// 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.

forecasting changes in the economic environment for short-term budgeting, long-term planning and investment evaluation

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