What is an Economics Professor?
Example of Economics Professor Job Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
List of Economics Professor Job Duties
- Conduct research in a particular field of knowledge and publish findings in professional journals, books, or electronic media.
- Advise students on academic and vocational curricula and on career issues.
- Supervise undergraduate or graduate teaching, internship, and research work.
- Perform administrative duties, such as serving as department head.
- Prepare and deliver lectures to undergraduate or graduate students on topics such as econometrics, price theory, and macroeconomics.
- Write grant proposals to procure external research funding.
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Economics Professor Needed Skills
Below is a list of the skills most Economics Professors say are important on the job.
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 Jobs
- Business Instructor
- Lecturer
- Entrepreneurial Finance Professor
- Adjunct Instructor in Economics
- Microeconomics Professor
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. There will be an estimated 1,500 positions for Economics Professor per year.
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.
How Much Does an Economics Professor Make?
Economics Professors make between $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 |
Tools & Technologies Used by Economics Professors
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
Education needed to be an Economics Professor:
How Long Does it Take to Become an Economics Professor?
Who Employs Economics Professors?
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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