| Economists
study how society distributes scarce resources such as land, labor,
raw materials, and machinery to produce goods and services. They
conduct research, collect and analyze data, monitor economic trends,
and develop forecasts. They research issues such as energy costs,
inflation, interest rates, imports, or employment levels.
Economics is a social science focusing on the economic well-being of
society.
Most economists are concerned with
practical applications of economic policy. They use their
understanding of economic relationships to advise businesses and other
organizations, including insurance companies, banks, securities firms,
industry and trade associations, labor unions, and government
agencies. Economists use mathematical models to help predict answers
to questions such as the nature and length of business cycles, the
effects of a specific rate of inflation on the economy, or the effects
of tax legislation on unemployment levels.
Economists devise methods and
procedures for obtaining the data they need. For example, sampling
techniques may be used to conduct a survey, and various mathematical
modeling techniques may be used to develop forecasts. Preparing
reports, including tables and charts, on research results is an
important part of an economist’s job. Presenting economic and
statistical concepts in a clear and meaningful way is particularly
important for economists whose research is directed toward making
policies for an organization.
Career Sources and Professional
Organizations
Sample Job Titles
| Entry
Level: |
Experienced: |
| |
Credit
Analyst |
|
Controller |
| |
Economic
Analyst |
|
Economist |
| |
Financial
Analyst |
|
Investment
Banker |
| |
Management
Trainee |
|
Managing
Consultant |
| |
Trade
Specialist |
|
Market
Research Analyst |
| |
Trust
Officer |
|
Marketing
Manager |
| |
Underwriters |
|
Survey
Researchers |
Enhancing Employability
- Participate in internships
- Computer-related skills
- Graduate degree for advancement
- Acquire advanced sophisticated
math and statistical knowledge
- Strong problem-solving,
decision-making skills
- Ability to think in theoretical
terms and apply to practical situations
- Ability to communicate ideas in
writing, visually and verbally
- Strong ability to work under
pressure
- Strong research skills
|
