As an economist you’ll use economic theories and knowledge to provide specialist advice, by studying data and statistics and using your understanding of economic relationships to uncover trends.
You’ll carry out considerable amounts of research and collect large amounts of information, which will then be used to assess feasibility, produce forecasts of economic trends, determine the implications of your findings and make recommendations of ways to improve efficiency.
Duties and Responsibilities
• devising methods and procedures for obtaining data
• understanding various sampling techniques that may be used to conduct different types of surveys
• creating, as well as using, various econometric modelling techniques to develop forecasts
• understanding and interpreting data
• analysing data to test the effectiveness of current policies, products or services and advising on the suitability of alternative courses of action and the allocation of scarce resources
• explaining research methodology and justifying conclusions drawn from research data
• providing economic advice to a range of stakeholders
• evaluating past and present economic issues and trends
• writing various technical and non-technical reports on economic trends and forecasts to inform the press and public
• delivering numerous oral and visual presentations, which non-economist audiences must be able to understand thoroughly in order to inform decisions.
• well-developed research skills including the ability to extract and analyse relevant data to make sound judgements
• skill with statistical information
• excellent written and spoken communication skills to convey complex ideas to people with varying levels of economic expertise
• the ability to build productive working relationships and work within a team
• excellent organisational and time management skills
• the ability to work alone under pressure, often to tight deadlines
• accuracy and attention to detail
• the ability to juggle and prioritise different tasks
• a genuine interest in economics
• self-reliance and motivation
• good IT skills