Economist Job Description
Job summary 1
The Economist will conduct industry, market, and economic studies to support organizational objectives or solutions. In this role, the individual will leverage varied data collection and statistical techniques, prepare results for interpretation, and share conclusions with stakeholders to shape potential strategies and enable continuous innovation.
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Job summary 2
As an Economist, you will be responsible for conducting and managing economic and financial analyses required for the assigned studies and research projects.
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Job summary 3
This Economist position will produce economic analysis, research, and statistics on existing and proposed tax legislation and revenue forecasts to support budget decision-making and the legislative process. Economists are the only participants in the group who have a full view of confidential tax data to inform their analysis.
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This role requires an individual with strong quantitative modeling skills and the ability to apply statistical/machine learning, econometric, and experimental design methods. The candidate should have strong communication skills to work closely with stakeholders to translate data-driven findings into actionable insights. The successful candidate will be a self-starter comfortable with ambiguity, with strong attention to detail, and the ability to work in a fast-paced and ever-changing environment.
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The Economist coordinates and participates in researching, analyzing, and interpreting economic and financial data used in developing statistical models, budget strategy, and analyzing the fiscal and operational performance of programs.
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The Economist applies a broad mix of economic and public policy skills in analyzing issues. The position requires competency in cross-examining company and intervention witnesses. Reviewing, analyzing, and preparing oral and written recommendations for the Commission on utility requests for changes in base rate revenue requirements, base revenue allocations, rate design, other surcharges, as well as financing agreements. The Economist also participates in all facets of assigned cases, including developing information requests, questioning expert witnesses during hearings, drafting memoranda and policy recommendations, as well as writing sections of orders.
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We're currently hiring an Economist to help us define the research questions that need to be answered to support businesses.
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Job summary 8
We are looking for Economist(s) to join our Economic Analysis and M&E Team.
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Job summary 9
The role is to lead and inspire teams across our company to solve important customer problems with data. The Economist will help to inform the development of and enable solutions that span the gamut in terms of analytic complexity from descriptive analytic insights to sophisticated algorithms or models. The economist will help, execute and coordinate analyses, models, and projects from hypothesis to delivery which reflect a deep knowledge of business questions and align with project and business objectives.
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We are looking for an Economist to join our team.
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Frequently asked questions
What does an economist do?
Economists study and analyze how societies, businesses, and individuals allocate resources, make decisions, and interact in the realm of production, consumption, and distribution of goods and services. Their work involves applying economic theories, quantitative methods, and data analysis to gain insights into various economic phenomena. The specific tasks and roles of economists can vary depending on their specialization and the sector they work in, but here are some common activities:
Research and Analysis: Economists conduct research to examine economic issues, trends, and policies. They gather and analyze data, develop economic models, and use statistical methods to understand and predict economic behavior.
Policy Development: Economists provide insights and advice to policymakers on various economic matters. They assess the impact of existing policies and propose recommendations to address economic challenges, such as inflation, unemployment, or inequality.
Forecasting and Trend Analysis: Economists use statistical models and data analysis to forecast economic trends and indicators, such as GDP growth, inflation rates, or employment levels. These forecasts help individuals and organizations make informed decisions.
Market Analysis: Economists study market dynamics, including supply and demand, pricing, and competition. They analyze market structures and assess factors influencing market behavior, such as consumer behavior, industry trends, or government regulations.
Cost-Benefit Analysis: Economists conduct cost-benefit analysis to evaluate the potential outcomes and impacts of policy decisions, investments, or projects. This analysis helps assess the efficiency and effectiveness of different options and informs decision-making processes.
Economic Impact Assessment: Economists assess the economic impact of various events, policies, or projects. They analyze how changes in factors such as taxes, trade policies, or technological advancements affect industries, regions, or the overall economy.
Econometric Modeling: Economists use econometric models to test economic theories and hypotheses. They apply statistical techniques to estimate relationships between variables, conduct hypothesis testing, and evaluate the validity of economic theories.
Writing and Presenting Findings: Economists prepare reports, research papers, and presentations to communicate their findings and recommendations. They disseminate their work to policymakers, business leaders, or the general public to inform decision-making and promote understanding of economic issues.
Consulting and Advisory Services: Some economists work as consultants or advisors for private firms, governmental organizations, or international bodies. They provide economic analysis, market research, and strategic advice to help clients navigate economic challenges and make informed decisions.
Teaching and Academia: Many economists work in academia as professors or researchers. They teach economics courses, mentor students, and conduct research to advance economic knowledge and contribute to the academic community.
Economists can specialize in various areas such as labor economics, international economics, development economics, environmental economics, financial economics, or health economics. Their work is essential in informing economic policy, business strategies, and understanding the complexities of the global economy.
What are the skills of an economist?
Economists require a combination of analytical, quantitative, and communication skills to excel in their profession. Here are some key skills that economists typically possess:
Analytical Thinking: Economists need strong analytical skills to examine complex economic data, identify patterns, and analyze cause-and-effect relationships. They can break down problems, evaluate alternative solutions, and provide evidence-based insights.
Quantitative and Statistical Skills: Proficiency in quantitative methods and statistical analysis is crucial for economists. They use mathematical models, econometric techniques, and statistical software to analyze data, estimate relationships, and derive meaningful conclusions.
Economic Modeling: Economists develop economic models to understand and simulate real-world economic phenomena. They need the ability to construct and interpret models that capture the dynamics of supply and demand, market behavior, and policy impacts.
Data Analysis: Economists work with large datasets and use data analysis techniques to extract meaningful insights. They should be skilled in data manipulation, cleaning, and applying statistical techniques to draw accurate conclusions.
Critical Thinking: Economists employ critical thinking skills to evaluate economic theories, models, and policies. They analyze assumptions, identify biases, and assess the strengths and limitations of economic arguments and evidence.
Research Skills: Economists are adept at conducting research and literature reviews to stay informed about current economic theories, trends, and empirical studies. They can identify relevant sources, synthesize information, and contribute to the body of economic knowledge.
Problem-Solving: Economists apply economic principles and methodologies to solve real-world economic problems. They develop innovative solutions, assess trade-offs, and evaluate policy options to address economic challenges effectively.
Communication Skills: Effective communication is vital for economists to present complex economic concepts and analysis to diverse audiences. They should be able to explain economic concepts clearly, write reports and research papers, and deliver presentations in a way that is accessible to both experts and non-experts.
Policy Analysis: Economists assess the impact of economic policies and propose policy recommendations. They need to understand policy frameworks, evaluate trade-offs, and communicate the potential consequences of different policy options.
Collaboration and Teamwork: Economists often work in interdisciplinary teams or collaborate with professionals from various fields. They should have strong interpersonal skills, the ability to work collaboratively, and contribute their economic expertise effectively in a team environment.
It's important to note that the specific skills required may vary depending on the economist's area of specialization, such as macroeconomics, microeconomics, development economics, or labor economics. Additionally, staying updated with the latest economic research, industry trends, and technological advancements is essential for economists to continually enhance their skills and knowledge.