Summary Report for:
25-1063.00 - Economics Teachers, Postsecondary
Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
Sample of reported job titles: Adjunct Professor, Assistant Professor, Associate Professor, Economics Instructor, Economics Lecturer, Economics Professor, Finance Professor, Instructor, Lecturer, Professor
Tasks | Technology Skills | Tools Used | Knowledge | Skills | Abilities | Work Activities | Detailed Work Activities | Work Context | Job Zone | Education | Credentials | Interests | Work Styles | Work Values | Related Occupations | Wages & Employment | Job Openings | Additional Information
- Prepare and deliver lectures to undergraduate or graduate students on topics such as econometrics, price theory, and macroeconomics.
- Prepare course materials, such as syllabi, homework assignments, and handouts.
- Conduct research in a particular field of knowledge and publish findings in professional journals, books, or electronic media.
- Keep abreast of developments in the field by reading current literature, talking with colleagues, and participating in professional conferences.
- Evaluate and grade students' class work, assignments, and papers.
- Plan, evaluate, and revise curricula, course content, course materials, and methods of instruction.
- Compile, administer, and grade examinations, or assign this work to others.
- Maintain student attendance records, grades, and other required records.
- Initiate, facilitate, and moderate classroom discussions.
- Supervise undergraduate or graduate teaching, internship, and research work.
- Maintain regularly scheduled office hours to advise and assist students.
- Advise students on academic and vocational curricula and on career issues.
- Collaborate with colleagues to address teaching and research issues.
- Select and obtain materials and supplies, such as textbooks.
- Perform administrative duties, such as serving as department head.
- Participate in student recruitment, registration, and placement activities.
- Compile bibliographies of specialized materials for outside reading assignments.
- Serve on academic or administrative committees that deal with institutional policies, departmental matters, and academic issues.
- Write grant proposals to procure external research funding.
- Analytical or scientific software — Insightful S-PLUS; Minitab ; StataCorp Stata; The MathWorks MATLAB (see all 14 examples)
- Calendar and scheduling software
- Computer based training software — Blackboard Learn; Learning management system LMS; Moodle; Sakai CLE (see all 6 examples)
- Data base user interface and query software — Data entry software; Microsoft Access
- Electronic mail software — Email software; Microsoft Outlook
- Financial analysis software — JessX
- Information retrieval or search software — DOC Cop; iParadigms Turnitin
- Internet browser software — Web browser software
- Object or component oriented development software — Python ; R ; Sun Microsystems Java
- Office suite software — Microsoft Office
- Optical character reader OCR or scanning software — Image scanning software
- Presentation software — Microsoft PowerPoint
- Spreadsheet software — Microsoft Excel
- Web page creation and editing software — Facebook
- Word processing software — Collaborative editing software; Google Docs ; Microsoft Word
Hot Technology — a technology requirement frequently included in employer job postings.
- Compact disk players or recorders — Compact disk CD players
- Desktop computers
- Digital camcorders or video cameras — Digital video cameras
- Digital cameras — Compact digital cameras
- Digital video disk players or recorders — Digital video disk DVD players
- Epidiascopes — Opaque projectors
- High capacity removable media drives — Universal serial bus USB flash drives
- Inkjet printers — Poster printers
- Laser fax machine — Laser facsimile machines
- Laser printers — Computer laser printers
- Liquid crystal display projector — Liquid crystal display LCD projectors
- Microphone stand — Microphone podiums
- Microphones — Handheld microphones; Wireless microphones
- MP3 players or recorders — MP3 digital voice recorders
- Multimedia projectors — Computer projectors; Multimedia projection equipment
- Notebook computers — Laptop computers
- Overhead projectors — Overhead data projectors
- Photocopiers — Photocopying equipment
- Portable data input terminals — Interactive whiteboard controllers; Student response systems
- Projection screens or displays — Projector screens
- Scanners — Computer data input scanners
- Scientific calculator — Digital calculators
- Slide projectors — Carousel slide projectors
- Special purpose telephones — Multi-line telephone systems
- Tablet computers
- Teleconference equipment — Conference telephones
- Televisions — Liquid crystal display LCD televisions; Television monitors
- Touch screen monitors — Interactive whiteboards
- Videoconferencing systems — Videoconferencing equipment
- Web cameras — Webcams
- Mathematics — Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- Education and Training — Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
- Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
- English Language — Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- 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.
