Profession economic adviser

Economic advisers research economic developments and advise on economic problems. They forecast trends and behaviour in economics, and advise on finance, trade, fiscal and other related matters. They advise companies and organisations on techniques to gain economic profit.

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Personality Type

  • Investigative / Enterprising

Knowledge

  • Strategic planning

    The elements defining the foundation and core of an organisation such as its mission, vision, values, and objectives.

  • Financial forecasting

    The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.

  • Statistics

    The study of statistical theory, methods and practices such as collection, organisation, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments in order to forecast and plan work-related activities.

  • Company policies

    The set of rules that govern the activity of a company.

  • Organisational policies

    The policies to achieve set of goals and targets regarding the development and maintenance of an organisation.

  • Market analysis

    The field of market analysis and research and its particular research methods.

  • Business analysis

    The research field which addresses the identification of business needs and problems and the determination of the solutions that would mitigate or prevent the smooth functioning of a business. Business analysis comprises IT solutions, market challenges, policy development and strategic matters.

  • Economics

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

  • Politics

    The method, process and study of influencing people, gaining control over a community or society, and the distribution of power within a community and between societies.

Skills

  • Supervise advocacy work

    Manage the aim to influence political, economic and social decisions. Make sure ethics and policies are followed.

  • Monitor company policy

    Monitor the company's policy and propose improvements to the company.

  • Maintain financial records

    Keep track of and finalise all formal documents representing the financial transactions of a business or project.

  • Analyse market financial trends

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

  • Develop organisational policies

    Develop and supervise the implementation of policies aimed at documenting and detailing the procedures for the operations of the organisation in the lights of its strategic planning.

  • Think analytically

    Produce thoughts using logic and reasoning in order to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

  • Comprehend financial business terminology

    Grasp the meaning of basic financial concepts and terms used in businesses and financial institutions or organisations.

  • 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.

  • Carry out statistical forecasts

    Undertake a systematic statistical examination of data representing past observed behaviour of the system to be forecast, including observations of useful predictors outside the system.

  • 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.

  • 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.

  • Develop financial statistics reports

    Create financial and statistical reports based on collected data which are to be presented to managing bodies of an organisation.

  • Assess risk factors

    Determine the influence of economical, political and cultural risk factors and additional issues.

Optional knowledge and skills

analyse big data government policy implementation inspect government expenditures civil law present reports advise on legislative acts maintain relationships with government agencies advise on government policy compliance public finance report analysis results ensure information transparency maintain relations with local representatives liaise with local authorities advise on public finance scientific research methodology inspect government incomes