Will “Economic Consultant” 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 Analyst
• 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 Consultant
• Economic Adviser
• Econometrician
• Business Economist
• Agricultural Economist

Tasks for “Economic Consultant”

• 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.
• 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.
• Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.
• Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.
• Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
• Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
• Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
• 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.
• Supervise research projects and students' study projects.

Related Technology & Tools

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

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