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{rate, high, increase}
{company, market, business}
{work, book, publish}
{theory, work, human}
{school, student, university}
{law, state, case}
{government, party, election}
{household, population, female}
{game, team, player}

An economist is a professional in the social science discipline of economics.[1] The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophical theories to the focused study of minutiae within specific markets, macroeconomic analysis, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, economics computational models, financial economics, mathematical finance and mathematical economics.


In academia

The professionalization of economics, reflected in academia, has been described as "the main change in economics since around 1900."[2] Economists debate the path they believe their profession should take. It is, primarily, a debate between a scholastic orientation, focused on mathematical techniques, and a public discourse orientation, which is more focused on communicating to lay people pertinent economic principles as they relate to public policy. Surveys among economists indicate a preference for a shift toward the latter. However, these preferences expressed in private often differ with what is actually acted out in the public eye.[3]

Most major universities have an economics faculty, school or department, where academic degrees are awarded in economics. However, many prominent economists come from a background in mathematics, engineering, business, law, sociology, or history. Getting a PhD in economics takes six years, on average, with a median of 5.3 years.[4]

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