What are the job responsibilities of an economist?

Nowadays, the profession of economist is not only the most popular, but also one of the most popular. She is especially loved by young people who, according to statistics, choose faculties of this direction more often than others to get an education. But do all applicants understand what it means to work in this area and what is the responsibility of an economist? What are the main functions of such an employee? Let's try to answer these questions.

job responsibilities of an economist
In short, an economist is a specialist in economic activity. His job responsibilities and work as a whole have something in common with the activities of a financier, accountant, manager and other similar specialties. Such employees are required where you need to work with finances, clearly plan and calculate them. They exercise control over the expenditure of funds, analyze the activities of the enterprise as a whole and determine its profitability.

The job responsibilities of an economist are primarily the development and coordination of tasks, which are based on the compilation of statistical reports and documentation.

The basis of the activities of such a specialist is the job description, which is compiled when applying for a job, and the order of the head of the company. Let us consider in more detail the functional responsibilities of an economist.

The main task is the implementation of economic activity, which is aimed at improving the enterprise, improving product quality, optimal use of resources. In addition, this specialist calculates the material, financial and labor costs that are necessary for the production of goods and their implementation, the development of new technologies. The job responsibilities of an economist also include:

  • job responsibilities of an economist
    determination of the effectiveness of the organization of production and labor;
  • introduction of innovations, new equipment to improve the work of the company;
  • development of production and business plans;
  • execution of materials for the preparation of contracts and control over the fulfillment of obligations under them;
  • conducting various marketing research and forecasting production development;
  • work with calculations, checking the correctness of settlement operations;
  • maintaining periodic reporting.

In addition to performing the basic duties listed above, the economist must constantly study specialized literature that is relevant to his work.

What does a job applicant need to know in order to successfully fulfill the job responsibilities of an economist? The basis of the activities of such a specialist is a series of legislative acts, orders, documents, decrees and orders that regulate his work. To become an economist, you need to be well-versed in planning and accounting documentation, business plans, regulatory materials, methods of economic analysis and statistical accounting of various indicators.

In addition to the fact that the employee is obliged to perform the duties of an economist, he must possess such qualities as the ability to work hard and hard, adherence to principles, clarity, courage, concentration, and accuracy. He must have well-developed constructive and logical thinking and be emotionally stable.

economist job responsibilities

So, an economist whose job responsibilities will differ depending on the particular place of work is a very difficult profession. Only a motivated and competent person who is willing to work hard and constantly improve can become a professional in this field of activity.


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