Will “Economic Analyst” 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
• Business Economist
• Agricultural Economist

Tasks for “Economic Analyst”

• Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
• Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
• Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
• Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.
• Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
• 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.
• Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.
• Teach theories, principles, and methods of economics.
• 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.
• Supervise research projects and students' study projects.

Related Technology & Tools

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

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