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”

• Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
• Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.
• Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
• Supervise research projects and students' study projects.
• 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.
• Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.
• 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.
• Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
• 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.

Related Technology & Tools

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

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