Determine the ideal inter-bank-lending rate that will keep the economy growing at a healthy pace.
Evaluate if micro-loans (start-up investments for small international businesses) help combat poverty.
Investigate regional prison population growth so governments can budget for prisons and reform services.
Help governments plan their budgets by forecasting the future costs of education.
Overview
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Every country has resources—people, land, raw materials, capital, and machinery—and economists study how those resources are distributed to create the goods that people buy, and the services people need or want. In their studies, economists monitor economic trends and collect data on things like energy costs, inflation, interest rates, exchange rates, business cycles, taxes, and employment levels. Based on their analysis of this data, they develop forecasts of economic activity so that businesses and governments can better plan for the future.
Economist
Watch this video to see how economists study and predict the flow of money and resources.
Active Listening:?Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking:?Talking to others to convey information effectively.
Complex Problem Solving:?Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Active Learning:?Understanding the implications of new information for both current and future problem-solving and decision-making.
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