The tasks performed by business economists include forecasting the business environment, interpreting the impact of public policy on the firm, and collecting and processing data. Good quantitative skills provide qualification for research analyst positions in a broad range of fields. The federal government is one major source of employment for economists with an undergraduate education. A government position is entered by contacting the Federal Employment Information Center to find out about job openings in various agencies. A bachelor's degree in economics is a good qualification for an entry position.
Higher positions are open by obtaining a graduate degree or by promotion from within.
There are jobs for labor, international, development, and population economists, as well as micro-and macro economists. Working for Congress is a relatively new area for economists. Legislation and the issues facing Congress are becoming more complex and economic in nature and as a result Congress is turning to economists to give them advice on these issues. In order to teach at a college level it is essential to have a Ph.D. in economics. Faculty members usually divide their time among teaching, research, and administrative responsibilities.