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Summary Job Description | Tasks | |||
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. | Study economic and statistical data in area of specialization, such as finance, labor, or agriculture. | |||
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Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers. | ||||
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Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques. | ||||
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Formulate recommendations, policies, or plans to solve economic problems or to interpret markets. | ||||
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Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy. | ||||
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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. | ||||
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Supervise research projects and students' study projects. | ||||
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Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources. | ||||
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Teach theories, principles, and methods of economics. | ||||
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CompGeo Salary Survey Benchmark Job Summary and Competencies
Economists
The Benchmark Job Description below represents the specific Position Characteristics of the job used in the Salary Survey. Benchmark Job Descriptions should be inspected carefully to review the degree of matching between an organizations' Job and the Salary Survey Benchmark. Matching internal Jobs to Salary Survey Benchmark Jobs should not be done on Job Title alone. A thorough comparison of Salary Survey Benchmark to Internal Job Descriptions is recommended. A good overlap should exist on any comparisons used on critical Job Dimensions and Competencies.- Job Description
- Knowledges
- Skills
- Abilites
- Tools and Technology
- Education and Experience
- Alternate Job Titles
- Salaries
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Important Knowledge Competencies | Competency Description | |||
English Language | Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. | |||
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Economics and Accounting | Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data. | |||
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Mathematics | Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications. | |||
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Computers and Electronics | Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming. | |||
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Law and Government | Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process. | |||
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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. | |||
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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. | |||
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Important Skill Competencies | Competency Description | |||
Reading Comprehension | Understanding written sentences and paragraphs in work related documents. | |||
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Speaking | Talking to others to convey information effectively. | |||
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Active Listening | Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. | |||
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Writing | Communicating effectively in writing as appropriate for the needs of the audience. | |||
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Critical Thinking | Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems. | |||
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Complex Problem Solving | Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. | |||
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Mathematics | Using mathematics to solve problems. | |||
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Judgment and Decision Making | Considering the relative costs and benefits of potential actions to choose the most appropriate one. | |||
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Active Learning | Understanding the implications of new information for both current and future problem-solving and decision-making. | |||
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Systems Analysis | Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes. | |||
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Monitoring | Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action. | |||
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Social Perceptiveness | Being aware of others' reactions and understanding why they react as they do. | |||
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Instructing | Teaching others how to do something. | |||
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Service Orientation | Actively looking for ways to help people. | |||
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Systems Evaluation | Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system. | |||
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Time Management | Managing one's own time and the time of others. | |||
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Operations Analysis | Analyzing needs and product requirements to create a design. | |||
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Learning Strategies | Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things. | |||
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Coordination | Adjusting actions in relation to others' actions. | |||
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Persuasion | Persuading others to change their minds or behavior. | |||
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Management of Personnel Resources | Motivating, developing, and directing people as they work, identifying the best people for the job. | |||
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Important Ability Competencies | Competency Description | |||
Oral Expression | The ability to communicate information and ideas in speaking so others will understand. | |||
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Oral Comprehension | The ability to listen to and understand information and ideas presented through spoken words and sentences. | |||
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Written Comprehension | The ability to read and understand information and ideas presented in writing. | |||
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Written Expression | The ability to communicate information and ideas in writing so others will understand. | |||
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Deductive Reasoning | The ability to apply general rules to specific problems to produce answers that make sense. | |||
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Inductive Reasoning | The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). | |||
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Speech Clarity | The ability to speak clearly so others can understand you. | |||
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Problem Sensitivity | The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem. | |||
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Mathematical Reasoning | The ability to choose the right mathematical methods or formulas to solve a problem. | |||
