What is an Economics Professor?
Occupation Description Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
A Day in the Life of an Economics Professor
- Evaluate and grade students’ class work, assignments, and papers.
- Maintain regularly scheduled office hours to advise and assist students.
- Supervise undergraduate or graduate teaching, internship, and research work.
- Collaborate with colleagues to address teaching and research issues.
- Prepare and deliver lectures to undergraduate or graduate students on topics such as econometrics, price theory, and macroeconomics.
- Write grant proposals to procure external research funding.
What Every Economics Professor Should Know
Below is a list of the skills most Economics Professors say are important on the job.
Speaking: Talking to others to convey information effectively.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Instructing: Teaching others how to do something.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Related Job Titles for this Occupation:
- Assistant Professor
- Labor Economics Teacher
- Agricultural Economics Professor
- Labor Economics Professor
Economics Professor Employment Estimates
In the United States, there were 16,500 jobs for Economics Professor in 2016. New jobs are being produced at a rate of 10.9% which is above the national average. The Bureau of Labor Statistics predicts 1,800 new jobs for Economics Professor by 2026. Due to new job openings and attrition, there will be an average of 1,500 job openings in this field each year.
The states with the most job growth for Economics Professor are Oregon, Colorado, and California. Watch out if you plan on working in Wyoming, Vermont, or New Hampshire. These states have the worst job growth for this type of profession.
What is the Average Salary of an Economics Professor
The typical yearly salary for Economics Professors is somewhere between $51,070 and $202,460.
Economics Professors who work in New Hampshire, Rhode Island, or California, make the highest salaries.
How much do Economics Professors make in each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$110,350|
What Tools do Economics Professors Use?
Below is a list of the types of tools and technologies that Economics Professors may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- Data entry software
- Email software
- The MathWorks MATLAB
- Google Docs
- StataCorp Stata
- Calendar and scheduling software
- Blackboard Learn
- Learning management system LMS
- Course management system software
- Sakai CLE
- iParadigms Turnitin
How do I Become an Economics Professor?
Individuals working as an Economics Professor have obtained the following education levels:
How Long Does it Take to Become an Economics Professor?
Who Employs Economics Professors?
Below are examples of industries where Economics Professors work:
More about our data sources and methodologies.
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