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Economics Professor

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What You Need to Know About 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.

Daily Life Of an Economics Professor

  • Conduct research in a particular field of knowledge and publish findings in professional journals, books, or electronic media.
  • Act as advisers to student organizations.
  • Keep abreast of developments in the field by reading current literature, talking with colleagues, and participating in professional conferences.
  • Provide professional consulting services to government or industry.
  • Serve on academic or administrative committees that deal with institutional policies, departmental matters, and academic issues.
  • Prepare course materials, such as syllabi, homework assignments, and handouts.

Economics Professor Skills

When polled, Economics Professors say the following skills are most frequently used in their jobs:

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

  • Econometrics Professor
  • Assistant Professor
  • Adjunct Instructor
  • Agricultural Economics Professor
  • Economics Faculty Member

Are There Job Opportunities for Economics Professors?

In 2016, there was an estimated number of 16,500 jobs in the United States for Economics Professor. 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. There will be an estimated 1,500 positions for Economics Professor per 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

The average yearly salary of an Economics Professor ranges between $51,070 and $202,460.

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 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 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

Learn what Economics Professor education requirements there are.

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

Below are examples of industries where Economics Professors work:

Economics Professor Industries

References:

Image Credit: pixabay via CC0 License

More about our data sources and methodologies.

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