An Economist, or Research Economist, studies and analyzes the production and distribution of various goods and resources. Their main duties include gathering financial and socioeconomic data and statistics, advising organizations on effective business and financial decisions and building models for economic projections.
A Economist should be able to fulfill various duties and responsibilities. The following are some duties and responsibilities a Economist should be able to execute:
- Advise individuals, government and businesses on economic subjects.
- Write papers for academic journals and other media.
- Interpret and forecast the trends of the market by studying present and historical trends.
- Advise on solutions to economic problems for a company, government or think tank.
- Research economic issues such as consumer demand and sales to help the company maximize profits.
- Analyze collected data by using software, statistics and mathematical models.
A competitive Economist will have certain skills and qualifications, including:
- Economists who have critical thinking skills are able to apply logic and reasoning to solve complicated problems. This can include using data of the national economy and applying it to how it can affect the company itself.
- Economists need to express their findings in simpler terms to others including their managers and senior executives in an organization or business. They will make presentations and explain their reports or findings to people from various business and educational backgrounds.
- Economists also present their findings through writing. They create reports and research papers for clients or co-workers, as well as news media and/or governmental organizations.
