Economist Jobs – Are You Interested in Becoming an Economist?

Economists are responsible for looking at how civilizations and societies utilize human resources, materials, machinery, and land, in order to produce various goods and services. These professionals will analyze data and economic trends in order to provide metrics for a number of different statistics, such as employment levels, taxes, inflation, and interest rates.

Economists will typically use sampling techniques and statistical modeling in order to develop economic forecasts, and they will prepare results using tables and charts that clearly demonstrate a statistical concept. They will usually specialize in a particular field of economics, such as microeconomics, which will study supply and demand in small firms and that of individuals.

Organizational economists will study the market in a competitive industry in order to help firms compete, and macroeconomists will study historical trends and apply them to the economy as a whole. Internationally, they will study the global financial markets in order to determine the effects that exchange rates and tariffs have on society, while labor best economist will study the contrast between labor demand and labor supply. Public finance economists will study how tax cuts and budget deficits effect the well being of the economy, and econometricians will be involved in studying mathematical techniques such as game theory and how it applies to life. Most of these professionals will work 40 hours a week in an office environment conducting statistical research and using computer technology. Economic work may involve deadlines which will result in overtime, and they may need to travel to attend a number of meetings and conferences. Those with a bachelors degree in economics will frequently have a number of employment possibilities, as long as they have good analytical skills. In 2006, these professionals had about 15,000 jobs in America, with the Federal government employing over 50% of these individuals. The private sector held the remaining amount of economist jobs, with individuals frequently working as consultants to businesses in order to predict future business trends. Job growth in this field is expected to grow at an average pace in order to keep up with the rate of population growth. In 2008, the middle 50th percentile of economists made between $55,740 and $103,500, and the Federal government reported in 2007 that those with a master’s degree received an average annual salary of $43,731.  

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