The Different Types of Economists

Economists dedicate their time to analyzing trends of a country, or small society’s economic state, and are highly sought after for their marketing, business, and financial expertise. While some economists may focus their studies on a specific company, market or industry, other economists may gather information from surveys and statistics to help predict future national or global trends. An economist has a variety of career options. Qualified candidates can opt for careers in microeconomics, macroeconomics, financial advisement for a company or firm, and can even can seek to teach at a university.

An economist who specializes in macroeconomics may research and interpret data about specific regional, national and global economies. Their research may comprise of information used from historical statistics, surveys, and longitudinal studies to help predict future economic changes and give advice and offer solutions to puzzling problems. Many people who choose a career in economics will devote their time, research and studies to a particular aspect of an economy. This can be anything from poverty rates, inflation, the manufacturing and distribution of raw materials and goods, to the success or failures of imports and exports. Politicians always have economists close at hand, and have them frequently monitor macroeconomic specifics, and to be aware of any current or future economics trends and changes that may affect that country or area. Many politicians will even shape their public policy decisions around the advice and consulting of their economists.

On the other end of the economist spectrum are economists who specialize in microeconomics. Microeconomist’s focus their research and studies on specific companies or industries. This expert will undergo detailed research into a companies financial affairs, and uses this information to either offer advice to the company, or to use it to their advantage for financial gain in the markets. Graphs and reports may also be created to help a company understand their supply and demand ratios, and will give advice on how to efficiently decide how much money should be allocated production. A microeconomist might also be tasked with helping business owners set pay scales for themselves and employees based on available funds and industry trends.

One professional who has held several positions as an economist in micro and macroeconomics is Christian Broda. Christian Broda earned his Bachelors degree from the University of San Andres in Argentina, and a Ph.D from the Massachussettes Institute of Technology (MIT). From 2005 to 2010 Broda taught economics at the University of Chicago, and from 2008 to 2010 he was head of international research at the heralded Lehman/Barclays Capital. Broda is currently the co-founder and managing director of Duquesne Capital Management in New York City.

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