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Occupation information for

Economists
District Of Columbia

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description

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.

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details

Currently Employed: 5,240

Projected Annual Job Openings: 160

Typical Hourly Wage: $39.59 - $68.44

Typical Annual Salary: $82,400 - $142,400

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typical training

Typical education needed for entry: Master's degree

Typical work experience needed for a job in this occupation: None

Typical on-the-job training once you have a job in this occupation: None

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typical job duties

  • Teach theories, principles, and methods of economics.
  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
  • Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.
  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
  • Supervise research projects and students' study projects.
  • Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
  • Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.
  • 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.

tools & technology


Tools:
  • Desktop computers
  • Mainframe computers
  • Notebook computers
  • Personal computers
  • Scanners

Technology:
  • Analytical or scientific software
  • Internet browser software
  • Object or component oriented development software
  • Spreadsheet software
  • Word processing software

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