Find out everything you need to know about becoming an Economist.

Job Title - Economist

Description

An Economist analyses and describes the relationship between the supply of, and demand for goods and services in micro- and macro- economies.

Typical Job Activities

Studies the manufacturing process and the supply chain of goods and services
Describes, analyses and advises on a wide range of economic issues
Discusses and debates topics such as tax, wage problems and economic policies
Explains the causes of unemployment
Explains the causes of inflation
Serves as a consultant to businesses, individuals and government departments
A government economist assesses economic conditions in the country and abroad and recommends changes and improvements to government policies

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Related Occupations

Accountant
Stockbroker

Educational Requirements 

A degree in Economics, Econometrics, Business Economics or Agricultural Economics
Minimum: 3-4 years University/Technikon Studies
Preferred: 4-7 years University/Technikon Studies

Compulsory subjects: Mathematics
Recommended subjects: Economics, Business Economics and Accounting

Entry to Workplace: Appropriate degree with Economics, Econometrics, Business Economics or Agricultural Economics

What natural skills and/or aptitudes do I need for this occupation?

Have to be accurate and objective
Be able to enjoy detailed work
Be reliable and patient
Be able to communicate clearly in writing and in speech
Be interested in trade and industry
Be able to think clearly, logically and analytically
Be able to analyse and interpret information
Have abstract reasoning ability

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Employment Opportunities

Moderate

Market Competitiveness

Low

Income Potential

High

Self-Employment Options 

Moderate 

International Employment Market 

High

Possible Employers

Government - national, provincial, local councils and related organisations like universities
Big private companies – Financial Institutions or consulting firms
Medium or small Companies – Research organisations
Own small business: Entrepreneurial opportunities in this field
Self-employed: Consultant

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Relevant Contact Details

South African Institute of Financial Markets
http://www.saifm.co.za/economist.htm

Career Progress and Path

Further Studies in the specific career field
Further studies in related fields
Experience in specific field
Work performance
Experience in related fields
Do presentations, seminars, publish articles, etc.
General management studies

Possible Career Paths

Specialist career in the specific field
Management positions in the specific field
Management positions in related fields
General business management
Executive positions
Consultant/ contractor/ own practice/ freelance

Employment Stability

Moderately stable

Reasons to consider this career

A job in government
A job in private companies
To become a manager
To focus on a specific field