Profession economist

Economists perform research and develop theories in the field of economics, whether for microeconomic or macroeconomic analysis. They study trends, analyse statistical data, and to some extent work with economic mathematical models in order to advise companies, governments, and related institutions. They advise on product feasibility, trend forecasts, emerging markets, tax policies, and consumer trends.

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Personality Type

• Investigative / Conventional

Knowledge

• Business management principles

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

• 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.

• Scientific research methodology

  The theoretical methodology used in scientific research involving doing background research, constructing an hypothesis, testing it, analysing data and concluding the results.

• Commercial law

  The legal regulations that govern a specific commercial activity.

• Tax legislation

  Tax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.

• Economics

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

• Mathematics

  Mathematics is the study of topics such as quantity, structure, space, and change. It involves the identification of patterns and formulating new conjectures based on them. Mathematicians strive to prove the truth or falsity of these conjectures. There are many fields of mathematics, some of which are widely used for practical applications.

Economist - Career Profile

Quick Facts:

PhD degree $100K Low Balance Medium Demand

In-Demand Skills:

microsoft excel economy management skills economics sas programming analysis budgets research

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Skills

• 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.

• Apply scientific methods

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

• Perform scientific research

  Gain, correct or improve knowledge about phenomena by using scientific methods and techniques, based on empirical or measurable observations.

• Provide cost benefit analysis reports

  Prepare, compile and communicate reports with broken down cost analysis on the proposal and budget plans of the company. Analyse the financial or social costs and benefits of a project or investment in advance over a given period of time.

• 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.

• Conduct qualitative research

  Gather relevant information by applying systematic methods, such as interviews, focus groups, text analysis, observations and case studies.

• Execute analytical mathematical calculations

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

Optional knowledge and skills

Source: Sisyphus ODB