Economists (ANZSCO 2243) are professionals who perform economic research and analysis, develop and apply theories about production and distribution of goods and services, and study people's spending and financial behavior. They provide valuable advice to governments and organizations on economic policy issues, contributing to the overall economic growth and development of the country.

It is important to note that statisticians are excluded from this unit group, as they are included in Unit Group 2241 Mathematical Science Professionals.

Indicative Skill Level:

In Australia and New Zealand, most occupations in this unit group require a level of skill commensurate with a bachelor's degree or higher qualification (ANZSCO Skill Level 1). This indicates that economists possess a high level of expertise and knowledge in their field.

Tasks Include:

• Analyzing interrelationships between economic variables and studying the effects of government fiscal and monetary policies, expenditure, taxation, and other budgetary policies on the economy and the community.
• Researching, analyzing, and assessing the effects of labor market programs and industry policies and programs on economic growth, welfare, education, and training.
• Investigating international and national economic situations, with a focus on industries, regions, and socioeconomic groups.
• Studying workplace issues such as enterprise bargaining and wage fixation, and analyzing the effect of workplace policies on productivity and economic growth.
• Analyzing trends and advising on economic issues such as taxation levels, prices, employment and unemployment rates, imports and exports, and interest and exchange rates.
• Forecasting changes in the economic environment for short-term budgeting, long-term planning, and investment evaluation.
• Formulating recommendations, policies, and plans for the economy, corporate strategies, and investment, as well as conducting feasibility studies for projects.
• Preparing comprehensive reports on research findings, which serve as valuable resources for decision-making.

Occupation: 224311 Economist

Economist (alternative title: Economic Analyst) is a specialized occupation within the broader field of economics. These professionals perform economic research and analysis, develop and apply theories about production and distribution of goods and services, and provide advice to governments and organizations on economic policy issues. Their work involves a deep understanding of economic principles and their practical applications.

As economists, they possess a high level of skill, typically requiring a bachelor's degree or higher qualification (ANZSCO Skill Level 1). This ensures that they have the necessary knowledge and expertise to contribute effectively to the field of economics.

Specializations within the field of economics include Agricultural Economist, Econometrician, Economic Forecaster, Environmental Economist, Health Economist, Labour Market Economist, Mineral Economist, and Taxation Economist. These specializations allow economists to focus their expertise on specific areas and provide specialized advice and analysis.

Economists play a crucial role in shaping economic policies, providing insights into the factors that influence economic growth, productivity, and overall welfare. Their work helps governments and organizations make informed decisions, leading to a more prosperous and sustainable economy.