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Economist -ANZSCO : 224311

Skill Level 1
State Capital Visa subclass 189 Visa subclass 190 Visa subclass 489
ACT Australian Capital Territory Canberra
NSW New South Wales Sydney
NT Northern Territory Darwin
QLD Queensland Brisbane
SA South Australia Adelaide
TAS Tasmania Hobart
VIC Victoria Melbourne
WA Western Australia Perth

ANZSCO 224311: ECONOMIST

Major Group: 2 – Professionals | Sub-Major Group: 22 – Business, Human Resource and Marketing Professionals | Minor Group: 224 – Information and Organisation Professionals | Unit Group: 2243 – Economists
Description: 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 : Occupations at Skill Level 1 have a level of skill commensurate with a bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.
Alternative Titles
  • Economic Analyst
Alternative titles are any commonly used alternative title (or titles) for the occupation. These alternative titles have the same meaning as the principal title but may be less commonly used.
Specialisations
  • Agricultural Economist
  • Econometrician
  • Economic Forecaster
  • Environmental Economist
  • Health Economist
  • Labour Market Economist
  • Mineral Economist
  • Taxation Economist
Specialisation titles are any commonly used titles which refer to a subset of jobs belonging to the occupation designated in the principal title. These jobs involve the performance of specialised tasks rather than the broader range of tasks usually performed in the occupation.

UNIT GROUP 2243: ECONOMISTS

Description: 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.
Skill Level: Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification (ANZSCO Skill Level 1).
Tasks
  • 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