Economists :: Job Description

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Economists

Careers / Economists

Summary Description


	Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

Sample Job Titles

1.	Agricultural Economist

2.	Business Economist

3.	Econometrician

4.	Economic Adviser

5.	Economic Analysis Director

6.	Economic Analyst

7.	Economic Consultant

8.	Economic Developer

9.	Economic Development Specialist

10.	Economic Research Analyst

11.	Economist

12.	Environmental Economist

13.	Financial Economist

14.	Fiscal Economist

15.	Forensic Economist

16.	Forest Economist

17.	Health Economist

18.	Health Researcher

19.	Industrial Economist

20.	International Trade Specialist

21.	Labor Economist

22.	Medical Economics Consultant

23.	Policy Advisor

24.	Policy Analyst

25.	Policy Officer

26.	Price Economist

27.	Professor

28.	Professor of Economics

29.	Project Economist

30.	Regional Economist

31.	Research Analyst

32.	Revenue Research Analyst

33.	Social Economist

34.	Tax Economist

35.	Trade Economist

Job Tasks

	Teach theories, principles, and methods of economics. Instruct college students in social sciences or humanities disciplines.

	Study economic and statistical data in area of specialization, such as finance, labor, or agriculture. Review professional literature to maintain professional knowledge.

	Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals. Prepare scientific or technical reports or presentations.

	Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques. Forecast economic, political, or social trends.

	Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations. Conduct research on social issues.

	Supervise research projects and students' study projects. Supervise trainees.

	Formulate recommendations, policies, or plans to solve economic problems or to interpret markets. Advise others on matters of public policy.

	Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy. Establish standards for products, processes, or procedures.

	Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers. Advise others on business or operational matters.

	Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources. Forecast economic, political, or social trends.

	Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy and present recommendations based on cost-benefit analyses. Testify at legal or legislative proceedings.

	Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness. Prepare scientific or technical reports or presentations. Testify at legal or legislative proceedings.

Work Activities

Importance	Work Activity

Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.

Interacting With Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.

Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.

Updating and Using Relevant Knowledge — Keeping up-to-date technically and applying new knowledge to your job.

Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems.

Interpreting the Meaning of Information for Others — Translating or explaining what information means and how it can be used.

Thinking Creatively — Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.

Identifying Objects, Actions, and Events — Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.

Training and Teaching Others — Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.

Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.

Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work.

Provide Consultation and Advice to Others — Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.

Communicating with Persons Outside Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.

Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.

Developing Objectives and Strategies — Establishing long-range objectives and specifying the strategies and actions to achieve them.

Estimating the Quantifiable Characteristics of Products, Events, or Information — Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.

Judging the Qualities of Things, Services, or People — Assessing the value, importance, or quality of things or people.

Documenting/Recording Information — Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.

Guiding, Directing, and Motivating Subordinates — Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.

Coaching and Developing Others — Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.

Scheduling Work and Activities — Scheduling events, programs, and activities, as well as the work of others.

Coordinating the Work and Activities of Others — Getting members of a group to work together to accomplish tasks.

Evaluating Information to Determine Compliance with Standards — Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.

Performing Administrative Activities — Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.

Monitor Processes, Materials, or Surroundings — Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.

Developing and Building Teams — Encouraging and building mutual trust, respect, and cooperation among team members.

Selling or Influencing Others — Convincing others to buy merchandise/goods or to otherwise change their minds or actions.

Resolving Conflicts and Negotiating with Others — Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.

Staffing Organizational Units — Recruiting, interviewing, selecting, hiring, and promoting employees in an organization.

Monitoring and Controlling Resources — Monitoring and controlling resources and overseeing the spending of money.

Performing for or Working Directly with the Public — Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.

Nature of the Work


	(Abstract from Career Articles)

	Economists
	Economists study the production and distribution of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues.

	Read More >>

Working Conditions


	(Abstract from Career Articles)

	Economists
	Although the majority of economists work independently in an office, some collaborate with other economists and statisticians. Most economists work full time during regular business hours, but occasionally they work overtime to meet deadlines.

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Interesting Fact

Jim Morrison's (The Doors) father was an admiral in the U.S. Navy.

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