Economists

Course Advisor; United States; On-site; USD 58,130 - 182,560; Full time

Job summary

Course Advisor is seeking an Economist who will conduct research, prepare reports, and formulate plans to address economic issues. This role involves providing consultation to businesses and public agencies, forecasting trends, and supervising research projects. Ideal candidates will possess strong quantitative and analytical skills, effective writing abilities, and experience with statistical software. This position offers competitive salary and opportunities for growth in the field of economic consulting.

Qualifications

• Strong quantitative and analytical skills.
• Ability to write concise reports and present data.
• Familiarity with statistical software and econometric methods.

Responsibilities

• Conduct research and prepare reports on economic issues.
• Provide consultation on economic relationships.
• Forecast trends in production and consumption.

Skills

Mathematics

Critical Thinking

Reading Comprehension

Judgment and Decision Making

Active Listening

Writing

Tools

Microsoft Excel

Python

MATLAB

SQL

Microsoft Word

Job description

Economist

Definition 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.

What Do They Do?

• Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
• Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
• Supervise research projects and student study projects.
• Forecast production and consumption of renewable resources and supply, consumption, and depletion of non‑renewable resources.
• Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
• Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.

Skills for an Economist

• Mathematics: Using mathematics to solve problems.
• Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
• Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
• Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Writing: Communicating effectively in writing as appropriate for the needs of the audience.

Other Economist Job Titles

• Econometrician
• Economic Analysis Director
• Industrial Economist
• Revenue Research Analyst
• Labor Economist

Economist Job Outlook

In the United States, there were 21,300 jobs for Economist in 2016. New jobs are being produced at a rate of 6.1% which is above the national average. The Bureau of Labor Statistics predicts 1,300 new jobs for Economist by 2026. There will be an estimated 1,600 positions for Economist per year.

Average Salary of an Economist

Economists make between $58,130 and $182,560 a year. Economists working in the District of Columbia, Virginia, or Maryland make the highest salaries.

Tools & Technologies Used by Economists

• Microsoft Excel
• Microsoft Word
• Microsoft Office
• Microsoft PowerPoint
• Microsoft Outlook
• Web browser software
• Python
• Microsoft Access
• MySQL
• SQL
• MATLAB
• SAS
• Visual Basic
• SPSS Statistics
• UNIX
• R
• Minitab
• Stata
• Teradata Database