Economist Job Description
If you are interested in analyzing data and understanding society trends, then your ideal career may be an economist. But in what area do you want to work? The career field is broad depending on your interests. Although all economists study and research how a society uses goods and services, they specialize in different areas like finance or trends.
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Demands
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Labor or demographic economists are experts on wages and employment supply and demand. For instance, demographic economists study labor trends to find out why employers are or are not hiring. They study immigration, age, education or population trends to find answers. Microeconomists also study supply and demand, but for businesses or individuals. They analyze economic issues such as at what price will consumers purchase good and services or how to increase profits.
Econometricians
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Econometricians use extensive math, such as calculus and regression analysis and other math theories to investigate all areas of economics. They use these techniques to explain business cycles, inflation and other types of economic occurrences.
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Finance
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Of course, many economists are experts in finance. Public finance economists look at the government's role in the economy. For instance, they are concerned with how policies, like a tax cut, change the economy. Financial or monetary economists study the banking system and various interest rates.
Markets
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Industrial or organizational economist may be the career for you if you are interested in market structures. Industrial economists study the competing firms' market decisions. Industrial economists also examine particular industries and their competitors and are concerned with antitrust policies.
Other
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If you like history, you might want to become a macroeconomist. Macroeconomists study historical trends. They look at the histories of unemployment, investments and other trends. International economists are concerned with other countries' financial and trade markets.
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