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”

• Teach theories, principles, and methods of economics.
• Supervise research projects and students' study projects.
• 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.
• Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.
• 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.
• Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.
• Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
• Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
• 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.

Related Technology & Tools

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

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