Economists conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. They may collect and process economic and statistical data using sampling techniques and econometric methods.
Economists are qualified individuals who study market activity and predict future trends for business decisions.
Their primary responsibilities in economist jobs include conducting surveys and utilizing various sampling techniques, conducting research on economic issues, studying economic and statistical data in areas of expertise such as finance, labour or agriculture, collecting and analyzing financial and political information, and studying the economic impact of laws and regulations, and more.
There are certain requirements to land an economist career path, such as a masters degree or Ph.D. Although, you can make it to some entry-level jobs (primarily in the government) even with a bachelor’s degree. Ambitious economists can gain experience from internships where the work involves gathering and analysing data, studying economic issues and trends, and writing reports on their findings
There are different types of economists depending on their area of specialization. They are microeconomists, financial economists, international economists, industry economists, labour economists, public finance economists, econometricians and academic economists.
Economists often possess qualities such as analytical, communication, critical thinking, detail-oriented, math, writing, organizational, interpersonal, problem-solving, time management, and judgement and decision-making skills.
The economist's salary in India varies substantially with education, experience and occupation.
Every career requires an element of study and academic qualification, and there can be several study routes and pathways you can take. In following any academic pathway you will study subjects that contribute to the specialised knowledge required to achieve your career goals. These qualifications provide a future employer with the evidence that you have the desired knowledge, understanding and experience of their industry, so it’s important to consider the various types of qualifications available to you and to understand how they can boost your career and create opportunities for you.
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