What does an Economist do?

An economist is a social scientist who studies the production and distribution of goods and services.

Economist job duties include:

• Research and analyze economic issues
• Identify trends in economic data
• Develop models to forecast economic activity
• Advise clients on investment strategies
• Manage economic research projects
• Prepare reports and presentations on economic trends
• Testify before Congress on economic policy
• Teach economics at the college level
• Work as a consultant to businesses

Economist Job Requirements

Most economists need at least a master’s degree in economics, although some jobs may require a doctorate. Many colleges and universities offer undergraduate and graduate programs in economics. Some economists get a law degree or a Ph.D. in business administration, public administration, or mathematics to supplement their economics training.

Economists typically need at least 2 years of experience working in the field before they can advance to top positions. Many economists work as research assistants, statisticians, or financial analysts while they are completing their degree requirements and gaining experience.

Economist Skills

• Analytical skills
• The ability to think strategically
• Excellent communication skills
• The ability to lead and motivate others
• Excellent problem-solving skills
• Creativity
• The ability to work well under pressure
• The ability to make decisions quickly
• Excellent time management skills
• The ability to work independently
• The ability to multitask

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How to become an Economist

In order to become an economist, one must first obtain a bachelor’s degree in economics. Many colleges and universities offer economics programs that can be completed in four years. After completing a bachelor’s degree in economics, many people choose to obtain a master’s degree or doctorate in economics.

While completing an economics program, students should take courses that will provide them with strong analytical and critical thinking skills. In addition, students should try to get involved in research projects or internships so that they can gain real-world experience.

Once someone has obtained a degree in economics, they can begin working in various fields such as government, banking, consulting, or teaching. Economists typically work full-time jobs and may work long hours depending on the demands of their job. However, many economists also have the opportunity to work from home or have a flexible schedule.

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