What is an Economics Professor?
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.
Life As an Economics Professor
- Advise students on academic and vocational curricula and on career issues.
- Plan, evaluate, and revise curricula, course content, course materials, and methods of instruction.
- Supervise undergraduate or graduate teaching, internship, and research work.
- Participate in campus and community events.
- Compile bibliographies of specialized materials for outside reading assignments.
- Collaborate with colleagues to address teaching and research issues.
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Things an Economics Professor Should Know How to Do
These are the skills Economics Professors say are the most useful in their careers:
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.
Other Economics Professor Job Titles
- Labor Economics Professor
- Labor Economics Teacher
- Faculty Member
- Entrepreneurial Finance Professor
- Econometrics Professor
Is There Job Demand for Economics Professors?
There were about 16,500 jobs for Economics Professor in 2016 (in the United States). 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. Due to new job openings and attrition, there will be an average of 1,500 job openings in this field each year.
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.
Economics Professors who work in New Hampshire, Rhode Island, or California, make the highest salaries.
Below is a list of the median annual salaries for Economics Professors 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
Becoming an Economics Professor
What education or degrees do I need to become an Economics Professor?
How Long Does it Take to Become an Economics Professor?
Where Economics Professors Work
The table below shows the approximate number of Economics Professors employed by various industries.
References:
Image Credit: pixabay via CC0 License
More about our data sources and methodologies.
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