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Economics Professor

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All About Economics Professors

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.

Life As an Economics Professor: What Do They Do?

  • Evaluate and grade students’ class work, assignments, and papers.
  • Write grant proposals to procure external research funding.
  • Plan, evaluate, and revise curricula, course content, course materials, and methods of instruction.
  • 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.
  • Provide professional consulting services to government or industry.

Economics Professor 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 Jobs

  • College Professor
  • Agricultural Economics Professor
  • Associate Professor
  • Teacher
  • Economics Professor

Economics Professor Job Outlook

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. Due to new job openings and attrition, there will be an average of 1,500 job openings in this field each year.

Forecasted Number of Jobs for Economics Professors in U.S.

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.

Salary for an Economics Professor

Economics Professors make between $51,070 and $202,460 a year.

Salary Ranges for Economics Professors

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

How much do Economics Professors make in each U.S. state?

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
  • Course management system software
  • Sakai CLE
  • iParadigms Turnitin

How to Become an Economics Professor

What education or degrees do I need to become an Economics Professor?

Economics Professor Degree Level

How many years of work experience do I need?

Economics Professor Work Experience

Where do Economics Professors Work?

Economics Professor Sectors

The table below shows some of the most common industries where those employed in this career field work.

Economics Professor Industries

References:

Image Credit: pixabay via CC0 License

More about our data sources and methodologies.

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