Will AI Replace Economists?

Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.

Semi-structured task combining routine and non-routine responsibilities.

Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.

Semi-structured task combining routine and non-routine responsibilities.

Explain economic impact of policies to the public.

Semi-structured task combining routine and non-routine responsibilities.

Review documents written by others.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Supervise research projects and students' study projects.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.

Semi-structured task combining routine and non-routine responsibilities.

Develop economic guidelines and standards, and prepare points of view used in forecasting trends and formulating economic policy.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Teach theories, principles, and methods of economics.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy, and present recommendations based on cost-benefit analyses.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.

Semi-structured task combining routine and non-routine responsibilities.

Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.

Semi-structured task combining routine and non-routine responsibilities.