Economists are tasked with analysing complex economical processes through a variety of theoretical and practical lenses. Economists can focus on macroeconomics, or the big picture, and provide advice to large companies and governments, or they can focus on microeconomics and work with individuals and families to give advice on financial planning. Economists may also take a more academic approach and develop and teach theories for other economists to use.

Duties and tasks

  • Analysing relationships between supply and demand and production and distribution of goods
  • Applying economic theories to real-world financial projects
  • Developing economic policy approaches and recommendations for companies, governments, and other organisations
  • Forecasting economic trends and market growths and shrinkages
  • Giving advice on financial planning, taxes, budgeting, and other economic matters
  • Preparing reports on economic situations and realities

Skills required

  • Convey complex information to co-workers and other individuals
  • Critical thinking and analysing skills
  • Keen judgment and decision-making aptitudes
  • Outstanding mathematical abilities
  • Solve complex, multi-variable problems

Working conditions

Economists may work for large corporations or non-profits. They often work for governments as policy makers or in academia as professors. A growing number of economists work for non-governmental policy institutes known as "think tanks."

Professional associations / Industry information

Economic Society of Australia

Related jobs and job titles

  • Accountant
  • Actuary
  • Auditor
  • Company Secretary
  • Financial Consultant
  • Financial Dealer
  • Investment Banker
  • Market Researcher
  • Trader

Related degrees

Related subjects