Economist
Economists perform economic research and analysis, and
develop and apply theories relating to the production and
distribution of goods and services and people's spending
behaviour.
Economists advise and provide forecasts to governments and
businesses on matters such as taxation levels, wages and
prices, employment and unemployment, imports and exports, and
interest and exchange rates. They investigate international or
national economic situations, or particular features such as
industries or regions.
Economists may perform the following tasks:
- help formulate government economic policies
- study the effects of government economic and monetary
policies, expenditure, taxation and other budgetary controls
on the economy and the community
- identify opportunities to improve efficiency and
international competitiveness
- research, analyse and record the effects of government
labour market programs on economic and industrial growth
- investigate the types of goods and services that are
produced and consumed in Australia and in other countries
- study industrial relations issues such as wage fixation
and the effect of industrial disputes on productivity
- prepare forecasts, analyse trends and advise on economic
issues
- provide management personnel with economic information
and advice.
Economists perform a variety of tasks depending on their
area of specialisation. They may specialise as an:
Agricultural/Resource Economist who studies the
economic aspects of the efficient use of agricultural,
pastoral, fishing and forest resources. This may involve
applying economic principles to farm management, marketing and
natural resource policies.
Applied Industry Economist who studies the economic
aspects of industry structure and performance, specialising in
sectors such as agriculture or manufacturing.
Econometrician who uses economic theories,
statistical methods and forecasting techniques to develop
models. They feed data on possible future economic situations
into models to see the likely results and wider implications
of particular actions and advise industry or government on
possible costs resulting from their policy decisions.
Environmental Economist who studies the
environmental impacts of projects and subsequently advises
industry and government on environmental and natural resource
management regulations. They also advise on the government's
responsibilities in terms of international agreements and
treaties about the environment.
Financial Economist who advises on investment and
lending policies by studying economic trends and policy. They
study the effects of government legislation and policy change
on the financial system and evaluate the economic and
financial aspects of investment projects by preparing
financial models and budget plans.
Labour Market Economist who studies the economic
aspects of proposed government policy and their possible
effects on the labour market. They recommend improvements in
techniques for settling labour disputes and related problems
to government agencies, business organisations or industrial
groups.
They study matters such as labour legislation, unemployment
benefits, industrial accident provisions, education,
collective bargaining, trade unions and industrial factors,
and their impact on the labour market.
Resource Economist who analyses policies and issues
related to natural resource industries such as minerals,
fisheries and forestry. This includes supply and demand of
resources, and how their extraction affects the environment.
Taxation Economist who studies sources of government
income, the methods of expenditure and the effect of taxation
and fiscal policy upon national income and overall business
activity.
Transport Economist who studies the economic aspects
of transport. This includes the efficiency, financial
organisation and interaction of systems such as railways, air
transport, shipping, trucks, buses and cars. They examine the
allocation of private and government resources to transport
systems and the implications of fuel production and
importation.
They also study the effects of regulation, development and
the application of demand models, as well as analyse the
implications of investment proposals in the transport
industry.
Required Skills - Economist
- able to think logically and analytically
- able to discuss views clearly in a variety of forums
- able to write concisely
- good at maths and statistical analysis
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