Will “Industrial Economist” be Replaced By Robots? 🤔

Job 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.

Job Details

• The SOC (Standard Occupational Classification) code is 19-3011.00
• The Mean Annual Wage in the U.S. is $ 112,860.00
• The Mean Hourly Wage is $ 54.00
• Currently, there are 19,380 people on this job

☝️ Information based on the reference occupation “Economists”.

Also Known As…

• Economists
• Research Analyst
• Project Economist
• Professor of Economics
• Professor
• Health Researcher
• Forensic Economist
• Economist
• Economic Consultant
• Economic Analyst
• Economic Analysis Director
• Trade Economist
• Tax Economist
• Social Economist
• Revenue Research Analyst
• Regional Economist
• Price Economist
• Policy Officer
• Policy Analyst
• Policy Advisor
• Medical Economics Consultant
• Labor Economist
• International Trade Specialist
• Health Economist
• Forest Economist
• Fiscal Economist
• Financial Economist
• Environmental Economist
• Economic Research Analyst
• Economic Development Specialist
• Economic Developer
• Economic Adviser
• Econometrician
• Business Economist
• Agricultural Economist

Tasks for “Industrial Economist”

• Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.
• 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.
• 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.
• Teach theories, principles, and methods of economics.
• Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
• Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
• Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
• Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.
• 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.

Related Technology & Tools

• Maintrame computers
• Laptop computers
• Personal computers
• 10-key calculators
• Desktop computers
• Data scanners

• Formula translation/translator FORTRAN
• IBM Lotus 1-2-3
• Microsoft Access
• Camfit Data Limited Microfit
• SPSS
• MySQL
• Maplesoft Maple
• Estimates Delivery System EDS
• Microsoft Internet Explorer
• Aptech Systems GAUSS
• Minitab
• Python
• MediaWiki
• Structured query language SQL
• Oracle Java
• C++
• Microsoft Visual Basic
• Global Insight AREMOS
• Econometric Software LIMDEP
• Microsoft Outlook
• SAS
• Microsoft Word
• UNIX
• Microsoft Visual C# .NET
• Wolfram Research Mathematica
• Mozilla Firefox
• LaTeX
• Corel WordPerfect Office Suite
• The MathWorks MATLAB
• R
• Microsoft PowerPoint
• StataCorp Stata
• Insightful S-PLUS
• MacKichan Software Scientific Notebook
• Quantitative Micro Software EViews
• Palisade @Risk
• Microsoft Office
• Timberlake Consultants OxMetrics
• Mathsoft Mathcad
• Estima Regression Analysis of Time Series RATS
• Web browser software
• Microsoft Excel
• ESRI ArcView
• TreeAge Software TreeAge Pro
• Corel QuattroPro