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Major Group
2
Professionals
Sub-Major Group
28
Social and Cultural Professionals
Minor Group
282
Social and Religious Professionals
Unit Group
2821
Economists
Minor Unit Group
MASCO Code
2821-01
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Economist
Economist conducts research and analyses economic and household trends, data, and policies to develop theories and provide informed recommendations. They apply economic and management principles to understand and predict the behaviour of markets, consumption, production, and family or community well-being. They advise a government, organisation, or the public on policy, financial planning, resource management, and quality of life, typically working in a research institution, government agency, financial organisation, or community-based setting.
Tasks
Collect and analyse economic and statistical data using appropriate tools and software.
Develop economic and econometric models to forecast market, household, and policy trends.
Advise on economic policies, financial planning, and resource management to improve household or community well-being.
Monitor and interpret economic, market, and household indicators, and assess their implications.
Conduct cost-benefit analyses to support decision-making at policy, organisational, or community level.
Prepare reports and presentations on economic analysis for technical and non-technical audiences.
Develop and deliver educational programmes or workshops on economics, financial literacy, and sustainable resource management.
Collaborate with professionals, think tanks, and community agencies to apply economic insights and improve public or household outcomes.
Contribute to research publications and policy recommendations based on economic analysis.
Assess household or community resource use and recommend cost-effective and sustainable improvements.
Skills
Basic
Attention to detail, accuracy, and problem-solving for decision-making.
Effective verbal and written communication skills, presentation, and outreach abilities.
Proficiency in data collection, statistical, and data analysis methods.
Strong analytical and critical thinking skills for economic and household contexts.
Specific
Ability to advise on financial literacy, budgeting, and resource management for individuals and communities.
Ability to analyse household and community data to identify trends and forecast future needs.
Ability to develop and evaluate educational or training materials on economics and financial literacy.
Ability to present data-driven recommendations for decision-making in economic and social contexts.
Competency in policy analysis and evaluation of economic and social programmes.
Knowledge in financial markets and financial instruments, and ability to communicate related economic insights.
Knowledge in macroeconomics and microeconomics, and their effects on markets and society.
Proficiency in economic modelling and forecasting techniques for market, household, and policy analysis.
Proficiency in statistical and analytical software.
Additional Info
QUALIFICATION
Bachelor’s degree or equivalent
Related Courses
MASCO
Hi, I can assist you with questions related to the Malaysia Standard Classification of Occupations (MASCO).
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