Conduct research, prepare reports, or formulate plans to aid in solution of economic problems arising from production and distribution of goods and services. May collect and process economic and statistical data using econometric and sampling techniques.

Investigative - Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.

1. Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.

2. Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

3. Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.

4. Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

5. Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.

6. 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.

7. Supervise research projects and students' study projects.

8. Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources.

9. Teach theories, principles, and methods of economics.

Reading Comprehension - Understanding written sentences and paragraphs in work related documents.

Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Mathematics - Using mathematics to solve problems.

Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.

Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

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.

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.

Job Zone Five: Extensive Preparation Needed

Education: A bachelor's degree is the minimum formal education required for these occupations. However, many also require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).

Training: Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training.

The college search results are undergraduate programs associated with Economists. Further education may also be required to pursue this career.

The training search results include both short and long-term programs associated with Economists, and may be more appropriate for adult and non-traditional students. Further training may also be required to pursue this career.

In NY the average wage for this occupation was:

$62,530 for entry level workers, and $116,670 for experienced workers.

Based on the total number of annual openings and its growth rate, the employment prospects for this occupation are described as Less Favorable.

During 2006, there were approximately 590 Economists employed in NY.

We estimate that in 2016 there will be 610  employed in NY. This represents an increase of 0 job(s) each year, and a total of 20 job openings each year.

Economists and market and survey researchers - Visit this link for additional information on this career from the Occupational Outlook Handbook; a publication produced and maintained by the United States Department of Labor.

Discovery Channel School's Lesson Plans Library - View the list of brand-new lesson plans for elementary, middle and high school students. Lesson plans include the sciences, mathematics and technology. Hundreds of original lesson plans, all written by teachers for teachers are easily accessible. Use the pull-down menus to browse by subject, grade, or both.

Purchasing Managers - Plan, direct, or coordinate the activities of buyers, purchasing officers, and related workers involved in purchasing materials, products, and services.

Accountants - Analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

Auditors - Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

Budget Analysts - Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.

Credit Analysts - Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.

Financial Analysts - Conduct quantitative analyses of information affecting investment programs of public or private institutions.

Financial Examiners - Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.

Operations Research Analysts - Formulate and apply mathematical modeling and other optimizing methods using a computer to develop and interpret information that assists management with decision making, policy formulation, or other managerial functions. May develop related software, service, or products. Frequently concentrates on collecting and analyzing data and developing decision support software. May develop and supply optimal time, cost, or logistics networks for program evaluation, review, or implementation.

Farm and Home Management Advisors - Advise, instruct, and assist individuals and families engaged in agriculture, agricultural-related processes, or home economics activities. Demonstrate procedures and apply research findings to solve problems; instruct and train in product development, sales, and the utilization of machinery and equipment to promote general welfare. Includes county agricultural agents, feed and farm management advisers, home economists, and extension service advisors.