Life As an Economics Professor
Job Description & Duties Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
Daily Life Of an Economics Professor
- Compile bibliographies of specialized materials for outside reading assignments.
- Participate in campus and community events.
- Participate in student recruitment, registration, and placement activities.
- Initiate, facilitate, and moderate classroom discussions.
- Compile, administer, and grade examinations, or assign this work to others.
- Serve on academic or administrative committees that deal with institutional policies, departmental matters, and academic issues.
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Things an Economics Professor Should Know How to Do
Economics Professors state the following job skills are important in their day-to-day work.
Speaking: Talking to others to convey information effectively.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Instructing: Teaching others how to do something.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Types of Economics Professor
- Agricultural Economics Professor
- Finance Professor
- Professor
- Adjunct Instructor in Economics
- Economics Lecturer
Job Outlook for Economics Professors
There were about 16,500 jobs for Economics Professor in 2016 (in the United States). New jobs are being produced at a rate of 10.9% which is above the national average. The Bureau of Labor Statistics predicts 1,800 new jobs for Economics Professor by 2026. The BLS estimates 1,500 yearly job openings in this field.
The states with the most job growth for Economics Professor are Oregon, Colorado, and California. Watch out if you plan on working in Wyoming, Vermont, or New Hampshire. These states have the worst job growth for this type of profession.
Do Economics Professors Make A Lot Of Money?
The salary for Economics Professors ranges between about $51,070 and $202,460 a year.
Economics Professors who work in New Hampshire, Rhode Island, or California, make the highest salaries.
How much do Economics Professors make in different U.S. states?
| State | Annual Mean Salary |
|---|---|
| Alabama | $114,020 |
| Arkansas | $94,750 |
| California | $139,050 |
| Colorado | $104,530 |
| Connecticut | $98,870 |
| District of Columbia | $110,350 |
| Florida | $116,920 |
| Georgia | $101,590 |
| Hawaii | $87,520 |
| Idaho | $83,550 |
| Illinois | $128,340 |
| Indiana | $126,230 |
| Iowa | $133,600 |
| Kansas | $114,000 |
| Kentucky | $85,500 |
| Louisiana | $101,670 |
| Maine | $99,630 |
| Maryland | $119,300 |
| Massachusetts | $125,120 |
| Michigan | $111,530 |
| Minnesota | $110,060 |
| Mississippi | $96,740 |
| Missouri | $108,240 |
| Nebraska | $99,920 |
| Nevada | $79,310 |
| New Hampshire | $161,830 |
| New Jersey | $117,220 |
| New York | $129,370 |
| North Carolina | $106,080 |
| North Dakota | $93,610 |
| Ohio | $109,960 |
| Oregon | $110,860 |
| Pennsylvania | $131,060 |
| Rhode Island | $156,620 |
| South Carolina | $70,190 |
| South Dakota | $86,280 |
| Tennessee | $130,170 |
| Texas | $115,240 |
| Utah | $117,380 |
| Virginia | $101,290 |
| Washington | $89,490 |
| West Virginia | $90,800 |
| Wisconsin | $119,560 |
What Tools & Technology do Economics Professors Use?
Although they’re not necessarily needed for all jobs, the following technologies are used by many Economics Professors:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- Data entry software
- Email software
- The MathWorks MATLAB
- Google Docs
- R
- Minitab
- StataCorp Stata
- Calendar and scheduling software
- Blackboard Learn
- Learning management system LMS
- Collaborative editing software
- DOC Cop
- iParadigms Turnitin
How to Become an Economics Professor
What education or degrees do I need to become an Economics Professor?
How many years of work experience do I need?
Where do Economics Professors Work?
Below are examples of industries where Economics Professors work:
References:
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More about our data sources and methodologies.
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