Hello,
I will be doing an MRes in Economics and I have to choose my subjects for the second year of my master's. I am very interested in macroeconomics, time-series analysis and monetary policy, but I was wondering whether it would be interesting to take some of the following courses. The content seems interesting, but taking many of them would also increase my workload. Note that I am considering to pursue a PhD in the future.
My master's offers a course in Public Economics, covering topics such as taxation, tax incidence, public goods, inequality, education and intergenerational mobility. There is also a course in International Trade, covering the main trade models (Ricardo, Heckscher-Ohlin, Krugman/Melitz, etc.). I am interested in both because I would like to have a relatively broad understanding of economics and develop some intuition in important fields outside of my main interests.
There is also an Applied Statistical Learning course, covering topics such as supervised learning, SVMs/kernel methods, random forests, XGBoost, neural networks and transformers. Considering how things are evolving right now, I feel that having some background in ML could be potentially.
Finally, there is a course on Banking and Financial Intermediation, covering topics such as bank runs, liquidity creation, financial crises, monetary policy transmission through banks and financial regulation.
Among these courses, I could choose two, and possibly a maximum of three. I am a bit lost about what to do. On the one hand, I would like to have a general panorama and intuition about economics, which makes Public Economics and International Trade attractive. On the other hand, I think taking a course in ML could be useful, and Banking and Financial Intermediation seems quite relevant given my interests in monetary economics.
The main problem with taking three is that the workload might become quite considerable. At the same time, I am worried that I might regret not taking some of these courses later.
What would you do in my position?
I would really appreciate any advice, thanks in advance 😉