What Are The Most Popular Positions An Economist Can Get?
Economist is a person who studies economy of a country. He is responsible for conducting research, analyzing data, monitoring economic trends and develops strategies to make society a better place for living. He deals with the factor of production, inflation, interest rates, employment level, monetary and fiscal policies etc. To make career in a specific profitable field, economist specialize in a particular area along with basic education.
The most popular positions an economist can get are given below:
Micro economist is a person who deals with micro economics. He studies demand and supply requirements carefully on individual and firm’s level and takes appropriate decisions. For example he finds out how profitability can be increased by improving the quality of goods and services. Micro economist is one of the most popular positions an economist can get because of its ease of entry.
A Macro economist works at macro level, which deals with the overall economy. He is in charge of overseeing the whole of economy and forecasting future trends. He has to ascertain reason of unemployment, inflation, productivity level, investment, interests and the solutions to related issues.
Industrial economist is also called an “organizational economist”. He studies the market for a particular industry, its competitors, success and failure stories, policies etc to predict future trends and moves. He works specifically for an industry and is truly concerned with antitrust policy and its impact on market structure.
Monetary economist is also known as “financial economist”. He is mainly concerned with the financial side of economy. He is responsible for looking after the banking system, exchange and interest rates. The purpose is to allocate funds equally to reap long term benefits for all.
An International economist as name implied is concerned with international market. He deals with the currencies, exchange rates, trade policies, tariffs and international laws. He has to remain updated about what is happening in this world to maintain its country’s standard according to other countries.
“Demographic economist” is another name used for labor economist who studies the demand and disbursement of labor wages. He studies the reason for unemployment and low wages in different countries. He also studies the effect of changing demographic trends, immigration, value of money etc to determine who deserves how much of living in a particular country.
- Public finance economist:
One of the most popular positions an economist can get is the post of public finance economist. He is primarily responsible for playing a role for the Government by studying the monetary and fiscal policy. He deals with taxation, budgeting, currencies and welfare policies. Government jobs are secured, so this is considered to be the most demanding position in the field of economics.
Econometrician is an economist who deals with the technical side of economics. He conducts researches and investigates all the areas of economics by practically applying mathematical techniques like calculus, game theory and regression analysis etc. He develops different economic models to determine economics relationships. With the help of such models, he forecasts business cycles, inflation rates, tax rates, unemployment level and other economic related areas to make suitable economics’ strategies.
Now, if one questions you, what are the most popular positions an economist can get? You can easily answer that economics is a vast field offering you bundle of job opportunities in diversified arenas.