Roles and responsibilities
- help formulate government economic policies – study the effects of government economic and monetary policies, expenditure, taxation and other budgetary controls on the economy and the community
- identify opportunities to improve efficiency and international competitiveness
- research, analyse and record the effects of government labour market programs on economic and industrial growth
- investigate the types of goods and services that are produced and consumed in Australia and in other countries
- study industrial relations issues such as wage fixation and the effect of industrial disputes on productivity
- prepare forecasts, analyse trends and advise on economic issues
- provide management personnel with economic information and advice.
Economists are employed by federal, state or territory government departments, employer organisations and trade unions, financial institutions (such as banks and insurance companies), other commercial organisations, and private consulting firms. Competition for available positions is strong and postgraduate study is recommended to improve employment prospects. Graduates often find work in administration, management and marketing. The demand for economists depends on the level of government and private research and analysis, as well as economic activity levels.