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Economist

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AVG. SALARY

$107,960

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EDUCATION

Master's degree

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JOB OUTLOOK

Stable

What They Do

Economists Career Video

Conducts research, prepares reports, or formulates 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.

This career is part of the Science, Technology, Engineering and Mathematics cluster Science and Mathematics pathway.

A person in this career:

  • Studies economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Conducts research on economic issues and disseminates research findings through technical reports or scientific articles in journals.
  • Compiles, analyzes, and reports data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
  • Supervises research projects and students' study projects.
  • Teaches theories, principles, and methods of economics.
  • Studies the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
  • Formulates recommendations, policies, or plans to solve economic problems or to interpret markets.
  • Explains economic impact of policies to the public.
  • Provides advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
  • Forecasts production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.

Working Conditions and Physical Demands

People who do this job report that:

  • You would sit most of the time. There's some walking and standing. You may have to lift and carry things like books, papers or tools weighing 10 lbs. or less.
  • Work in this occupation requires being inside most of the time
  • Work in this occupation involves sitting more than one-third of the time

Working in this career involves (physical activities):

  • Seeing clearly up close
  • Speaking clearly enough to be able to be understood by others
  • Identifying and understanding the speech of another person

Work Hours and Travel

  • Regular working hours and limited travel

Specialty and Similar Careers

Careers that are more detailed or close to this career:

  • Economic Analyst
  • Economic Consultant
  • Forensic Economist
  • Project Economist
  • Research Analyst
  • Economic Development Specialist
  • Research Associate
  • Revenue Research Analyst
  • Tax Economist