Profession business economics researcher

Business economics researchers conduct research on topics regarding economy, organisations, and strategy. They analyse macroeconomic and microeconomic trends and use this information to analyse the positions of industries or specific companies in the economy. They provide advice regarding strategic planning, product feasibility, forecast trends, emerging markets, taxing policies, and consumer trends.

Personality Type

• Investigative / Enterprising

Knowledge

• Financial markets

  The financial infrastructure which permits trading securities offered by companies and individuals govern by regulatory financial frameworks.

• Economics

  Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.

• Business management principles

  Principles governing business management methods such as strategy planning, methods of efficient production, people and resources coordination.

Skills

• Work in an economically efficient manner

  Perform work processes as efficiently as possible, avoiding the waste of materials, time, and energy as much as possible.

• Apply scientific methods

  Apply scientific methods and techniques to investigate phenomena, by acquiring new knowledge or correcting and integrating previous knowledge.

• Apply statistical analysis techniques

  Use models (descriptive or inferential statistics) and techniques (data mining or machine learning) for statistical analysis and ICT tools to analyse data, uncover correlations and forecast trends.

• Analyse market financial trends

  Monitor and forecast the tendencies of a financial market to move in a particular direction over time.

• Advise on economic development

  Advise organisations and institutions on the factors and steps they could take which would promote and ensure economic stability and growth.

• Execute analytical mathematical calculations

  Apply mathematical methods and make use of calculation technologies in order to perform analyses and devise solutions to specific problems.

• Forecast economic trends

  Gather and analyse economic data in order to predict economic trends and events.

• Analyse economic trends

  Analyse developments in national or international trade, business relations, banking, and developments in public finance and how these factors interact with one another in a given economic context.

• Conduct quantitative research

  Execute a systematic empirical investigation of observable phenomena via statistical, mathematical or computational techniques.

Optional knowledge and skills

Source: Sisyphus ODB