Will “Economic Analyst” be Replaced By Robots? 🤔

Job Description

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.

Job Details

• The SOC (Standard Occupational Classification) code is 19-3011.00
• The Mean Annual Wage in the U.S. is $ 112,860.00
• The Mean Hourly Wage is $ 54.00
• Currently, there are 19,380 people on this job

☝️ Information based on the reference occupation “Economists”.

Also Known As…

• Economists
• Research Analyst
• Project Economist
• Professor of Economics
• Professor
• Health Researcher
• Forensic Economist
• Economist
• Economic Consultant
• Economic Analysis Director
• Trade Economist
• Tax Economist
• Social Economist
• Revenue Research Analyst
• Regional Economist
• Price Economist
• Policy Officer
• Policy Analyst
• Policy Advisor
• Medical Economics Consultant
• Labor Economist
• International Trade Specialist
• Industrial Economist
• Health Economist
• Forest Economist
• Fiscal Economist
• Financial Economist
• Environmental Economist
• Economic Research Analyst
• Economic Development Specialist
• Economic Developer
• Economic Analyst
• Economic Adviser
• Econometrician
• Business Economist
• Agricultural Economist

Tasks for “Economic Analyst”

• 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.
• Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.
• Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
• Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
• Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
• 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.
• Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.
• Supervise research projects and students' study projects.
• 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.
• Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.

Related Technology & Tools

• Desktop computers
• 10-key calculators
• Personal computers
• Maintrame computers
• Laptop computers
• Data scanners

• Corel QuattroPro
• Econometric Software LIMDEP
• Structured query language SQL
• Microsoft Excel
• Insightful S-PLUS
• Quantitative Micro Software EViews
• MediaWiki
• Microsoft PowerPoint
• Microsoft Outlook
• Microsoft Visual Basic
• UNIX
• Web browser software
• Estima Regression Analysis of Time Series RATS
• Mathsoft Mathcad
• Maplesoft Maple
• Palisade @Risk
• Formula translation/translator FORTRAN
• Wolfram Research Mathematica
• ESRI ArcView
• Aptech Systems GAUSS
• StataCorp Stata
• SPSS
• Corel WordPerfect Office Suite
• The MathWorks MATLAB
• IBM Lotus 1-2-3
• Python
• Global Insight AREMOS
• Microsoft Visual C# .NET
• Mozilla Firefox
• MacKichan Software Scientific Notebook
• Camfit Data Limited Microfit
• Microsoft Internet Explorer
• Minitab
• TreeAge Software TreeAge Pro
• Microsoft Office
• LaTeX
• Timberlake Consultants OxMetrics
• C++
• Estimates Delivery System EDS
• Microsoft Access
• Oracle Java
• SAS
• Microsoft Word
• MySQL
• R