Will “Industrial 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
• 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 “Industrial Economist”

• Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
• Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.
• Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
• Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.
• Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
• 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.
• 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.
• Supervise research projects and students' study projects.
• Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
• Teach theories, principles, and methods of economics.
• Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

Related Technology & Tools

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

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