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Economists

It's a bright outlook for

This career will grow rapidly in the next few years.

Learn more about what they do.

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. May collect and process economic and statistical data using sampling techniques and econometric methods.

Related: Business Teachers, Postsecondary Economics Teachers, Postsecondary Environmental Economists Financial & Investment Analysts Political Scientists

Industries: Government Professional, Science, & Technical Finance & Insurance

Summary
Details

Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.
Develop economic guidelines and standards, and prepare points of view used in forecasting trends and formulating economic policy.
Supervise research projects and students' study projects.
Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.
Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
Review documents written by others.
Explain economic impact of policies to the public.
Teach theories, principles, and methods of economics.
Explain economic impact of policies to the public.
Review documents written by others.
Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy, and present recommendations based on cost-benefit analyses.
Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.
Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.
Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

Systems Evaluation
- Measuring how well a system is working and how to improve it.
Social Perceptiveness
- Understanding people's reactions.
Technology Design
- Making equipment and technology useful for customers.
Monitoring
- Keeping track of how well people and/or groups are doing in order to make improvements.
Critical Thinking
- Thinking about the pros and cons of different ways to solve a problem.
Science
- Using scientific rules and strategies to solve problems.
Mathematics
- Using math to solve problems.
Active Listening
- Listening to others, not interrupting, and asking good questions.
Writing
- Writing things for co-workers or customers.
Operations Analysis
- Figuring out what a product or service needs to be able to do.
Management of Material Resources
- Managing equipment and materials.
Management of Financial Resources
- Making spending decisions and keeping track of what is spent.
Reading Comprehension
- Reading work-related information.
Operation and Control
- Using equipment or systems.
Time Management
- Managing your time and the time of other people.
Persuasion
- Talking people into changing their minds or their behavior.
Installation
- Installing equipment, machines, wiring, or computer programs.
Judgment and Decision Making
- Thinking about the pros and cons of different options and picking the best one.
Management of Personnel Resources
- Selecting and managing the best workers for a job.
Coordination
- Changing what is done based on other people's actions.
Active Learning
- Figuring out how to use new ideas or things.
Service Orientation
- Looking for ways to help people.
Equipment Maintenance
- Planning and doing the basic maintenance on equipment.
Troubleshooting
- Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
Repairing
- Repairing machines or systems using the right tools.
Quality Control Analysis
- Testing how well a product or service works.
Negotiation
- Bringing people together to solve differences.
Programming
- Writing computer programs.
Systems Analysis
- Figuring out how a system should work and how changes in the future will affect it.
Instructing
- Teaching people how to do something.
Operations Monitoring
- Watching gauges, dials, or display screens to make sure a machine is working.
Equipment Selection
- Deciding what kind of tools and equipment are needed to do a job.
Speaking
- Talking to others.
Learning Strategies
- Using the best training or teaching strategies for learning new things.
Complex Problem Solving
- Noticing a problem and figuring out the best way to solve it.