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Near Vision | The ability to see details at close range (within a few feet of the observer). | |||
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Fluency of Ideas | The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity). | |||
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Originality | The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem. | |||
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Number Facility | The ability to add, subtract, multiply, or divide quickly and correctly. | |||
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Speech Recognition | The ability to identify and understand the speech of another person. | |||
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Information Ordering | The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations). | |||
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Selective Attention | The ability to concentrate on a task over a period of time without being distracted. | |||
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Category Flexibility | The ability to generate or use different sets of rules for combining or grouping things in different ways. | |||
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Tools/Technology Example | Product Category | |||
Aptech Systems GAUSS software | Analytical or scientific software | |||
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C++ | Object or component oriented development software | |||
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Camfit Data Limited Microfit | Analytical or scientific software | |||
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Corel QuattroPro | Spreadsheet software | |||
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Corel WordPerfect software | Word processing software | |||
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ESRI ArcView | Map creation software | |||
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Econometric Software LIMDEP | Analytical or scientific software | |||
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Estima Regression Analysis of Time Series RATS | Analytical or scientific software | |||
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Formula translation/translator FORTRAN | Development environment software | |||
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Global Insight AREMOS | Analytical or scientific software | |||
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IBM Lotus 1-2-3 | Spreadsheet software | |||
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Insightful S-PLUS | Analytical or scientific software | |||
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LaTeX software | Desktop publishing software | |||
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MacKichan Software Scientific Notebook | Analytical or scientific software | |||
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Maplesoft Maple | Analytical or scientific software | |||
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Mathsoft Mathcad | Computer aided design CAD software | |||
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MediaWiki | Web page creation and editing software | |||
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Microsoft Access | Data base user interface and query software | |||
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Microsoft Excel | Spreadsheet software | |||
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Microsoft Internet Explorer | Internet browser software | |||
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Microsoft Outlook | Electronic mail software | |||
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Microsoft Powerpoint | Presentation software | |||
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Microsoft Visual Basic | Development environment software | |||
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Microsoft Visual C# .NET | Object or component oriented development software | |||
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Microsoft Word | Word processing software | |||
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Minitab software | Analytical or scientific software | |||
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Mozilla Firefox | Internet browser software | |||
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MySQL software | Data base user interface and query software | |||
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Palisade @Risk | Financial analysis software | |||
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Quantitative Micro Software EViews | Analytical or scientific software | |||
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R | Object or component oriented development software | |||
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SAS software | Analytical or scientific software | |||
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SPSS software | Analytical or scientific software | |||
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StataCorp Stata | Analytical or scientific software | |||
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The MathWorks MATLAB | Analytical or scientific software | |||
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Timberlake Consultants OxMetrics | Analytical or scientific software | |||
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TreeAge Software TreeAge Pro | Analytical or scientific software | |||
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Web browser software | Internet browser software | |||
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Wolfram Research Mathematica | Analytical or scientific software | |||
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10-key calculators | Calculators or accessories | |||
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Data scanners | Scanners | |||
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Desktop computers | Desktop computers | |||
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Laptop computers | Notebook computers | |||
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Maintrame computers | Mainframe computers | |||
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Personal computers | Personal computers | |||
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Prerequisite Qualification Category | Education and Experience Level | |||
On-Site or In-Plant Training | None | |||
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Required Level of Education | Master's Degree | |||
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On-Site or In-Plant Training | Up to and including 1 month | |||
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Alternate Job Title(s) | |||
Agricultural Economist | |||
Business Economist | |||
Econometrician | |||
Economic Adviser | |||
Economic Analysis Director | |||
Economic Analyst | |||
Economic Consultant | |||
Economic Developer | |||
Economic Development Specialist | |||
Economic Research Analyst | |||
Economist | |||
Environmental Economist | |||
Financial Economist | |||
Fiscal Economist | |||
Forensic Economist | |||
Forest Economist | |||
Health Researcher | |||
Industrial Economist | |||
International Trade Specialist | |||
Labor Economist | |||
Policy Advisor | |||
Policy Analyst | |||
Policy Officer | |||
Price Economist | |||
Project Economist | |||
Research Analyst | |||
Revenue Research Analyst | |||
Social Economist | |||
Tax Economist | |||
Trade Economist | |||
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