in the past and could recommend it. It also includes a small GUI which makes things very intuitive. R also has GameTheory if you prefer this platform instead
caverac's user avatar
  • 1,216
6 votes

R or Python for private sector economist/strategist

I would like to add on to the previous post from 1muflon1. Total agree with the post and I will try not to repeat anything said but I feel there is some additional information that is worth ...
Mike J's user avatar
  • 1,471
5 votes

Current status and trends in the choice of software for teaching econometrics

In 2008 the American Economic Association (AEA) created a reproducible research requirement about posting the code and the data for their papers. According to analysis done by the AEA Data Editor ...
BKay's user avatar
  • 16.3k
5 votes

Game theory software

Game theory explorer (GTE) offers a web-based solver that searches for Nash equilibria of the inputted games. Its documentation highlights the main differences between GTE and Gambit: Gambit has ...
Herr K.'s user avatar
  • 15.4k
5 votes
Accepted

What are the advantages using Otree to progam economic experiments?

One irreducible advantage of oTree over z-Tree is that you can easily reuse/imply the entire trajectories of results per entity (session/group/player) when doing repeated games. With z-Tree, it is ...
keepAlive's user avatar
  • 1,425
4 votes
Accepted

How to create a Budget line in excel or R

Another R code that does it... ...
snoram's user avatar
  • 1,007
4 votes

Visualization tools for game theory: Decision trees

If you use LaTeX, you can also draw game trees with the istgame package, which is based on TikZ. The manual contains lots of examples with full codes including: ...
InSung Cho's user avatar
4 votes

What is the Thomson Reuters tool that is used in universities?

It is a huge financial database which consents you to export data easily via the datastream tool for excel. There you can find common data (such as those available via online databases, e.g. yahoo ...
Kolmogorovwannabe's user avatar
4 votes

Current status and trends in the choice of software for teaching econometrics

At McMaster University in Canada (#4 in Canada for research and #98 worldwide) both undergraduate and graduate (MA and above) economics programs utilize STATA for econometrics for its ease of use (...
KeithRoberts's user avatar
3 votes

Current status and trends in the choice of software for teaching econometrics

In my experience in Ecomomics I would say Stata and Matlab. Stata is widely used at the undergrad level and for microeconometrics, while Matlab is introduced more at the postgrad level for general ...
Ali's user avatar
  • 852
3 votes

How to create a Budget line in excel or R

If you want to draw a budget constrain which takes $m$, $p_1$ and $p_2$ as inputs, this is a R code that does it: ...
luchonacho's user avatar
  • 8,591
3 votes
Accepted

Software to simulate the effects of interest rates on an economy?

Unfortunately, the answer is so broad I'm not sure how useful it may be. First things first, you'd need a model for the economy. There are various around, in the last few years DSGE models like RBCM ...
one_teach_wonder's user avatar
3 votes

A graphic calculator for simple microeconomics problems

I have used https://www.mathcha.io to plot this picture:
Amit's user avatar
  • 8,476
3 votes

Most common programs used by Economists

Just as an addition to all mentioned above and because the original question is about environmental economics: in that context GAMS is used quite a bit. In fact Nordhaus celebrated DICE model that is ...
Maarten Punt's user avatar
  • 2,375
3 votes

Resources to derive economic forecasts

You can find excellent examples of codes for DSGE models as well as VAR on QuantEcon. For example, here is an example of VAR model in Python, and here is an example of some simple DSGE model. The ...
1muflon1's user avatar
  • 56.4k
3 votes

Resources to derive economic forecasts

For forecasting with VAR in R there are some good tutorials on econometrics with R. This tutorial from Justin Eloriaga also helped me when we had to make VAR for our quantitative macro assignment. ...
csilvia's user avatar
  • 2,735
2 votes

How does GNU software development sustain economically?

Open-source software development is done for diverse reasons, but it's a common misunderstanding that it's done primarily by hobbyists or professionally but as a side-project. I'm answering this ...
user149485's user avatar
2 votes

Matlab code example for piecewise linear approximation and Euler Equation Iteration

Two suggestions: First, try some of the sample code at this website. It builds simple Euler equation iteration methods from scratch in Matlab. Second, try the sample code here. You will need to ...
James Graham's user avatar
2 votes

Visualization tools for game theory: Decision trees

Just for your convenience If you are interested in the istgame package, you can do like this (to draw Amit's examples): For the centipede game: ...
InSung Cho's user avatar
2 votes

Visualization tools for game theory: Decision trees

I have used LaTeX with tikz package. The following code is used to generate this Centepede Game : ...
Amit's user avatar
  • 8,476
2 votes

Why there are no famous software/IT companies in Europe? (unlike USA)

In Europe there is typical more regulations and more and higher taxes on profits, financial transactions, and on products and services. This means there is less incentive for entrepreneurs to create ...
Pedro Gomes's user avatar
2 votes
Accepted

Recommended ratio of sells of software of basic and advance edition

I like this question because it provides an opportunity to showcase how one can use the simplest of mathematical analysis, full of simplifying assumptions, and still get something useful/applicable. ...
Alecos Papadopoulos's user avatar
2 votes
Accepted

Which database language and database management system should an economics student learn? (Provided that one has to be learned)

First, some clarity. The standard language used for interfacing with a DBMS is SQL. However, its syntax and functions slightly vary according to the DBMS system you are interfacing with. The most ...
anardin's user avatar
  • 56
2 votes

What are the advantages using Otree to progam economic experiments?

The main advantage of oTree is that it works for both offline and online experiments. In contrast, zTree must be run offline. So oTree is more flexible. Even if your current experiment will be run in ...
afreelunch's user avatar

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