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Economics
Related positions: EconomicsOverview
Economists may specialize in areas like macroeconomics (national economies), microeconomics (individual markets), or specific fields like labor, health, or environmental economics.These professionals offer strategic advice on how economic shifts might impact lending, investments, and profitability, and help banks adapt to changing market conditions.
Economists work in various sectors including government, private industry, and academia, where they influence policy, contribute to business strategies, or conduct academic research. Typically, professionals in economics hold a degree in economics, finance, or a related field, while many further pursue advanced degrees or certifications.
Common tasks
| Task | Related trait(s) |
|---|---|
| Maintaining financial records accurate and up-to-date | Systematic Approach |
| Analyzing financial data and creating financial reports for stakeholders | Systematic Approach Quantitative Reasoning |
| Identifying potential areas for improvement | Systematic Approach Fluency of ideas |
| Providing financial advice | Integrity Fluency of ideas |
| Staying up-to-date with laws and regulations | Analytical Reading |
| Ensuring compliance with policies and procedures | Integrity |
| Cooperating with other departments and colleagues | Collaborative Support Trustworthiness Equality and fairness in leadership |
Soft skills measured by TraitForward
| Trait | No of Questions | Cronbach’s alpha (α) | |
|---|---|---|---|
| Collaborative Support | 6 | 0.73 | |
| Are they willing to support and prioritize others to foster a collaborative team environment? | |||
| Integrity | 8 | 0.71 | |
| Can they be trusted to act with honesty and uphold their commitments? | |||
| Analytical Reading | 5 | 0.72 | |
| Can they effectively engage with and understand complex reading material? | |||
| Sustained Attention | 7 | 0.76 | |
| Can they maintain focus and follow through on tasks despite distractions and obstacles? | |||
| Fluency of ideas | 7 | 0.76 | |
| Can they generate innovative ideas and explore multiple solutions to problems? | |||
| Quantitative Reasoning | 8 | 0.73 | |
| Can they confidently work with numbers and solve complex problems? | |||
| Systematic Approach | 9 | 0.78 | |
| Can they maintain order, attention to detail, and accuracy in their work? | |||
| Equality and fairness in leadership | 11 | 0.75 | |
| Can they treat others with fairness and respect, fostering an inclusive environment? | |||
| Trustworthiness | 9 | 0.74 | |
| Can they be relied upon to act with honesty and uphold established rules? | |||
| Persuasive Communication | 11 | 0.84 | |
| Can they engage and persuade others effectively through their communication? | |||
| Understanding others | 8 | 0.71 | |
| Can they empathize with and understand the perspectives of others effectively? | |||
Find out the psychometric properties for the Economics Traitforward questionnaire