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How to become Economist in 2024

Economist 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.

Economist is Also Know as

In different settings, Economist is titled as

  • Economic Analyst
  • Economic Consultant
  • Economic Development Specialist
  • Economist
  • Forensic Economist
  • Project Economist
  • Research Analyst
  • Research Associate
  • Revenue Research Analyst
  • Tax Economist

Education and Training of Economist

Economist is categorized in Job Zone Five: Extensive Preparation Needed

Experience Required for Economist

Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job.

Education Required for Economist

Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).

Degrees Related to Economist

Training Required for Economist

Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training.

Related Ocuupations

Some Ocuupations related to Economist in different industries are

What Do Economist do?

  • 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.
  • Explain economic impact of policies to the public.

Qualities of Good Economist

  • Written Comprehension: The ability to read and understand information and ideas presented in writing.
  • Speech Clarity: The ability to speak clearly so others can understand you.
  • Oral Comprehension: The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Mathematical Reasoning: The ability to choose the right mathematical methods or formulas to solve a problem.
  • Inductive Reasoning: The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
  • Deductive Reasoning: The ability to apply general rules to specific problems to produce answers that make sense.
  • Oral Expression: The ability to communicate information and ideas in speaking so others will understand.
  • Written Expression: The ability to communicate information and ideas in writing so others will understand.
  • Problem Sensitivity: The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
  • Fluency of Ideas: The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
  • Number Facility: The ability to add, subtract, multiply, or divide quickly and correctly.
  • Speech Recognition: The ability to identify and understand the speech of another person.
  • Near Vision: The ability to see details at close range (within a few feet of the observer).
  • Category Flexibility: The ability to generate or use different sets of rules for combining or grouping things in different ways.
  • Originality: The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
  • Information Ordering: The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
  • Flexibility of Closure: The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
  • Selective Attention: The ability to concentrate on a task over a period of time without being distracted.
  • Memorization: The ability to remember information such as words, numbers, pictures, and procedures.
  • Perceptual Speed: The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.
  • Far Vision: The ability to see details at a distance.
  • Speed of Closure: The ability to quickly make sense of, combine, and organize information into meaningful patterns.
  • Visualization: The ability to imagine how something will look after it is moved around or when its parts are moved or rearranged.
  • Time Sharing: The ability to shift back and forth between two or more activities or sources of information (such as speech, sounds, touch, or other sources).
  • Hearing Sensitivity: The ability to detect or tell the differences between sounds that vary in pitch and loudness.
  • Visual Color Discrimination: The ability to match or detect differences between colors, including shades of color and brightness.
  • Depth Perception: The ability to judge which of several objects is closer or farther away from you, or to judge the distance between you and an object.
  • Finger Dexterity: The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects.
  • Auditory Attention: The ability to focus on a single source of sound in the presence of other distracting sounds.
  • Trunk Strength: The ability to use your abdominal and lower back muscles to support part of the body repeatedly or continuously over time without "giving out" or fatiguing.
  • Wrist-Finger Speed: The ability to make fast, simple, repeated movements of the fingers, hands, and wrists.
  • Gross Body Equilibrium: The ability to keep or regain your body balance or stay upright when in an unstable position.
  • Extent Flexibility: The ability to bend, stretch, twist, or reach with your body, arms, and/or legs.
  • Night Vision: The ability to see under low-light conditions.
  • Peripheral Vision: The ability to see objects or movement of objects to one's side when the eyes are looking ahead.
  • Glare Sensitivity: The ability to see objects in the presence of a glare or bright lighting.
  • Sound Localization: The ability to tell the direction from which a sound originated.
  • Spatial Orientation: The ability to know your location in relation to the environment or to know where other objects are in relation to you.
  • Gross Body Coordination: The ability to coordinate the movement of your arms, legs, and torso together when the whole body is in motion.
  • Dynamic Flexibility: The ability to quickly and repeatedly bend, stretch, twist, or reach out with your body, arms, and/or legs.
  • Stamina: The ability to exert yourself physically over long periods of time without getting winded or out of breath.
  • Dynamic Strength: The ability to exert muscle force repeatedly or continuously over time. This involves muscular endurance and resistance to muscle fatigue.
  • Explosive Strength: The ability to use short bursts of muscle force to propel oneself (as in jumping or sprinting), or to throw an object.
  • Static Strength: The ability to exert maximum muscle force to lift, push, pull, or carry objects.
  • Speed of Limb Movement: The ability to quickly move the arms and legs.
  • Reaction Time: The ability to quickly respond (with the hand, finger, or foot) to a signal (sound, light, picture) when it appears.
  • Rate Control: The ability to time your movements or the movement of a piece of equipment in anticipation of changes in the speed and/or direction of a moving object or scene.
  • Response Orientation: The ability to choose quickly between two or more movements in response to two or more different signals (lights, sounds, pictures). It includes the speed with which the correct response is started with the hand, foot, or other body part.
  • Multilimb Coordination: The ability to coordinate two or more limbs (for example, two arms, two legs, or one leg and one arm) while sitting, standing, or lying down. It does not involve performing the activities while the whole body is in motion.
  • Control Precision: The ability to quickly and repeatedly adjust the controls of a machine or a vehicle to exact positions.
  • Manual Dexterity: The ability to quickly move your hand, your hand together with your arm, or your two hands to grasp, manipulate, or assemble objects.
  • Arm-Hand Steadiness: The ability to keep your hand and arm steady while moving your arm or while holding your arm and hand in one position.

Tools Used by Economist

  • 10-key calculators
  • Data scanners
  • Desktop computers
  • Laptop computers
  • Maintrame computers
  • Personal computers

Technology Skills required for Economist

  • Aptech Systems GAUSS
  • C++
  • Camfit Data Limited Microfit
  • Corel QuattroPro
  • Corel WordPerfect Office Suite
  • Econometric Software LIMDEP
  • ESRI ArcView
  • Estima Regression Analysis of Time Series RATS
  • Estimates Delivery System EDS
  • Formula translation/translator FORTRAN
  • Global Insight AREMOS
  • IBM Lotus 1-2-3
  • IBM SPSS Statistics
  • Insightful S-PLUS
  • LaTeX
  • MacKichan Software Scientific Notebook
  • Maplesoft Maple
  • Mathsoft Mathcad
  • MediaWiki
  • Microsoft Access
  • Microsoft Excel
  • Microsoft Internet Explorer
  • Microsoft Office software
  • Microsoft Outlook
  • Microsoft PowerPoint
  • Microsoft SQL Server
  • Microsoft Visual Basic
  • Microsoft Visual Basic for Applications VBA
  • Microsoft Visual C# .NET
  • Microsoft Word
  • Minitab
  • Mozilla Firefox
  • MySQL
  • Oracle Java
  • Palisade @Risk
  • Python
  • Quantitative Micro Software EViews
  • R
  • SAS
  • StataCorp Stata
  • Structured query language SQL
  • Tableau
  • Teradata Database
  • The MathWorks MATLAB
  • Timberlake Consultants OxMetrics
  • TreeAge Software TreeAge Pro
  • UNIX
  • UNIX Shell
  • Web browser software
  • Wolfram Research Mathematica