ECONOMIST

ANZSCO 224311 - Registered Migration Australia

Description
An economist performs economic research and analysis, develops and applies theories about production and distribution of goods and services and people's spending and financial behaviour, and provides advice to governments and organisations on economic policy issues. In Australia an economist is a Skill Level 1 occupation.

 

Economist Alternative Title

 

• Economic Analyst

 

Specialisations

 

• Agricultural Economist
• Econometrician
• Economic Forecaster
• Environmental Economist
• Health Economist
• Labour Market Economist
• Mineral Economist
• Taxation Economist

 

 

Economist Occupation Lists
This occupation is on the following skill list:

 

• Combined Skilled Occupations List (STSOL MLTSSL)
• Medium Long Term Strategic Skills List (MLTSSL)
• RSMS Occupations List (RSMSL)

 

This occupation is not on the following skills list:

 

• Labour Market Testing Required for 457 List (LMTL)
• Short-Term Skilled Occupation List (STSOL)

 

 

 

Group: 2243 Economists

 

 

 

Economist job description - Registered Migration Australia

The job of an economist in Australia is to perform economic research and analysis, develop and apply theories about production and distribution of goods and services and people's spending and financial behaviour, and provide advice to governments and organisations on economic policy issues.

 

Note: Statisticians are excluded from this unit group. Statisticians are included in Unit Group 2241 Actuaries, Mathematicians and Statisticians.

 

Tasks

• analysing interrelationships between economic variables and studying the effects of government fiscal and monetary policies, expenditure, taxation and other budgetary policies on the economy and the community
• researching, analysing and assessing the effects of labour market programs and industry policies and programs on economic growth, welfare, education and training
• investigating international and national economic situations, and particular features such as industries, regions and socioeconomic groups
• studying workplace issues such as enterprise bargaining and wage fixation, and the effect of workplace policies on productivity and economic growth
• analysing trends and advising on economic issues such as taxation levels, prices, employment and unemployment, imports and exports, and interest and exchange rates
• forecasting changes in the economic environment for short-term budgeting, long- term planning and investment evaluation
• formulating recommendations, policies and plans for the economy, corporate strategies and investment, and undertaking feasibility studies for projects
• preparing reports on research findings

 

Skill Level
Most occupations in the economist unit group (Group 2243) have a level of skill commensurate with a bachelor degree or higher qualification (ANZSCO Skill Level 1). The number of job openings for economists going forward is expected to be low.

Occupations within the Economist Group

• 224311 Economist

 

Economist English Requirement

 

• IELTS result with a minimum score of 6 (L, R, W), 7 in speaking and 7 overall;
• OET result with a minimum grade B in all sections;
• TOEFL iBT with a minimum score (L:12 R:13 W:21 S:23 overall L93);
• PTE Academic with a minimum score of 50 (L, R, W), 65 in speaking and 65 overall

Exceptions

• Australian Graduate Exceptions apply in some states/territories
• Priority Skilled Lists may apply a specific requirement in some states/territories
• Countries exempt from submitting IELTS or OET include the UK; Canada; New Zealand; US; and Ireland

 

Where mandatory licensing or registration is required you must demonstrate a level of English either sufficient to meet licensing / registration or a minimum IELTS, or equivalent, whichever is higher.

 

• Information regarding the International English Testing System (IELTS)

 

Assessment Authority

 

• Economist is currently assessed with VETASSESS - (Vocational Education and Training Assessment Services)

 

Average Income

The average salary for an Economist in Australia is $ 145,549 for male employees and $ 89,182 for female employees per year. Average Age: Males: 48.4 Females: 31.5 Persons: 40.7

 

Source: www.abs.gov.au (Group 2243) Economists - Employee Earnings and Hours, Australia, May 2016

 

Please contact us if you would like assistance with your Economist skilled visa application. Registered Migration Australia is a licensed migration company. Our clients receive the highest possible rate of success from our years of experience and in-depth knowledge of Australia’s Skilled Migration program.