What does a Economist do?
|Citation||Retrieved in 2017 from BLS.org|
An economist studies the distribution and production of services, goods, and resources by analyzing data on economic issues and research trends. Economists may work in corporations, firms, and think tanks. Other economists are teachers while half of work in federal, state, or local government.
How to Become an Economist
An economist usually needs a master’s degree or Ph.D., but in the case of entry-level jobs, such as in government, a bachelor’s degree is acceptable. An advanced degree in economics with a bachelor’s degree that is strong in a mathematical background is very important. However, for many careers, a master’s degree or Ph.D. with graduate education and work experience is required, especially in international organizations, research, or business.
Job Description of an Economist
An economist researches and analyzes economic issues and advises governments, businesses, and individuals on economic topics. They prepare reports and charts to that forecast market trends. They also analyze various industries such as the environment, health, education, and development.
Some economists study the cost of energy or healthcare, while other economists watch and analyze exchange rates, employment levels, and business cycles. A few specialize in the effects of inflation, taxes, or interest rates. Often they will use spreadsheets, software programs, database management programs, and statistical analysis in their research. An economist should be skilled in communication, critical thinking, analytical, math, writing and be detail oriented.