Economist Ngaio Ōhanga
Economists analyse financial, labour and trade markets, and predict or explain economic events.
Economists may do some or all of the following, depending on their area of specialisation:
- collect, study and analyse information on the economy or a specific part of the economy
- make predictions on the economy or parts of the economy based on their research
- develop economic policies and plans
- use computer software to predict economic behaviour
- study and explain economic events
- advise the Government and businesses
- write reports and give presentations.
Useful experience for economists includes:
- work as a data analyst
- public speaking.
Economists need to be:
- accurate and organised
- able to work well under pressure
- able to keep information private
- good at analysing and interpreting figures
- excellent at communicating
- excellent at problem-solving
- able to write reports
- able to present information.
Economists need to have knowledge of:
- economic methods and theories
- economic ideas and trends
- project management
- maths, including statistics, for using methodologies to think about the world and specific issues.
- usually work regular business hours, but sometimes have to work overtime to meet project deadlines
- work in offices
- may travel locally and around New Zealand to make presentations. They may also travel overseas to attend conferences or do contract work.
NCEA Level 3 is required to enter tertiary training. Useful subjects include English, economics, social studies, and maths.
Economists may progress to work as academics, business managers or economic strategists.
Economists may specialise in researching a particular area, such as:
- regional economies
- labour markets.
Years Of Training3-5 years of training usually required.
There are no specific requirements to become an economist. However, a Bachelor's degree in economics or maths may be useful, and a Master's degree in economics is preferred.