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”

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

Related Technology & Tools

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

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