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.
Economic policy officers develop economic strategies. They monitor aspects of economics such as competitiveness, innovation and trade. Economic policy officers contribute to the development of economic policies, projects and programs. They research, analyse and assess public policy problems and recommend appropriate actions.
Competences and skills
28 ESCO relationsEssential knowledge 3 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
1 competenceCross-sector
2 competenceseconomics
Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.
government policy implementation
The procedures related to the application of government policies at all levels of public administration.
Essential skills and competences 12 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
2 competencesmaintain relations with local representatives
Maintain good relations with representatives of the local scientific, economic and civil society.
monitor national economy
Supervise the economy of a country and their financial institutions such as banks and other credit institutions.
Cross-sector
10 competencesadvise legislators
Give advice on various government and legislative duties, such as policy creation and the inner workings of a governmental department, to government officials in legislative positions, such as members of parliament, government ministers, senators, and other legislators.
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.
advise on legislative acts
Advise officials in a legislature on the propositioning of new bills and the consideration of items of legislation.
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.
consider economic criteria in decision making
Develop proposals and take appropriate decisions taking into account economic criteria.
create solutions to problems
Solve problems which arise in planning, prioritising, organising, directing/facilitating action and evaluating performance. Use systematic processes of collecting, analysing, and synthesising information to evaluate current practice and generate new understandings about practice.
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.
forecast economic trends
Gather and analyse economic data in order to predict economic trends and events.
maintain relationships with government agencies
Establish and maintain cordial working relationships with peers in different governmental agencies.
manage government policy implementation
Manage the operations of the implementation of new government policies or changes in existing policies on a national or regional level as well as the staff involved in the implementation procedure..
Optional knowledge 8 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
4 competencesinternational commercial transactions rules
Pre-defined commercial terms used in international commercial transactions which stipulate clear tasks, costs and risks associated with the delivery of goods and services.
international tariffs
The international tariffs, taxes, or duties that must be paid on a particular class of import or export materials.
policy analysis
Understanding of the basic tenets of policymaking in a specific sector, its implementation processes and its consequences.
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.
Cross-sector
4 competencesinternational business
The processes related to production or distribution of goods and services across borders.
international trade
The economic practise and study field that address the exchange of goods and services across geographic borders. The general theories and schools of thought around the implications of international trade in terms of exports, imports, competitivity, GDP, and role of multinational companies.
project management principles
Different elements and phases of project management.
- Scope note
- The different phases of project management include the development of the overall planning, planning of resources for projects, implementation, execution, performance control, project end and the evaluation of outcome.
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.
Optional skills and competences 5 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
1 competenceadvise on drafting policies
Provide specific knowledge and relevant considerations (e.g. financial, legal, strategic) on matters which should be considered when drafting policies.
Cross-sector
4 competencescarry out strategic research
Research long term possibilities for improvements and plan steps to achieve them.
establish collaborative relations
Establish a connection between organisations or individuals which may benefit from communicating with one another in order to facilitate an enduring positive collaborative relationship between both parties.
liaise with politicians
Liaise with officials fulfilling important political and legislative roles in governments in order to ensure productive communication and build relations.
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.
research