forecasting changes in the economic environment for short-term budgeting, long-term planning and investment evaluation
// Unit group · 2631
Economists
Economists conduct research, monitor data, analyse information and prepare reports and plans to resolve economic and business problems and develop models to analyse, explain and forecast economic behaviour and patterns. They provide advice to business, interest groups and governments to formulate solutions to present or projected economic and business problems.
2 Professionals / 26 Legal, Social and Cultural Professionals / 263 Social and Religious Professionals / All level 4
// Working conditions
// Hand tools
No hand tools in this set.
formulating recommendations, policies and plans for the economy, corporate strategies and investment, and undertaking feasibility studies for projects
monitoring economic data to assess the effectiveness, and advise on the appropriateness, of monetary and fiscal policies
forecasting production and consumption of specific products and services based on records of past production and consumption and general economic and industry-specific conditions
preparing forecasts of income and expenditure, interest rates and exchange rates
analysing factors that determine labour force participation, employment, wages, unemployment and other labour market outcomes
applying mathematical formulae and statistical techniques and apply to test economic theories and devise solutions to economic problems
compiling, analysing and interpreting economic data using economic theory and a variety of statistical and other techniques
evaluating the outcome of political decisions concerning public economy and finances and advising on economic policy and possible courses of action in the light of past, present and projected economic factors and trends
preparing scholarly papers and reports
examining problems related to the economic activities of individual companies
conducting research on market conditions in local, regional or national areas to set sales and pricing levels for goods and services, to assess market potential and future trends and to develop business strategies.
Included occupations
Examples of the occupations classified here:
- Econometrician
- Economic adviser
- Economic analyst
- Economist
- Labour economist
Excluded occupations
Some related occupations classified elsewhere:
- Statistician - 2120
Indexed job titles 9
- Adviser, economicISCO-88 2441
- Adviser, economic policyISCO-88 2441
- Analyst, business: economicsISCO-88 2441
- Analyst, economicISCO-88 2441
- Consultant, economic developmentISCO-88 2441
- EconometricianISCO-88 2441
- EconomistISCO-88 2441
- Economist, labourISCO-88 2441
- MacroeconomistISCO-88 2441