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Economics Professor

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What is an Economics Professor?

Job Description: Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

A Day in the Life of an Economics Professor

  • Keep abreast of developments in the field by reading current literature, talking with colleagues, and participating in professional conferences.
  • Participate in campus and community events.
  • Prepare and deliver lectures to undergraduate or graduate students on topics such as econometrics, price theory, and macroeconomics.
  • Collaborate with colleagues to address teaching and research issues.
  • Write grant proposals to procure external research funding.
  • Plan, evaluate, and revise curricula, course content, course materials, and methods of instruction.

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.

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.

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

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

  • Professor
  • Associate Professor
  • Industrial Economics Professor
  • Labor Economics Teacher
  • College or University Faculty Member

Job Opportunities for Economics Professors

In the United States, there were 16,500 jobs for Economics Professor in 2016. 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.

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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.

Economics Professor Average Salary

The typical yearly salary for Economics Professors is somewhere between $51,070 and $202,460.

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Economics Professors who work in New Hampshire, Rhode Island, or California, make the highest salaries.

Below is a list of the median annual salaries for Economics Professors 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?

Below is a list of the types of tools and technologies that Economics Professors may use on a daily basis:

  • 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
  • Course management system software
  • Sakai CLE
  • iParadigms Turnitin

How do I Become an Economics Professor?

Learn what Economics Professor education requirements there are.

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How many years of work experience do I need?

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Who Employs Economics Professors?

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Economics Professors work in the following industries:

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References:

Image Credit: pixabay via CC0 License

More about our data sources and methodologies.

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