1) What types of economists are there?
There are three general categories of economists: business economists, government economists and academic economists.
2) What is common for different types of economists?
Each type of economist applies the economic approach to decision making in a different setting.
3) Where do business economists work?
Business economists work in manufacturing, mining, transportation, communications, banking, insurance, retailing, investment, and other types of organizations. They also work in trade associations and consulting organizations.
4) Who hires government economists?
Government economists are hired by federal, state and local governments.
5) What is the qualification for an entry position in federal, state and local governments?
A bachelor's degree in economics is a good qualification for an entry position.
6) What do you need to teach economics at a college level?
In order to teach at a college level an economist has to have a Ph. D. in economics.
7) What do faculty members do?
Faculty members usually teach, conduct research and have administrative responsibilities.
8) What do economists in non-profit sector do?
Economists working for such groups <non-profit sector> are expected to analyze issues and to write about them in a simple way which can be understood both by the average citizen and by elected lawmakers and government bureaucrats responsible for making and implementing policy.
1. Economists work in three sectors - commercial (business), higher education government sector.
2. Business economists work in a variety of industries, but most often in manufacturing, transportation, communications, insurance, and retail.
3. Business economists also work as consultants in professional organizations.
4. All economists take the same approach. But in different situations.
5. A bachelor's degree in economics is a prerequisite for admission to the civil service.
6. In the public sector, there are positions for labor economists, demographers, and specialists in mycoeconomics and macroeconomics.
7. In order to teach economics in a college, you need to have a Ph.D.