Careers in Economics
What is meant by Career in Economics?
You can start your Career in Economics, by analyzing how goods and services are created in the market through various resources such as land, labor, capital, technology etc. The job of an economist revolves around researching and monitoring various entities in the market such as:
Liberty University Online
Southern New Hampshire University
Various taxations applied on products and services.
The candidates building a Career in Economics can land a job in any of the following areas:
Private sector consisting of large, medium and small scaled enterprises.
Popular Career in Economics options:
You can work as:
Micro-economists: Emphasizing on small and medium scaled enterprises, you will research and analyze factors pertaining to maximize production and cutting back on costs.
Macroeconomists: Such individuals look at the bigger picture and research on trends impacting the overall economy of any country.
Financial Economists: Similar to Macroeconomists, such candidates study the interest rates of currencies and banking systems of a country.
International Economists: Monitoring the overall financial and business scenarios of the world, you will be comparing market trends and general demand and supply of products across the globe.
Organizational or Industrial Economists: Such individuals can predict the pulse of any industry or organization through their strong analytical skills.
Demographic or Labor Economists: You will be observing the various trends pertaining and impacting the labor force of any job market.
Public Finance Economists: Be the candidate who scrutinizes the steps taken by the government concerning public welfare such as the budget, taxation etc.
Econometricians: These candidates have strong mathematical skills that are put to use in applying several economic models for predicting trends and occurrences in business.
Education for Career in Economics
The last decade found an overall upward trend in the job market for anyone pursuing a Career in Economics. The majority of individuals in this field earned in between the ranges of $50,000 and $90,000. You can pursue any of the following degrees in order to properly engage in a Career in Economics:
Bachelor’s degree program in Economics
Master’s degree in Economics
PhD in Economics.