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.
Business economics researchers conduct research on topics regarding economy, organisations, and strategy. They analyse macroeconomic and microeconomic trends and use this information to analyse the positions of industries or specific companies in the economy. They provide advice regarding strategic planning, product feasibility, forecast trends, emerging markets, taxing policies, and consumer trends.
Competences and skills
33 ESCO relationsEssential competences 1 competence
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
0 competencesNo competences in this bucket.
Cross-sector
0 competencesNo competences in this bucket.
Essential knowledge 6 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
1 competenceCross-sector
5 competencesbusiness management principles
Principles governing business management methods such as strategy planning, methods of efficient production, people and resources coordination.
economics
Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.
financial markets
The financial infrastructure which permits trading securities offered by companies and individuals govern by regulatory financial frameworks.
international business
The processes related to production or distribution of goods and services across borders.
quantitative analysis
The technique of employing statistical and mathematical modelling and measurement to represent a specific reality through numbers.
digital
Essential skills and competences 8 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
0 competencesNo competences in this bucket.
Cross-sector
8 competencesadvise on economic development
Advise organisations and institutions on the factors and steps they could take which would promote and ensure economic stability and growth.
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.
analyse market financial trends
Monitor and forecast the tendencies of a financial market to move in a particular direction over time.
apply scientific methods
Apply scientific methods and techniques to investigate phenomena, by acquiring new knowledge or correcting and integrating previous knowledge.
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
conduct quantitative research
Execute a systematic empirical investigation of observable phenomena via statistical, mathematical or computational techniques.
execute analytical mathematical calculations
Apply mathematical methods and make use of calculation technologies in order to perform analyses and devise solutions to specific problems.
forecast economic trends
Gather and analyse economic data in order to predict economic trends and events.
Optional knowledge 9 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
4 competencesbusiness analytics
The disciplines and technologies for solving business problems through employing quantitative methods such as data analysis and statistical models.
digital
commercial law
The legal regulations that govern a specific commercial activity.
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.
management consulting
The process of giving paid advice with the aim of improving businesses performance and promote their growth.
Cross-sector
5 competencesfinancial 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.
financial forecasting
The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.
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.
operational research
The application of scientific methods to provide solutions to administrative and management issues of organised systems as industrial, commercial, or governmental processes.
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.
Optional skills and competences 9 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
2 competencesmonitor national economy
Supervise the economy of a country and their financial institutions such as banks and other credit institutions.
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
Cross-sector
7 competencesanalyse 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.
assess risk factors
Determine the influence of economical, political and cultural risk factors and additional issues.
conduct qualitative research
Gather relevant information by applying systematic methods, such as interviews, focus groups, text analysis, observations and case studies.
consider economic criteria in decision making
Develop proposals and take appropriate decisions taking into account economic criteria.
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.
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.
write scientific publications
Present the hypothesis, findings, and conclusions of your scientific research in your field of expertise in a professional publication.
research