They work in both the public and private sectors. Economists in industry and government are primarily advisors. They keep policy makers informed on the economic environment in which their own organization operates. Using knowledge of the economy, the industry, and organization, they recommend solutions to economic problems. They design surveys, gather data, and prepare written reports to convey their recommendations.
Economists use statistical methods and standardized economic models in their work.
They often develop new techniques to resolve problems. Some of the routine aspects of the work may be done by one or more research assistants. They make daily decisions regarding their products and services in today's complex and competitive markets. These decisions, important to the welfare of their companies, must be based on the best available information, usually gathered through surveys. This information is compiled by the analysts, who plan, design, implement, and analyze survey results .