Will “Professor of Economics” 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
• Industrial Economist
• 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 “Professor of Economics”

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

Related Technology & Tools

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

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