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ESCO occupation

economist

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Economists perform research and develop theories in the field of economics, whether for microeconomic or macroeconomic analysis. They study trends, analyse statistical data, and to some extent work with economic mathematical models in order to advise companies, governments, and related institutions. They advise on product feasibility, trend forecasts, emerging markets, tax policies, and consumer trends.

2631.2 ISCO 2631 ESCO source
Competences
83
Groups
4
Essential
47
Optional
36

Competences and skills

83 ESCO relations
Essential knowledge 11 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

3 competences
commercial law

The legal regulations that govern a specific commercial activity.

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mathematical economics

The interdisciplinary field between mathematical methods and economics that deals with using math principles to contruct models for economic theory where conclusions can be drawn following a mathematical logic.

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political economy

The field that combines political and economic factors in the analysis of modern societies. It focuses on factors such as production and trade and their relations with the law and the government.

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Cross-sector

8 competences
business management principles

Principles governing business management methods such as strategy planning, methods of efficient production, people and resources coordination.

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economics

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

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empirical analysis

The evidence-based method that is used to analyse and interpret information with the aim of drawing conclusions about a specific issue.

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mathematics

Mathematics is the study of topics such as quantity, structure, space, and change. It involves the identification of patterns and formulating new conjectures based on them. Mathematicians strive to prove the truth or falsity of these conjectures. There are many fields of mathematics, some of which are widely used for practical applications.

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quantitative analysis

The technique of employing statistical and mathematical modelling and measurement to represent a specific reality through numbers.

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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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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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tax legislation

Tax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.

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Essential skills and competences 36 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

2 competences
manage intellectual property rights

Deal with the private legal rights that protect the products of the intellect from unlawful infringement.

research
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operate open source software

Operate Open Source software, knowing the main Open Source models, licensing schemes, and the coding practices commonly adopted in the production of Open Source software.

digitalresearch
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Cross-sector

34 competences
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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apply for research funding

Identify key relevant funding sources and prepare research grant application in order to obtain funds and grants. Write research proposals.

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apply research ethics and scientific integrity principles in research activities

Apply fundamental ethical principles and legislation to scientific research, including issues of research integrity. Perform, review, or report research avoiding misconducts such as fabrication, falsification, and plagiarism.

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apply scientific methods

Apply scientific methods and techniques to investigate phenomena, by acquiring new knowledge or correcting and integrating previous knowledge.

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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.

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communicate with a non-scientific audience

Communicate about scientific findings to a non-scientific audience, including the general public. Tailor the communication of scientific concepts, debates, findings to the audience, using a variety of methods for different target groups, including visual presentations.

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conduct qualitative research

Gather relevant information by applying systematic methods, such as interviews, focus groups, text analysis, observations and case studies.

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conduct quantitative research

Execute a systematic empirical investigation of observable phenomena via statistical, mathematical or computational techniques.

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conduct research across disciplines

Work and use research findings and data across disciplinary and/or functional boundaries.

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demonstrate disciplinary expertise

Demonstrate deep knowledge and complex understanding of a specific research area, including responsible research, research ethics and scientific integrity principles, privacy and GDPR requirements, related to research activities within a specific discipline.

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develop professional network with researchers and scientists

Develop alliances, contacts or partnerships, and exchange information with others. Foster integrated and open collaborations where different stakeholders co-create shared value research and innovations. Develop your personal profile or brand and make yourself visible and available in face-to-face and online networking environments.

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disseminate results to the scientific community

Publicly disclose scientific results by any appropriate means, including conferences, workshops, colloquia and scientific publications.

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draft scientific or academic papers and technical documentation

Draft and edit scientific, academic or technical texts on different subjects.

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evaluate research activities

Review proposals, progress, impact and outcomes of peer researchers, including through open peer review.

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execute analytical mathematical calculations

Apply mathematical methods and make use of calculation technologies in order to perform analyses and devise solutions to specific problems.

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increase the impact of science on policy and society

Influence evidence-informed policy and decision making by providing scientific input to and maintaining professional relationships with policymakers and other stakeholders.

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integrate gender dimension in research

Take into account in the whole research process the biological characteristics and the evolving social and cultural features of women and men (gender).

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interact professionally in research and professional environments

Show consideration to others as well as collegiality. Listen, give and receive feedback and respond perceptively to others, also involving staff supervision and leadership in a professional setting.

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manage findable accessible interoperable and reusable data

Produce, describe, store, preserve and (re) use scientific data based on FAIR (Findable, Accessible, Interoperable, and Reusable) principles, making data as open as possible, and as closed as necessary.

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manage open publications

Be familiar with Open Publication strategies, with the use of information technology to support research, and with the development and management of CRIS (current research information systems) and institutional repositories. Provide licensing and copyright advice, use bibliometric indicators, and measure and report research impact.

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manage personal professional development

Take responsibility for lifelong learning and continuous professional development. Engage in learning to support and update professional competence. Identify priority areas for professional development based on reflection about own practice and through contact with peers and stakeholders. Pursue a cycle of self-improvement and develop credible career plans.

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manage research data

Produce and analyse scientific data originating from qualitative and quantitative research methods. Store and maintain the data in research databases. Support the re-use of scientific data and be familiar with open data management principles.

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mentor individuals

Mentor individuals by providing emotional support, sharing experiences and giving advice to the individual to help them in their personal development, as well as adapting the support to the specific needs of the individual and heeding their requests and expectations.

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perform project management

Manage and plan various resources, such as human resources, budget, deadline, results, and quality necessary for a specific project, and monitor the project's progress in order to achieve a specific goal within a set time and budget.

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perform scientific research

Gain, correct or improve knowledge about phenomena by using scientific methods and techniques, based on empirical or measurable observations.

