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ESCO occupation

economic adviser

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Economic advisers research economic developments and advise on economic problems. They forecast trends and behaviour in economics, and advise on finance, trade, fiscal and other related matters. They advise companies and organisations on techniques to gain economic profit.

2631.2.2 ISCO 2631 ESCO source
Competences
39
Groups
4
Essential
21
Optional
18

Competences and skills

39 ESCO relations
Essential knowledge 9 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

2 competences
company policies

The set of rules that govern the activity of a company.

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organisational policies

The policies to achieve set of goals and targets regarding the development and maintenance of an organisation.

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Cross-sector

7 competences
business analysis

The research field which addresses the identification of business needs and problems and the determination of the solutions that would mitigate or prevent the smooth functioning of a business. Business analysis comprises IT solutions, market challenges, policy development and strategic matters.

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economics

Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.

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financial forecasting

The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.

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market analysis

The field of market analysis and research and its particular research methods.

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politics

The method, process and study of influencing people, gaining control over a community or society, and the distribution of power within a community and between societies.

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statistics

The study of statistical theory, methods and practices such as collection, organisation, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments in order to forecast and plan work-related activities.

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strategic planning

The elements defining the foundation and core of an organisation such as its mission, vision, values, and objectives.

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Essential skills and competences 12 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

0 competences

No competences in this bucket.

Cross-sector

12 competences
advise on economic development

Advise organisations and institutions on the factors and steps they could take which would promote and ensure economic stability and growth.

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analyse economic trends

Analyse developments in national or international trade, business relations, banking, and developments in public finance and how these factors interact with one another in a given economic context.

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analyse market financial trends

Monitor and forecast the tendencies of a financial market to move in a particular direction over time.

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apply statistical analysis techniques

Use models (descriptive or inferential statistics) and techniques (data mining or machine learning) for statistical analysis and ICT tools to analyse data, uncover correlations and forecast trends.

digital
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assess risk factors

Determine the influence of economical, political and cultural risk factors and additional issues.

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carry out statistical forecasts

Undertake a systematic statistical examination of data representing past observed behaviour of the system to be forecast, including observations of useful predictors outside the system.

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comprehend financial business terminology

Grasp the meaning of basic financial concepts and terms used in businesses and financial institutions or organisations.

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develop financial statistics reports

Create financial and statistical reports based on collected data which are to be presented to managing bodies of an organisation.

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develop organisational policies

Develop and supervise the implementation of policies aimed at documenting and detailing the procedures for the operations of the organisation in the lights of its strategic planning.

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maintain financial records

Keep track of and finalise all formal documents representing the financial transactions of a business or project.

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monitor company policy

Monitor the company's policy and propose improvements to the company.

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supervise advocacy work

Manage the aim to influence political, economic and social decisions. Make sure ethics and policies are followed.

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Optional knowledge 5 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

1 competence
environmental economics

The subfield of economics that studies the efficient allocation of environmental resources to the aim of minimizing the negative impacts on the natural environment.

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Cross-sector

4 competences
civil law

The legal rules and their applications used in disputes between different parties.

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government policy implementation

The procedures related to the application of government policies at all levels of public administration.

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public finance

The economic influence of the government, and the workings of government revenue and expenditures.

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scientific research methodology

The theoretical methodology used in scientific research involving doing background research, constructing an hypothesis, testing it, analysing data and concluding the results.

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Optional skills and competences 13 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

3 competences
inspect government incomes

Inspect the resources available to a national or local government organisation, such as tax incomes, to ensure that the incomes are compliant with the income expectations, that no faults are being made and no suspicious activity is present in the handling of government finances.

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maintain relations with local representatives

Maintain good relations with representatives of the local scientific, economic and civil society.

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use business simulation tools

Employ software to perform simulations to improve business skills such as business acumen, financial and market analysis and decision making.

digital
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Cross-sector

10 competences
advise on government policy compliance

Advise organisations on how they may improve their compliance to the applicable government policies they are required to adhere to, and the necessary steps which need to be taken in order to ensure complete compliance.

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advise on legislative acts

Advise officials in a legislature on the propositioning of new bills and the consideration of items of legislation.

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advise on public finance

Advise public organisations such as governmental organisations on their financial operations and procedures, to ensure optimal efficiency.

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analyse big data

Collect and evaluate numerical data in large quantities, especially for the purpose of identifying patterns between the data.

digital
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ensure information transparency

Ensure that required or requested information is provided clearly and completely, in a manner which does not explicitly withhold information, to the public or requesting parties.

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inspect government expenditures

Inspect the financial procedures of a government organisation which deals with budget and resource allocation and spending to ensure that no faults are being made and no suspicious activity occurs in the handling of financial accounts, and that the expenditures are compliant with financial needs and forecasts.

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liaise with local authorities

Maintain the liaison and exchange of information with regional or local authorities.

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maintain relationships with government agencies

Establish and maintain cordial working relationships with peers in different governmental agencies.

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present reports

Display results, statistics and conclusions to an audience in a transparent and straightforward way.

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report analysis results

Produce research documents or give presentations to report the results of a conducted research and analysis project, indicating the analysis procedures and methods which led to the results, as well as potential interpretations of the results.

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