Problem Sensitivity
- Noticing when problems happen.
Inductive Reasoning
- Making general rules or coming up with answers from lots of detailed information.
Night Vision
- Seeing at night or under low light.
Oral Comprehension
- Listening and understanding what people say.
Category Flexibility
- Grouping things in different ways.
Manual Dexterity
- Holding or moving items with your hands.
Memorization
- Remembering words, numbers, pictures, or steps.
Perceptual Speed
- Quickly comparing groups of letters, numbers, pictures, or other things.
Multilimb Coordination
- Using your arms and/or legs together while sitting, standing, or lying down.
Rate Control
- Changing when and how fast you move based on how something else is moving.
Static Strength
- Lifting, pushing, pulling, or carrying.
Written Comprehension
- Reading and understanding what is written.
Arm-Hand Steadiness
- Keeping your arm or hand steady.
Glare Sensitivity
- Seeing something even if there is a glare or very bright light.
Trunk Strength
- Using your lower back and stomach.
Visual Color Discrimination
- Noticing the difference between colors, including shades and brightness.
Speech Recognition
- Recognizing spoken words.
Auditory Attention
- Paying attention to one sound while there are other distracting sounds.
Stamina
- Exercising for a long time without getting out of breath.
Written Expression
- Communicating by writing.
Originality
- Creating new and original ideas.
Deductive Reasoning
- Using rules to solve problems.
Spatial Orientation
- Knowing where things are around you.
Finger Dexterity
- Putting together small parts with your fingers.
Hearing Sensitivity
- Telling the difference between sounds.
Depth Perception
- Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
Extent Flexibility
- Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
Peripheral Vision
- Seeing something to your side when your are looking ahead.
Sound Localization
- Noticing the direction that a sound came from.
Speed of Closure
- Quickly knowing what you are looking at.
Response Orientation
- Quickly deciding if you should move your hand, foot, or other body part.
Control Precision
- Quickly changing the controls of a machine, car, truck or boat.
Oral Expression
- Communicating by speaking.
Fluency of Ideas
- Coming up with lots of ideas.
Information Ordering
- Ordering or arranging things.
Number Facility
- Adding, subtracting, multiplying, or dividing.
Time Sharing
- Doing two or more things at the same time.
Visualization
- Imagining how something will look after it is moved around or changed.
Mathematical Reasoning
- Choosing the right type of math to solve a problem.
Selective Attention
- Paying attention to something without being distracted.
Flexibility of Closure
- Seeing hidden patterns.
Gross Body Equilibrium
- Keeping your balance or staying upright.
Speech Clarity
- Speaking clearly.
Wrist-Finger Speed
- Making fast, simple, repeated movements of your fingers, hands, and wrists.
Dynamic Flexibility
- Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
Explosive Strength
- Jumping, sprinting, or throwing something.
Near Vision
- Seeing details up close.
Dynamic Strength
- Exercising for a long time without your muscles getting tired.
Far Vision
- Seeing details that are far away.
Speed of Limb Movement
- Quickly moving your arms and legs.
Gross Body Coordination
- Moving your arms, legs, and mid-section together while your whole body is moving.
Reaction Time
- Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.

Food Production
- Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
Transportation
- Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
English Language
- Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
Psychology
- Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
History and Archeology
- Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
Education and Training
- Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
Economics and Accounting
- Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
Design
- Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
Administrative
- Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
Medicine and Dentistry
- Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
Therapy and Counseling
- Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
Mechanical
- Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
Foreign Language
- Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
Telecommunications
- Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
Law and Government
- Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Building and Construction
- Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
Customer and Personal Service
- Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Production and Processing
- Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
Administration and Management
- Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
Computers and Electronics
- Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Personnel and Human Resources
- Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Geography
- Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
Philosophy and Theology
- Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
Sociology and Anthropology
- Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
Communications and Media
- Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
Biology
- Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
Public Safety and Security
- Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
Sales and Marketing
- Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
Engineering and Technology
- Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
Physics
- Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
Chemistry
- Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
Mathematics
- Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Fine Arts
- Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.

Education

Master's degree

Work Experience

No work experience

Training

No on-the-job training

Education and Training Opportunities

Washington Annual Salary

116390/yr

Washington Hourly Wage

55.96/hr

Currently Employed

520

Yearly Projected Openings

Investigative: People interested in this work like activities that include ideas, thinking, and figuring things out. They do well at jobs that need:

Achievement Orientation
Intellectual Curiosity
Integrity
Attention to Detail
Dependability
Innovation

Desktop calculator
Desktop computers
Mainframe computers
Notebook computers
Personal computers
Scanners

Analytical or scientific software
Business intelligence and data analysis software
Data base management system software
Data base user interface and query software
Desktop publishing software
Development environment software
Electronic mail software
Financial analysis software
Geographic information system
Internet browser software
Object or component oriented development software
Office suite software
Operating system software
Presentation software
Spreadsheet software
Web page creation and editing software
Word processing software

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