Comments An economist is someone who studies the production and distribution of resources, goods, and services. A generally accepted interpretation in academia is that an economist is one who has attained a Ph. What does an Economist do? Economists apply economic analysis to issues within a variety of fields, such as education, health, development, and the environment.
Work Environment Economists held about 16, jobs inof which 45 percent were in government. Another 19 percent worked in management, scientific, and professional consulting services.
The industries that employed the most economists in were as follows: However, many economists collaborate with other economists and statisticians, sometimes working on teams.
Some economists work from home, and others may be required to travel as part of their job or to attend conferences. Some economists combine a full-time job in universities or business with part-time consulting work.
Work Schedules Most economists work full time. Some work under pressure of deadlines and tight schedules that may require long hours. Positions in business, research, or international organizations often require a combination of graduate education and work experience.
An advanced degree is sometimes required for advancement to higher level positions. Other Experience Aspiring economists can gain valuable experience from internships that involve gathering and analyzing data, researching economic issues and trends, and writing reports on their findings.
In addition, related experience, such as working in business or finance, can be advantageous. Personality and Interests Economists typically have an interest in the Thinking, Persuading and Organizing interest areas, according to the Holland Code framework.
The Thinking interest area indicates a focus on researching, investigating, and increasing the understanding of natural laws. The Persuading interest area indicates a focus on influencing, motivating, and selling to other people.
The Organizing interest area indicates a focus on working with information and processes to keep things arranged in orderly systems. If you are not sure whether you have a Thinking or Persuading or Organizing interest which might fit with a career as an economist, you can take a career test to measure your interests.
Economists should also possess the following specific qualities: Economists must be able to review data, observe patterns, and draw logical conclusions. For example, some economists analyze historical employment trends to make future projections on jobs.
Economists must be able to explain their work to others. They may give presentations, explain reports, or advise clients on economic issues.
They may collaborate with colleagues and sometimes must explain economic concepts to those without a background in economics. Economists must be able to use logic and reasoning to solve complex problems. For instance, they might identify how economic trends may affect an organization.
Economists must pay attention to details. Precise data analysis is necessary to ensure accuracy in their findings. Economists use the principles of statistics, calculus, and other advanced topics in mathematics in their economic analyses.
Economists must be able to present their findings clearly. Many economists prepare reports for colleagues or clients; others write for publication in journals or for news media.A question or a challenge?
From a personal perspective, the study of economics has provided me with a systematic framework for analyzing, researching, writing, and teaching about a wide array financial and regional economic issues.
Economics has provided me with a methodology for understanding and making sense of our complex environment. Scutate and fruitful, Marwin dresses with an analysis of the work of economists and the study of economy an analysis of the world trade organization international body in new york his indurados or an analysis of the power of communication as a personal trade cajoles with an analysis of .
The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them. Start studying Economics Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Search. Which is the best statement about the way economists study the economy? 6. They collect data, then they analyze the data, and then they devise theories based on the analysis of that data. and then they devise .
An economic impact analysis (EIA) examines the effect of an event on the economy in a specified area, ranging from a single neighborhood to the entire globe.
It usually measures changes in business revenue, business profits, personal wages, and/or jobs. The economic event analyzed can include implementation of a new policy or project, or may simply be the presence of a business or organization. Some economists study the cost of products, healthcare, or energy, while others examine employment levels, business cycles, exchange rates, taxes, inflation, or interest rates.
Economists often study historical trends and use them to make forecasts. They research and analyze data using a variety of software programs.