Economist

Economist

An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Economists are divided into several types such as microeconomists, macroeconomists, econometricians, and financial economists.

Overview

Economists study how societies and individuals organize activities such as production, distribution, and consumption of goods and services. They conduct research, collect and analyze data, monitor economic trends, and develop forecasts on a wide variety of issues, including energy costs, inflation, interest rates, exchange rates, business cycles, taxes, and employment levels, among others.

Types of Economists

Microeconomists

Microeconomists study supply and demand decisions of individuals and firms. They might analyze how different industries compete among each other and how the government policies affect the markets.

Macroeconomists

Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indices to understand how the whole economy functions. They also develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance.

Econometricians

Econometricians use mathematical and statistical techniques to address economic issues, test theories, and develop economic models.

Financial Economists

Financial economists analyze savings, investments, and risk. They study financial markets and financial institutions.

See Also

• Economics
• Microeconomics
• Macroeconomics
• Econometrics
• Financial economics

References

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