The life of an economist...
Collecting information
Economists gather vast amounts of information from various sources, including newspaper articles, professional publications, reports, research journals, surveys and so on. Sometimes, they’re required to travel to conduct their own research.
Interpreting data
Having compiled the relevant qualitative and quantitative data, they begin interpreting and analysing the raw data in front of them. They structure their results as clearly as possible (with the help of models, drawings and tables) then put them into reports and summary notes. They may also work on funding and marketing studies, so called financial risk forecasts, as well as pricing analyses.
Sharing results
Unlike researchers, economists have to take their findings and turn them into exact and precise reports so they can be useful to companies. They need to be able to summarise and restate their research and conclusions in order to convince managers of their findings.