What Does an International Economist Do?

An international economist studies the distribution of global resources, and is usually an expert on how different factors affect the world financial market. Workers in this field often hold advanced degrees, and are employed by governments and financial companies. Some international economists work as professors, and instruct students at colleges and universities.

International finance is often complex, and involves many different elements. Countries use a variety of currencies, each with a different exchange rate. The taxes and tariffs of each country can affect global trade. International economists are responsible for studying how all of these factors work together.

Research is one of the most valuable tools used by an international economist. Economy professionals often develop surveys to gather information from people around the world. Economists also create mathematical models, which are used to build forecasts and predictions of future financial changes. Economists must also present data in useful ways, and create reports and charts to communicate their ideas to other people.

A high amount of education is usually required for an individual who wishes to become an international economist. These professionals often take courses in history, microeconomics, and macroeconomics while in college. Some government economist positions require only a four-year bachelor's degree. Jobs with private companies, however, often require economists to have either a master's or doctorate degree.

In the corporate world, international economists focus on predicting global trends in order to increase business profits. These workers monitor financial conditions in foreign countries, and search for new international locations that have a demand for the company's products or services. Global economists must stay up to date on laws and regulations in different countries, and predict how changes will affect business operations.

Experts working for the government provide advice and projections regarding global economic policy. International economists often work within a political administration to develop plans for increasing exports and boosting international trade. Government economists sometimes study historical trends to see how previous decisions have influenced the world economy in the past.

International economists working for colleges and universities teach financial concepts to new students. Research is also a major part of the work performed by financial professionals within the educational system. Many universities require economists to conduct original studies and develop theories related to the global economy. This research is published in books and professional journals. An international economist must continually read scholarly papers and attend conferences to stay up to date on developments in the world market.