Will “Business Economist” 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 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
• Agricultural Economist

Tasks for “Business Economist”

• 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.
• 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.
• Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
• Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
• Supervise research projects and students' study projects.
• Teach theories, principles, and methods of economics.
• 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.
• Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.

Related Technology & Tools

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

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