- Instructing — Teaching others how to do something.
- Reading Comprehension — Understanding written sentences and paragraphs in work-related documents.
- Writing — Communicating effectively in writing as appropriate for the needs of the audience.
- Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
- Learning Strategies — Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
- Active Learning — Understanding the implications of new information for both current and future problem-solving and decision-making.
- Judgment and Decision Making — Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Complex Problem Solving — Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Mathematics — Using mathematics to solve problems.
- Systems Evaluation — Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
- Monitoring — Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
- Social Perceptiveness — Being aware of others' reactions and understanding why they react as they do.
- Systems Analysis — Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
- Oral Expression — The ability to communicate information and ideas in speaking so others will understand.
- Oral Comprehension — The ability to listen to and understand information and ideas presented through spoken words and sentences.
- Speech Clarity — The ability to speak clearly so others can understand you.
- Written Comprehension — The ability to read and understand information and ideas presented in writing.
- Written Expression — The ability to communicate information and ideas in writing so others will understand.
- Deductive Reasoning — The ability to apply general rules to specific problems to produce answers that make sense.
- Inductive Reasoning — The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
- Speech Recognition — The ability to identify and understand the speech of another person.
- Near Vision — The ability to see details at close range (within a few feet of the observer).
- Mathematical Reasoning — The ability to choose the right mathematical methods or formulas to solve a problem.
- Problem Sensitivity — The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
- Fluency of Ideas — The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
- Information Ordering — The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
- Number Facility — The ability to add, subtract, multiply, or divide quickly and correctly.
- Category Flexibility — The ability to generate or use different sets of rules for combining or grouping things in different ways.
- Memorization — The ability to remember information such as words, numbers, pictures, and procedures.
- Originality — The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
- Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.
- Training and Teaching Others — Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.
- Updating and Using Relevant Knowledge — Keeping up-to-date technically and applying new knowledge to your job.
- Thinking Creatively — Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.
- Identifying Objects, Actions, and Events — Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
- Working with Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
- Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
- Interpreting the Meaning of Information for Others — Translating or explaining what information means and how it can be used.
- Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
- Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work.
- Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems.
- Coaching and Developing Others — Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
- Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.
- Monitoring Processes, Materials, or Surroundings — Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.
- Judging the Qualities of Objects, Services, or People — Assessing the value, importance, or quality of things or people.
- Documenting/Recording Information — Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
- Communicating with People Outside the Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
- Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
- Scheduling Work and Activities — Scheduling events, programs, and activities, as well as the work of others.
Detailed Work Activities
- Teach social science courses at the college level.
- Develop instructional materials.
- Research topics in area of expertise.
- Write articles, books or other original materials in area of expertise.
- Attend training sessions or professional meetings to develop or maintain professional knowledge.
- Stay informed about current developments in field of specialization.
- Evaluate student work.
- Develop instructional objectives.
- Evaluate effectiveness of educational programs.
- Administer tests to assess educational needs or progress.
- Prepare tests.
- Guide class discussions.
- Maintain student records.
- Supervise student research or internship work.
- Advise students on academic or career matters.
- Direct department activities.
- Order instructional or library materials or equipment.
- Select educational materials or equipment.
- Perform student enrollment or registration activities.
- Promote educational institutions or programs.
- Compile specialized bibliographies or lists of materials.
- Serve on institutional or departmental committees.
- Write grant proposals.
- Advise educators on curricula, instructional methods, or policies.
- Plan community programs or activities for the general public.
- Electronic Mail — 96% responded “Every day.”
- Freedom to Make Decisions — 79% responded “A lot of freedom.”
- Structured versus Unstructured Work — 77% responded “A lot of freedom.”
