Economists study and predict trends and changes in financial, labor and trade markets. They study economic factors,
such as taxation levels, wage rates, employment figures and exchange rates, and use their findings to prepare
forecasts and provide advice to businesses and governments on possible courses of action. Economists may study
the broad global economic situation, providing advice to governments and multinational corporations, or they may
examine the economy of a single, small firm to provide advice on how to maximize profits and determine the level of
demand for a product or service.
An Economist researches and analyzes economic issues and advises governments, businesses, and individuals on
economic topics. They prepare reports and charts to that forecast market trends. They also analyze various
industries such as the environment, health, education, and development. Some economists study the cost of energy
or healthcare, while other economists watch and analyze exchange rates, employment levels, and business cycles. A
few specialize in the effects of inflation, taxes, or interest rates. Often they will use spreadsheets, software
programs, database management programs, and statistical analysis in their research. An economist should be skilled
in communication, critical thinking, analytical, math, writing and be detail oriented.
Economists work in office environments in businesses, government departments and universities, usually in the
Perth metropolitan area. They usually work regular office hours, however when working to a strict deadline, e.g.
when annual reports are due, overtime may be necessary. Economists often conduct research and write reports
independently, however, in larger organizations they may work as part of a team - each member may specialize in a
Entry Level Education
- Bachelor's Degree, Master’s Degree in Economics.
- A Master’s Degree or Ph.D. is required for most Economist jobs.