Individuals that specialize in studying international trade are called trade economists. They are well-grounded in the general principles of economics but their focus is on conducting research performing statistical analyses and writing reports on the types of international trade that have taken place in the past and also that are ongoing. The goal of these activities is to determine how international trade is affecting the standard of living in their home countries but trade economists should have an understanding of international politics. Trade economists must be familiar with computers and remain up-to-date on sophisticated statistical packages that allow them to devise models that help them to determine how trade is affecting the local or national economy and allow them to project future market trends. They often travel to national and international trade conferences to present their own reports and be exposed to trade economists from their own and from foreign countries. Trade economists are employed by banks or other financial institutions or they work for private marketing organizations or research institutes. However some work for the government or for nongovernmental organizations (NGOs) that are involved with global economics. Others work in the educational sector teaching and conducting international economic research. Trade economists must have a minimum of a bachelor’s degree with a focus on economics business andor finance. Those with a master’s in business administration (MBA) or a related degree are usually at an advantage when applying for job positions especially at the senior level. Trade economists that aspire to academic positions at colleges or universities must have a master’s degree (usually an MBA) or preferably a doctoral degree. Earnings for trade economists vary considerably depending on type of employer experience and credentials but the median salary is approximately $78000.
|Education Required:||Bachelor's Degree|
|Tasks:||Understands economic trends.
Analyzes statistical information.
Anticipates economic changes.
Forecasts production and demand for goods.
|Also Called:||Economic Researcher