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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. Within this field there are many sub-fields, ranging from the broad philosophical theories to the focused study of minutiae within specific markets, macroeconomic analysis, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, economics computational models, financial economics, mathematical finance and mathematical economics.

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Economists do research. They prepare surveys to collect data and figure out what the data mean. They also forecast how the economy might change in the future. Economists study topics such as prices, jobs, taxes, interest rates, and the stock market. Other economists study money and the banking system. Writing reports on their research is a very important part of their job.

Some economists work for Federal, State, or local governments. They help governments figure out policies related to taxes, trade with other countries, the minimum wage, and many other topics.

Other economists work for businesses. Economists often help them to figure out what to sell and at what price.

Economists work with numbers, charts, and computers. Economists have regular work schedules. Most work alone doing research, but a few may work as part of a team. Most economists have deadlines.

A master's or Ph.D. degree in economics is needed for many jobs. In the Federal Government, entry-level jobs require a bachelor's degree—about 4 years of college.

Courses in math, statistics, economics, and computer science are helpful. Learning how to write is also important because economists need to write reports.

How much does this job pay? In May 2008, the average yearly wages of economists were $90,830. The average yearly salary of economists working for the Federal Government was $108,010 in March 2009.

Economists held about 14,600 jobs in 2008. Over one-half work for governments. Many work for banks, consulting firms, and other businesses. Some work for themselves.

Most economists work in large cities.

Employment of economists should grow more slowly than the average for all occupations through 2018. More economists will be needed in businesses to do research. Governments also will need some economists to help study new policies. However, many people who work with economics will have other job titles.

People with a master's or Ph.D. degree and strong math, statistics, and computer skills should have the best chance of getting a job. People with a bachelor's degree may face strong competition for jobs.   www.org.gov.com

"An economist is some one who orders the most expensive entree at a restaurant knowing that the check will  be split  by his companions."