What does an Economist do?
Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.
- Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
- Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
- Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
- Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
- Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.
- Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy and present recommendations based on cost-benefit analyses.
- Supervise research projects and students' study projects.
- Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources.
- Teach theories, principles, and methods of economics.
- Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.
- Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
- Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.