Types of Economists Jobs

Types of Economists

Though all economists need to be familiar with general principles, most economists specialize. The skills and knowledge gained in each of these areas are often applied to other fields like agriculture, medicine, education, law, energy, and environmental protection.


Microeconomists: These people study individual companies or people. They look at supply and demand to find out how to maximize production, for example, or to project how high the demand for a particular product would be.
Macroeconomists: They look at the economy as a whole to find long-term, overarching trends throughout history. They can then make generalizations and draw conclusions about investment productivity, inflation, unemployment, etc.
Financial Economists: strongly correlated to macroeconomists, financial economists study interest rates to see their effect on banking systems.
International Economists: They look at markets internationally, studying currency exchange and the effects of tariffs and trade procedures and laws.
Organizational or Industrial Economists: They examine the markets of individual industries, studying competitors and making predictions based on the decisions of competitors. They may also be involved in protecting the industry against trusts and monopolies
Demographic or Labor Economists: They look at trends in salary, such as how it’s determined, and the need for labor. They are especially interested in causes of unemployment and the results of changes in demographic, such as a baby boom, on labor.
Public Finance Economists: They look at the government’s involvement in the economy, such as taxation, deficits or surpluses in budget, or policies concerning welfare.
Econometricians: They use mathematics in every branch of economics. They put together economic models using methods like calculus, regression analysis, and game theory. These models explain economic happenings and help to project future economic occurrences and trends like how new taxation laws will affects employment or the duration of business cycles.
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