Profession economist

Economists conduct research, monitor data, analyse information and prepare reports and plans to resolve economic and business problems and develop models to analyze, explain and forecast economic behaviour and patterns. They provide advice to business, interest groups and governments to formulate solutions to present or projected economic and business problems.

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Personality Type

  • Investigative / Enterprising

Related professions finance, economics

  • Budget analyst
  • Debt, rent or cash collector
  • Econometrician
  • Finance or sales associate professional, all other
  • Financial advisor
  • Financial analyst
  • Financial clerk
  • Loan officer
  • Money changer
  • Money-lender
  • Personal financial advisor

Knowledge

  • 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.

  • Economics

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

  • Tax legislation

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

  • Commercial law

    The legal regulations that govern a specific commercial activity.

  • 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.

  • Business management principles

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

  • 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.

Skills

  • Execute analytical mathematical calculations

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

  • Perform scientific research

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

  • Conduct qualitative research

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

  • Apply scientific methods

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

  • 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.

  • 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.

  • Conduct quantitative research

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

  • 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.

Optional knowledge and skills

analyse financial performance of a company analyse market financial trends international import export regulations market analysis public law assess risk factors perform public relations sales promotion techniques write scientific papers develop economic policies project management advise on economic development civil law accounting techniques financial markets conduct public surveys write research proposals develop scientific theories forecast economic trends financial forecasting content marketing strategy financial analysis

Common job titles

  • Research analyst - office of the chief economist - washington, dc
  • Economist
  • Financial economist
  • Data scientist / statistician / economist
  • Economist/data scientist
  • Financial economist, nb-0110-6
  • Economic analyst
  • Fixed income research - g10 analyst/associate
  • Research assistant
  • Research analyst - economist