- Face-to-Face Discussions — 51% responded “Every day.”
- Spend Time Sitting — 47% responded “Continually or almost continually.”
- Contact With Others — 45% responded “Constant contact with others.”
- Public Speaking — 68% responded “Once a week or more but not every day.”
- Indoors, Environmentally Controlled — 80% responded “Every day.”
- Duration of Typical Work Week — 60% responded “More than 40 hours.”
- Importance of Being Exact or Accurate — 45% responded “Extremely important.”
- Level of Competition — 29% responded “Extremely competitive.”
- Deal With External Customers — 52% responded “Important.”
- Time Pressure — 44% responded “Once a week or more but not every day.”
- Work With Work Group or Team — 40% responded “Fairly important.”
- Impact of Decisions on Co-workers or Company Results — 30% responded “Minor results.”
- Frequency of Decision Making — 50% responded “Once a year or more but not every month.”
- Telephone — 38% responded “Once a week or more but not every day.”
- Letters and Memos — 55% responded “Once a month or more but not every week.”
- Physical Proximity — 42% responded “Moderately close (at arm's length).”
|Title||Job Zone Five: Extensive Preparation Needed|
|Education||Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).|
|Related Experience||Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job.|
|Job Training||Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training.|
|Job Zone Examples||These occupations often involve coordinating, training, supervising, or managing the activities of others to accomplish goals. Very advanced communication and organizational skills are required. Examples include pharmacists, lawyers, astronomers, biologists, clergy, neurologists, and veterinarians.|
|SVP Range||(8.0 and above)|
Interest code: SI Want to discover your interests? Take the O*NET Interest Profiler at My Next Move.
- Social — Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.
- Investigative — Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.
- Analytical Thinking — Job requires analyzing information and using logic to address work-related issues and problems.
- Achievement/Effort — Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
- Integrity — Job requires being honest and ethical.
- Dependability — Job requires being reliable, responsible, and dependable, and fulfilling obligations.
- Independence — Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.
- Attention to Detail — Job requires being careful about detail and thorough in completing work tasks.
- Initiative — Job requires a willingness to take on responsibilities and challenges.
- Persistence — Job requires persistence in the face of obstacles.
- Self-Control — Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
- Innovation — Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems.
- Cooperation — Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
- Concern for Others — Job requires being sensitive to others' needs and feelings and being understanding and helpful on the job.
- Stress Tolerance — Job requires accepting criticism and dealing calmly and effectively with high-stress situations.
- Adaptability/Flexibility — Job requires being open to change (positive or negative) and to considerable variety in the workplace.
- Social Orientation — Job requires preferring to work with others rather than alone, and being personally connected with others on the job.
- Leadership — Job requires a willingness to lead, take charge, and offer opinions and direction.
- Achievement — Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.
- Independence — Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
- Recognition — Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status.
Wages & Employment Trends
|Median wages (2020)||$107,260 annual|
|Employment (2020)||16,000 employees|
|Projected growth (2020-2030)||Average (5% to 10%)|
|Projected job openings (2020-2030)||1,700|
|Top industries (2020)|
Source: Bureau of Labor Statistics 2020 wage data and 2020-2030 employment projections . "Projected growth" represents the estimated change in total employment over the projections period (2020-2030). "Projected job openings" represent openings due to growth and replacement.
Job Openings on the Web
Sources of Additional Information
Disclaimer: Sources are listed to provide additional information on related jobs, specialties, and/or industries. Links to non-DOL Internet sites are provided for your convenience and do not constitute an endorsement.
- Agricultural and Applied Economics Association
- American Association of University Professors
- American Economic Association
- American Finance Association
- Association for Evolutionary Economics
- Association of Environmental and Resource Economists
- Council of Graduate Schools
- Eastern Economic Association
- Economic History Association
- History of Economics Society
- National Association for Business Economics
- National Association of Forensic Economics
- Occupational Outlook Handbook: Postsecondary teachers
- Southern Economic Association
- The Association for Social Economics
- The Econometric Society
- Western Economic Association International