Industrial Economist 

Economists study the way societies use resources such as land, labour, raw material and machinery to produce goods and services. Industrial Economists focus on the effect of factors such as government policy, international trade regulations and labour relations on the sectors in which businesses operate. 

Industrial Economists consider all social, political and other factors (locally and abroad) that have an effect on the local and global economy. 

Conduct research, prepare reports, or formulate plans to aid in solution of economic problems arising from production and distribution of goods and services. May collect and process economic and statistical data using econometric and sampling techniques. 

Provide advice and consultation on economic relationship to business, public and private agencies and other employers.

Compile, analyze, and report data to explain economic phenomena and forecast market trends, apply mathematical models and statistical techniques. Formulate recommendations, policies or plans to solve economic problems to interpret markets.

Four different types of industrial economists can be identified as: 

- Those employed at large corporations on a fulltime basis gather information, assess the impact of industrial economic factors on the organization and advice top management accordingly. 

- Those at educational institutions conduct ongoing research and deliver lectures. Their approach to the subject should be creative and they may develop original economic theories based on research. Large corporations normally seek the professional advice of industrial economists. 

- Techno-Economists are research – oriented and are normally employed by research institutions. 

- Business Industrial Economists are employed by corporations in the private sector as financial, marketing, production or general managers. Their responsibility is to identify areas of potential benefit or disaster and make recommendations to senior management. 

 

 

 

 

 

Top Career Paths: Industrial Economics 

General Job Description for Industrial Economist 

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric models. 

Top Industrial Economist Job 

-Industrial Organization Economist: US Legislative Branch, Washington D.C – Experienced in applied industrial organization, market design.

Salary range = $130,000 - $160,000 a year 

-Industrial Organization Economist: Congressional Budget Office – Washington DC 

Experience in applied industrial organization and market design. 

Estimated salary range = $63,000 - $83,000 a year

 

Industrial Economist (ARRA) SALARY RANGE: 102,721.00 - 133,543.00 USD /year GRADE: GS-0110- 14/14 POSITION INFORMATION: Full-Time PROMOTION POTENTIAL: NONE DUTY LOCATIONS:

Job Title: Pro-Industrial Economist:

 Description Economist 

The Information Technology and Innovation Foundation – a Washington, DC think tank – hire an economist to lead a research program on policies to boost U.S. industrial competitiveness. The ideal applicant understands and appreciates the need for active government policies to spur productivity growth and international economic competitiveness, particularly in the manufacturing sector.

Essential Responsibilities: 

Conduct a policy research program focusing on U.S. global economic competitiveness, including manufacturing innovation, and tax, budget, and trade policies to support it. Write policy reports, blog posts and other materials on industrial competitiveness.

Speak at forums.

Organize policy conferences, roundtables, and other events on U.S. competitiveness policy. Qualifications Requirements: An ability to write for policy audiences.

An understanding of conventional neo-classical economics, but also an appreciation of its fundamental limitations as a guide for policy to spur growth and industrial competitiveness.

Location: District of Columbia-Washington/ Metro / USA Working Term: Permanent Position Salary (USD): 50K - 60K 

· Production Manager 

· Industrial supplies

 

Job Title: Pro-Industrial Economist: Description Economist 

The Information Technology and Innovation Foundation – a Washington, DC think tank – hire an economist to lead a research program on policies to boost U.S. industrial competiveness. 

The ideal applicant understands and appreciates the need for active government policies to spur productivity growth and international economic competiveness, particularly in the manufacturing sector. 

Essential Responsibilities: Conduct a policy research program focusing on U.S. global economic competiveness, including manufacturing innovation, and tax, budget, and trade policies to support it. Write policy reports, blog posts and other materials on industrial competitiveness. 

Speak at forums: Organize policy conferences, roundtables, and other events on U.S. competitiveness policy. 

Qualifications Requirements: An ability to write for policy audiences. An understanding of conventional neo-classical economics, but also an appreciation of its fundamental limitations as a guide for policy to spur growth and industrial competitiveness. 

Location: District of Columbia-Washington/ Metro / USA Working Term: Permanent Position Salary (USD): 50K - 60K