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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- Business management principles
Principles governing business management methods such as strategy planning, methods of efficient production, people and resources coordination.
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.
Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.
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
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- 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 skillsperform public relations advise on economic development analyse financial performance of a company project management financial forecasting conduct public surveys public law write scientific papers financial markets content marketing strategy sales promotion techniques accounting techniques develop economic policies develop scientific theories forecast economic trends market analysis civil law financial analysis analyse market financial trends write research proposals assess risk factors international import export regulations
Source: Sisyphus ODB