Will “Economic Consultant” 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 Consultant”

• 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 advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
• Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
• Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.
• 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.
• Teach theories, principles, and methods of economics.
• Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
• Supervise research projects and students' study projects.
• Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
• 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.

Related Technology & Tools

• Personal computers
• Laptop computers
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• 10-key calculators
• Desktop computers

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