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promote open innovation in research

Apply techniques, models, methods and strategies which contribute to the promotion of steps towards innovation through collaboration with people and organizations outside the organisation.

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promote the participation of citizens in scientific and research activities

Engage citizens in scientific and research activities and promote their contribution in terms of knowledge, time or resources invested.

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promote the transfer of knowledge

Deploy broad awareness of processes of knowledge valorisation aimed to maximise the two–way flow of technology, intellectual property, expertise and capability between the research base and industry or the public sector.

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provide cost benefit analysis reports

Prepare, compile and communicate reports with broken down cost analysis on the proposal and budget plans of the company. Analyse the financial or social costs and benefits of a project or investment in advance over a given period of time.

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publish academic research

Conduct academic research, in universities and research institutions, or on a personal account, publish it in books or academic journals with the aim of contributing to a field of expertise and achieving personal academic accreditation.

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speak different languages

Master foreign languages to be able to communicate in one or more foreign languages.

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synthesise information

Critically read, interpret, and summarise new and complex information from diverse sources.

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think abstractly

Demonstrate the ability to use concepts in order to make and understand generalisations, and relate or connect them to other items, events, or experiences.

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write scientific publications

Present the hypothesis, findings, and conclusions of your scientific research in your field of expertise in a professional publication.

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Optional knowledge 23 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

11 competences
business analytics

The disciplines and technologies for solving business problems through employing quantitative methods such as data analysis and statistical models.

digital
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cryptocurrency

Digital and encrypted currency or medium of exchange with decentralized network grounded on blockchain technology, since the value of the cryptocurrency is not managed or maintained by central authorities, as is the case with the Euro.

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development economics

Development economics is the branch of economics that deals with processes of socio-economic and institutional change in low-income, transition, and high-income countries. It involves the study of several factors, including health, education, agriculture, governance, economic growth, financial inclusion, and gender inequality.

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economic anthropology

The academic field that studies the interrelationship between human societies and their economic systems. Discipline that examines economic activities in society and the processes of consumption, production, distribution and circulation of goods and services. Economic anthropology also focuses on the diverse factors such as political, cultural, and social that determine features of the economic activities.

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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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fundamental analysis

The techniques for measuring the intrinsic value of a financial security through the assessment its economic and financial factors. It combines together the analysis of macroeconomic trends and of financial statements of the companies.

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international import export regulations

The principles that govern the import and export of products and equipment, trade restrictions, health and safety measures, licenses, etc.

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project management

The discipline of project management, the activities which comprise this area and the variables implied in it, such as time, resources, requirements, deadlines, and responding to unexpected events.

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public administration

The field where policy acts to pursue the improvement of public goods and produce beneficial changes in societies. Includes the set of public entities and bodies that serve the public interest, within the framework of local, regional, or state government.

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sales promotion techniques

The techniques used to persuade customers to purchase a product or a service.

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spatial planning

An interdisciplinary field of study between engineering and social sciences. It refers to the planning of economic, environmental and social processes for specific aims. These processes are combined with diagrams and visual representation about sociospatial activities.

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Cross-sector

12 competences
accounting techniques

The techniques of recording and summarising business and financial transactions and analysing, verifying, and reporting the results.

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civil law

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

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content marketing strategy

The process of creation and share of media and publishing content in order to acquire customers.

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financial analysis

The process of assessing the financial possibilities, means, and status of an organisation or individual by analysing financial statements and reports in order to make well informed business or financial decisions.

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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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financial markets

The financial infrastructure which permits trading securities offered by companies and individuals govern by regulatory financial frameworks.

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game theory

The study of mathematical models of strategic decisions among stakeholders. It has applications in all fields of social science, as well as in systems science, computer science and logic. Essential concepts are the Nash Equilibrium and the Prisoner's Dilemma.

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international business

The processes related to production or distribution of goods and services across borders.

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market analysis

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

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mathematical modelling

The process of establishing a mathematical representation problem, such as equations, of a real-word to provide insights, discover new features about the problematic scenario, better understand the original problem or to make predictions about it.

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Monte Carlo simulation

A mathematical technique used to predict, estimate, and analyse a range of future possible outcomes for an uncertain event. The process is performed through a simulation to estimate a range of values.

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public law

The part of law which governs relationships between individuals and the government, and the relationships between individuals which concern society directly.

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Optional skills and competences 13 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

2 competences
develop scientific theories

Formulate scientific theories based on empirical observations, gathered data and theories of other scientists.

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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

11 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 financial performance of a company

Analyse the performance of the company in financial matters in order to identify improvement actions that could increase profit, based on accounts, records, financial statements and external information of the market.

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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 blended learning

Be familiar with blended learning tools by combining traditional face-to-face and online learning, using digital tools, online technologies, and e-learning methods.

digitalresearch
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assess risk factors

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

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conduct public surveys

Conduct the procedures of a public survey from the initial formulation and compilation of the questions, identifying the target audience, managing the survey method and operations, managing the processing of acquired data, and analysing the results.

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develop economic policies

Develop strategies for economic stability and growth in an organisation, nation, or internationally, and for the improvement of trade practices and financial procedures.

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forecast economic trends

Gather and analyse economic data in order to predict economic trends and events.

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perform public relations

Perform public relations (PR) by managing the spread of information between an individual or an organisation and the public.

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teach in academic or vocational contexts

Instruct students in the theory and practice of academic or vocational subjects, transferring the content of own and others' research activities.

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write research proposals

Synthetise and write proposals aiming to solve research problems. Draft the proposal baseline and objectives, the estimated budget, risks and impact. Document the advances and new developments on the relevant subject and field of study.

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