What is the work of an economist
Who is an economist?
In General, the economist is a specialist who is responsible for the result of economic activities of the company. The specialty of economist by occupation with similar occupations financier, accountant, marketer, Manager. Economists are needed in all structures where there is a need in the planning and implementation of control over financial flows, analysis of financial performance of the organization, the definition of profitability.
The profession of economist in the modern world has become popular in connection with the development of international trade, market relations, but despite this, its history goes back many years. The economist notion appeared in Ancient Greece. It would characterize a person who was engaged in housekeeping. He led the analysis of the household. The very first economist – Aristotle. He developed a theory about the usefulness of cost of production and commodity exchange.
Responsibilities of an Economist
Coordination of implementation and development of planned tasks on the basis of statistics – the main function of an economist. The task of the economist is the implementation of economic activities aimed at improving the efficiency of work of the organization and its profitability, achieving the highest results through optimal expenditure of material, financial and human resources, based on data statistics for all structural activities of the company.
The duties of an economist include:
1. determination of the efficiency of production and labor activity;
2. calculation of financial, material and labor costs necessary for the implementation and production of products;
3. maintaining periodic reports, developing, maintaining and updating a database of information of an economic nature, making changes to the database that occurred during data processing;
4. keeping records of indicators on all the results of the company's economic and financial activities.
What does an economist need to know?
In addition to their direct responsibilities, the economist must know the regulatory framework for auditing and accounting, economic activity, and statistical planning of the company.
You cannot be a professional without specialist knowledge of planning and accounting documentation, the organization of statistical and operational accounting, methods of economic analysis. A good economist knows the market methods of management and production technology.