Will “Economists” 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

Also Known As…

• Research Analyst
• Project Economist
• Professor of Economics
• Professor
• Health Researcher
• Forensic Economist
• Economist
• Economic Consultant
• 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 Adviser
• Econometrician
• Business Economist
• Agricultural Economist

Tasks for “Economists”

• 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.
• Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
• Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.
• Teach theories, principles, and methods of economics.
• 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.
• Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.
• 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.
• Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.
• Supervise research projects and students' study projects.

Related Technology & Tools

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

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