Performs economic research and analysis, develops and applies theories about production and distribution of goods and services and people's spending and financial behaviour, and provides advice to governments and organisations on economic policy issues.
Skill Level 1
Labour Market Economist
Caveats No caveats
Endorsed Correlations to ASCO Occupations
Group: 2243 Economists
perform economic research and analysis, develop and apply theories about production and distribution of goods and services and people's spending and financial behaviour, and provide advice to governments and organisations on economic policy issues.
Statisticians are excluded from this unit group. Statisticians are included in Unit Group 2241 Actuaries, Mathematicians and Statisticians.
analysing interrelationships between economic variables and studying the effects of government fiscal and monetary policies, expenditure, taxation and other budgetary policies on the economy and the community
researching, analysing and assessing the effects of labour market programs and industry policies and programs on economic growth, welfare, education and training
investigating international and national economic situations, and particular features such as industries, regions and socioeconomic groups
studying workplace issues such as enterprise bargaining and wage fixation, and the effect of workplace policies on productivity and economic growth
analysing trends and advising on economic issues such as taxation levels, prices, employment and unemployment, imports and exports, and interest and exchange rates
forecasting changes in the economic environment for short-term budgeting, long-term planning and investment evaluation
formulating recommendations, policies and plans for the economy, corporate strategies and investment, and undertaking feasibility studies for projects
preparing reports on research findings
Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification (ANZSCO Skill Level 1).
Requirements for Skills Assessment
This occupation requires a qualification assessed as comparable to the education level of an Australian Qualifications Framework (AQF) Bachelor Degree or higher degree and in a field highly relevant to the nominated occupation.
In addition to the above, it is essential for applicants to meet the following employment criteria:
- at least one year of post-qualification employment at an appropriate skill level,
- undertaken in the last five years,
- working 20 hours or more per week, and
- highly relevant to the nominated occupation.
Please note in order to achieve a successful Skills Assessment Outcome, a positive assessment for both qualifications and employment is required.
This occupation requires a qualification assessed as comparable to the educational level of an Australian Qualifications Framework (AQF) Bachelor degree or higher, in a field highly relevant to the nominated occupation. Applicants must also have at least one of highly relevant, post-qualification employment, at an appropriate skill level completed in the last five years. Applicants will not meet the required skill level if:
» The qualification(s) are not at the required
» The qualification(s) are not in a highly relevant field of study
» The employment has been completed prior to the
completion of the qualification.
A positive assessment of both qualifications and employment is required for a positive Skills Assessment outcome
AQF Bachelor degree or higher degree*
The highly relevant major field of study is Economics.
*This includes qualifications assessed at
AQF Bachelor, Master and Doctoral level.
Economists are usually employed by local and national governments, public and private banks, insurance companies, think tanks, large multinational companies and local authorities. Some economists work in an academic context, studying theoretical or applied economic issues and writing research papers or policy reports. Applicants for the occupation of Economist are expected to be developing and applying economic development theories, conducting in-depth analyses, and testing and applying economic theories to advise policy recommendations. Roles focused on financial analysis will not meet the requirements.