What skills does a economic adviser need?

A economic adviser needs 21 essential skills including organisational policies, politics, financial forecasting, business analysis, statistics. Core competencies include .

Will AI replace economic adviser jobs?

The AI disruption score for economic adviser is 79/100 (very high risk). Some tasks may be automated but the role will evolve rather than disappear entirely.

Public Administration & LegalLegal, social and cultural professionalsISCO 2631

economic adviser

Economic advisers research economic developments and advise on economic problems. They forecast trends and behaviour in economics, and advise on finance, trade, fiscal and other related matters. They advise companies and organisations on techniques to gain economic profit.

European Skills Framework

Skills and knowledge areas required for this occupation based on European classification.

Essential (21)

organisational policiesorganisational policiesThe policies to achieve set of goals and targets regarding the development and maintenance of an organisation.politicspoliticsThe method, process and study of influencing people, gaining control over a community or society, and the distribution of power within a community and between societies.financial forecastingfinancial forecastingThe tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.business analysisbusiness analysisThe research field which addresses the identification of business needs and problems and the determination of the solutions that would mitigate or prevent the smooth functioning of a business. Busines...statisticsstatisticsThe study of statistical theory, methods and practices such as collection, organisation, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of ...economicseconomicsEconomic principles and practices, financial and commodity markets, banking and the analysis of financial data.strategic planningstrategic planningThe elements defining the foundation and core of an organisation such as its mission, vision, values, and objectives.market analysismarket analysisThe field of market analysis and research and its particular research methods.company policiescompany policiesThe set of rules that govern the activity of a company.analyse market financial trendsanalyse market financial trendsMonitor and forecast the tendencies of a financial market to move in a particular direction over time.develop organisational policiesdevelop organisational policiesDevelop and supervise the implementation of policies aimed at documenting and detailing the procedures for the operations of the organisation in the lights of its strategic planning.apply statistical analysis techniquesapply statistical analysis techniquesUse models (descriptive or inferential statistics) and techniques (data mining or machine learning) for statistical analysis and ICT tools to analyse data, uncover correlations and forecast trends.advise on economic developmentadvise on economic developmentAdvise organisations and institutions on the factors and steps they could take which would promote and ensure economic stability and growth.develop financial statistics reportsdevelop financial statistics reportsCreate financial and statistical reports based on collected data which are to be presented to managing bodies of an organisation.analyse economic trendsanalyse economic trendsAnalyse developments in national or international trade, business relations, banking, and developments in public finance and how these factors interact with one another in a given economic context.monitor company policymonitor company policyMonitor the company's policy and propose improvements to the company.comprehend financial business terminologycomprehend financial business terminologyGrasp the meaning of basic financial concepts and terms used in businesses and financial institutions or organisations.carry out statistical forecastscarry out statistical forecastsUndertake a systematic statistical examination of data representing past observed behaviour of the system to be forecast, including observations of useful predictors outside the system.assess risk factorsassess risk factorsDetermine the influence of economical, political and cultural risk factors and additional issues.supervise advocacy worksupervise advocacy workManage the aim to influence political, economic and social decisions. Make sure ethics and policies are followed.maintain financial recordsmaintain financial recordsKeep track of and finalise all formal documents representing the financial transactions of a business or project.

Optional (18)

environmental economicsenvironmental economicsThe subfield of economics that studies the efficient allocation of environmental resources to the aim of minimizing the negative impacts on the natural environment.government policy implementationgovernment policy implementationThe procedures related to the application of government policies at all levels of public administration.public financepublic financeThe economic influence of the government, and the workings of government revenue and expenditures.civil lawcivil lawThe legal rules and their applications used in disputes between different parties.scientific research methodologyscientific research methodologyThe theoretical methodology used in scientific research involving doing background research, constructing an hypothesis, testing it, analysing data and concluding the results.inspect government expendituresinspect government expendituresInspect the financial procedures of a government organisation which deals with budget and resource allocation and spending to ensure that no faults are being made and no suspicious activity occurs in ...maintain relations with local representativesmaintain relations with local representativesMaintain good relations with representatives of the local scientific, economic and civil society.liaise with local authoritiesliaise with local authoritiesMaintain the liaison and exchange of information with regional or local authorities.ensure information transparencyensure information transparencyEnsure that required or requested information is provided clearly and completely, in a manner which does not explicitly withhold information, to the public or requesting parties.analyse big dataanalyse big dataCollect and evaluate numerical data in large quantities, especially for the purpose of identifying patterns between the data.use business simulation toolsuse business simulation toolsEmploy software to perform simulations to improve business skills such as business acumen, financial and market analysis and decision making.maintain relationships with government agenciesmaintain relationships with government agenciesEstablish and maintain cordial working relationships with peers in different governmental agencies.inspect government incomesinspect government incomesInspect the resources available to a national or local government organisation, such as tax incomes, to ensure that the incomes are compliant with the income expectations, that no faults are being mad...advise on public financeadvise on public financeAdvise public organisations such as governmental organisations on their financial operations and procedures, to ensure optimal efficiency.advise on government policy complianceadvise on government policy complianceAdvise organisations on how they may improve their compliance to the applicable government policies they are required to adhere to, and the necessary steps which need to be taken in order to ensure co...report analysis resultsreport analysis resultsProduce research documents or give presentations to report the results of a conducted research and analysis project, indicating the analysis procedures and methods which led to the results, as well as...present reportspresent reportsDisplay results, statistics and conclusions to an audience in a transparent and straightforward way.advise on legislative actsadvise on legislative actsAdvise officials in a legislature on the propositioning of new bills and the consideration of items of legislation.