Economist

Overview and Key Facts

economist writing

Education
Master's degree

Median Pay
$105,020

Job Growth
14.10%
(Above US Average)

Jobs in 2029
23,500

What Do They Do?

An economist could...

Overview
Listen to this section

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.

Do You Have the Skills and Characteristics of an Economist?


  1. Reading Comprehension: ?
  2. Critical Thinking: ?
  3. Mathematics: ?
  4. Writing: ?
  5. Judgment and Decision Making: ?

Core Tasks

Think about if you'd like the typical tasks an Economist might do:
  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.
  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
  • Supervise research projects and students' study projects.
  • Teach theories, principles, and methods of economics.
  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
  • Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
  • Explain economic impact of policies to the public.
  • Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
  • Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.
  • Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.

Salary & Job Openings

Steps to Get There: Becoming an Economist

Try it Out with an Activity or Project

On the Job

More Information

Please create a free account to view this career and access our full library of over 160 STEM careers.

Students    Teachers / Parents

With a free account you will have access to our full library of over 160 STEM careers. Each career profile includes detailed information to help you learn about a career and the requirements to get there. You can explore:

  • salary information by state
  • recommended high school coursework
  • fun projects and activities to test out a career
  • videos and interviews with professionals in the field
  • details on what a day on the job is like
Top
Free science fair projects.