Economists
Human Advantage 67%
Significant human skills needed
AI Automation Risk Low Risk
2.6 / 10
This occupation requires complex human judgment, social interaction, and creative problem-solving that are difficult to automate.
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.
Also Known As: Agricultural Economist, Business Economist, Consultant Economist, Econometrician, Economic Advisor, Economic Analyst, Economic Consultant, Economic Developer +31 more
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Core Tasks
- Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
- 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.
- Explain economic impact of policies to the public.
- Review documents written by others.
- 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 students' study projects.
- Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.
- Develop economic guidelines and standards, and prepare points of view used in forecasting trends and formulating economic policy.
- Teach theories, principles, and methods of economics.
- 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.
- Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.
Supplemental Tasks (1)
- Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.
Emerging Tasks
New and evolving responsibilities for this role:
- Construct and manage economic datasets.
- Present research at seminars and conferences.
- Review documents written by others, such as referee reports.
Education & Training
Job Zone 5 Job Zone Five: Extensive Preparation Needed
Education: 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).
Experience: 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.
On-the-Job Training: 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.
Education Level Distribution
Percentage of workers in this occupation with each education level.
Relevant College Majors
- Economics, General CIP 45.1001Economic theory, markets, and policy analysis.
Technology & Tools
Hot Technologies
Software (51)
Tools & Equipment (6)
Where This Career Leads
Career progression organized by specialty track and experience level.
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