Will “Professor of Economics” 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
• Health Researcher
• Forensic Economist
• Economist
• Economic Consultant
• Economic Analyst
• Economic Analysis Director
• Trade Economist
• Tax Economist
• Social Economist
• Revenue Research Analyst
• Regional Economist
• Professor of Economics
• 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 Adviser
• Econometrician
• Business Economist
• Agricultural Economist

Tasks for “Professor of Economics”

• 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.
• 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 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.
• Teach theories, principles, and methods of economics.
• Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.
• Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
• Supervise research projects and students' study projects.
• Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.
• 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.

Related Technology & Tools

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

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