CompGeo Salary Survey Benchmark Job Summary and Competencies

Economists

The Benchmark Job Description below represents the specific Position Characteristics of the job used in the Salary Survey. Benchmark Job Descriptions should be inspected carefully to review the degree of matching between an organizations' Job and the Salary Survey Benchmark. Matching internal Jobs to Salary Survey Benchmark Jobs should not be done on Job Title alone. A thorough comparison of Salary Survey Benchmark to Internal Job Descriptions is recommended. A good overlap should exist on any comparisons used on critical Job Dimensions and Competencies.
 
CompGeo Occupation Group: Engineering/Scientific
Job Family: Scientist
Benchmark Title: Economists
 
Summary Job Description Tasks
Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods. Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
 
Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
 
Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
 
Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
 
Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.
 
Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy and present recommendations based on cost-benefit analyses.
 
Supervise research projects and students' study projects.
 
Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources.
 
Teach theories, principles, and methods of economics.
 
 
CompGeo Occupation Group: Engineering/Scientific
Job Family: Scientist
Benchmark Title: Economists
 
Important Knowledge Competencies Competency Description
English Language Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
 
Economics and Accounting Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
 
Mathematics Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
 
Computers and Electronics Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
 
Law and Government Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
 
Administration and Management Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
 
Customer and Personal Service Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
 
 
CompGeo Occupation Group: Engineering/Scientific
Job Family: Scientist
Benchmark Title: Economists
 
Important Skill Competencies Competency Description
Reading Comprehension Understanding written sentences and paragraphs in work related documents.
 
Speaking Talking to others to convey information effectively.
 
Active Listening Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
 
Writing Communicating effectively in writing as appropriate for the needs of the audience.
 
Critical Thinking Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
 
Complex Problem Solving Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
 
Mathematics Using mathematics to solve problems.
 
Judgment and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one.
 
Active Learning Understanding the implications of new information for both current and future problem-solving and decision-making.
 
Systems Analysis Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
 
Monitoring Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
 
Social Perceptiveness Being aware of others' reactions and understanding why they react as they do.
 
Instructing Teaching others how to do something.
 
Service Orientation Actively looking for ways to help people.
 
Systems Evaluation Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
 
Time Management Managing one's own time and the time of others.
 
Operations Analysis Analyzing needs and product requirements to create a design.
 
Learning Strategies Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
 
Coordination Adjusting actions in relation to others' actions.
 
Persuasion Persuading others to change their minds or behavior.
 
Management of Personnel Resources Motivating, developing, and directing people as they work, identifying the best people for the job.
 
 
CompGeo Occupation Group: Engineering/Scientific
Job Family: Scientist
Benchmark Title: Economists
 
Important Ability Competencies Competency Description
Oral Expression The ability to communicate information and ideas in speaking so others will understand.
 
Oral Comprehension The ability to listen to and understand information and ideas presented through spoken words and sentences.
 
Written Comprehension The ability to read and understand information and ideas presented in writing.
 
Written Expression The ability to communicate information and ideas in writing so others will understand.
 
Deductive Reasoning The ability to apply general rules to specific problems to produce answers that make sense.
 
Inductive Reasoning The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
 
Speech Clarity The ability to speak clearly so others can understand you.
 
Problem Sensitivity The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
 
Mathematical Reasoning The ability to choose the right mathematical methods or formulas to solve a problem.
 
Near Vision The ability to see details at close range (within a few feet of the observer).
 
Fluency of Ideas The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
 
Originality The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
 
Number Facility The ability to add, subtract, multiply, or divide quickly and correctly.
 
Speech Recognition The ability to identify and understand the speech of another person.
 
Information Ordering The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
 
Selective Attention The ability to concentrate on a task over a period of time without being distracted.
 
Category Flexibility The ability to generate or use different sets of rules for combining or grouping things in different ways.
 
 
CompGeo Occupation Group: Engineering/Scientific
Job Family: Scientist
Benchmark Title: Economists
 
Tools/Technology Example Product Category
Aptech Systems GAUSS software Analytical or scientific software
 
C++ Object or component oriented development software
 
Camfit Data Limited Microfit Analytical or scientific software
 
Corel QuattroPro Spreadsheet software
 
Corel WordPerfect software Word processing software
 
ESRI ArcView Map creation software
 
Econometric Software LIMDEP Analytical or scientific software
 
Estima Regression Analysis of Time Series RATS Analytical or scientific software
 
Formula translation/translator FORTRAN Development environment software
 
Global Insight AREMOS Analytical or scientific software
 
IBM Lotus 1-2-3 Spreadsheet software
 
Insightful S-PLUS Analytical or scientific software
 
LaTeX software Desktop publishing software
 
MacKichan Software Scientific Notebook Analytical or scientific software
 
Maplesoft Maple Analytical or scientific software
 
Mathsoft Mathcad Computer aided design CAD software
 
MediaWiki Web page creation and editing software
 
Microsoft Access Data base user interface and query software
 
Microsoft Excel Spreadsheet software
 
Microsoft Internet Explorer Internet browser software
 
Microsoft Outlook Electronic mail software
 
Microsoft Powerpoint Presentation software
 
Microsoft Visual Basic Development environment software
 
Microsoft Visual C# .NET Object or component oriented development software
 
Microsoft Word Word processing software
 
Minitab software Analytical or scientific software
 
Mozilla Firefox Internet browser software
 
MySQL software Data base user interface and query software
 
Palisade @Risk Financial analysis software
 
Quantitative Micro Software EViews Analytical or scientific software
 
R Object or component oriented development software
 
SAS software Analytical or scientific software
 
SPSS software Analytical or scientific software
 
StataCorp Stata Analytical or scientific software
 
The MathWorks MATLAB Analytical or scientific software
 
Timberlake Consultants OxMetrics Analytical or scientific software
 
TreeAge Software TreeAge Pro Analytical or scientific software
 
Web browser software Internet browser software
 
Wolfram Research Mathematica Analytical or scientific software
 
10-key calculators Calculators or accessories
 
Data scanners Scanners
 
Desktop computers Desktop computers
 
Laptop computers Notebook computers
 
Maintrame computers Mainframe computers
 
Personal computers Personal computers
 
 
CompGeo Occupation Group: Engineering/Scientific
Job Family: Scientist
Benchmark Title: Economists
 
Prerequisite Qualification Category Education and Experience Level
On-Site or In-Plant Training None
 
Required Level of Education Master's Degree
 
On-Site or In-Plant Training Up to and including 1 month
 
 
CompGeo Occupation Group: Engineering/Scientific
Job Family: Scientist
Benchmark Title: Economists
 
Alternate Job Title(s)
Agricultural Economist
Business Economist
Econometrician
Economic Adviser
Economic Analysis Director
Economic Analyst
Economic Consultant
Economic Developer
Economic Development Specialist
Economic Research Analyst
Economist
Environmental Economist
Financial Economist
Fiscal Economist
Forensic Economist
Forest Economist
Health Researcher
Industrial Economist
International Trade Specialist
Labor Economist
Policy Advisor
Policy Analyst
Policy Officer
Price Economist
Project Economist
Research Analyst
Revenue Research Analyst
Social Economist
Tax Economist
Trade Economist
 
CompGeo Occupation Group: Engineering/Scientific
Job Family: Scientist
Benchmark Title: Economists
 
 
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