Economists are concerned with the question of how the material needs of people can best be satisfied using available resources of labour, capital, technology, and those derived from nature.
An economist analyses and describes the relationship between the supply and demand for goods and services - what is to be produced, how it is to be produced and for whom. They use their expertise to describe, analyse and advise on a wide range of economic issues: tax or wage problems; economic policies; explaining the causes of unemployment and of inflation.
Economists serve as consultants to businesses, individuals, and government departments.
Economists in Business: Organisations provide valuable information concerning strategic vision and they comment on fluctuations in the economy. They interpret government economic policies and their effect on the economy and on sectors in which business operates. They also undertake investment analyses and advise portfolio managers. Economists attached to private manufacturing organisations, advise management on issues relating to the supply, production and marketing of products.
Economists in Public Service: Government bodies employ the majority of specialist economists to tackle such issues as development, inflation, pollution and the availability of food and housing resources, taxation, subsidy structures, budgets, macroeconomics, transport and energy policies, international trade, tariffs, surcharges and foreign loan negotiations. Government economists assess economic conditions in the country and abroad and recommend changes in government policies, if necessary.
Economists in Journalism: specialist magazines such as financial posts and newspapers, employ economists to inform their readers about financial issues.
Economists in Education: Teaching and research institutes need academic economists with specialised knowledge to teach economics, and they can also act as consultants to firms or government bodies.
Economists can work in a wide range of interesting areas such as inflation, participation in international trade, promotion of economic growth and development, taxation, monetary and fiscal problems and many other aspects of immense importance to individuals and society.
A thorough knowledge of economic theory and economic politics is necessary, as well as a vision within the framework of specific environmental factors.
Normal office hours, interesting problems, pleasant conditions and working with people of like interests make this profession rewarding on the whole. Depending on which field is entered, there is an enormous amount of data to assimilate and market research facts and figures to digest. In order to make accurate assessments of problem areas, travelling might be necessary to see what could be done to improve matters.
Adventist University of Central Africa, Alliance International University, Botswana College of Agriculture and Natural Resources, Catholic Institute of Kabgayi, Catholic University College of Ghana, Catholic University of Eastern African, Cavendish University, College of Intergrated Healthcare, Damelin, Daystar University, Egerton University, Embu University College, Garden City University College, Ghana Institute of Management and Public Administration, Gideon Roberts University, Institute of Applied Sciences, Institute of Development Management, Jomo Kenyatta University of Agriculture and Technology, Jomo Kenyatta University of Agriculture and Technology (Tanzania), Kampala Institute of Vocational Training and Business Studies, Karatina University, Kenneth Kaunda Metropolitan University, Kenya Methodist University, Kenyatta University, Kepler Kigali, Kibabii University, Kibogora Polytechnic, Kigali Independent University, Kirinyaga University College, Kisii University, Kwame Nkrumah University of Science & Technology, Kyambogo University, Laikipia University, Maasai Mara University, Machakos University College, Makerere University, Masinde Muliro University of Science and Technology, Mega Size College, Meritorious Biz Tech College, Meru University of Science and Technology, Methodist University College Ghana, Moi University, Mount Kenya University, Mulungushi University, Mzumbe University, National University of Lesotho, Nelson Mandela Metropolitan University, North-West University, Open University of Tanzania, Presbyterian University College, Rhodes University, Sokoine University of Agriculture, Soroti University, South Eastern Kenya University, St Paul's University, St. Augustine College of South Africa, St. Augustine University of Tanzania, Strathmore University, Technical University of Kenya, Texila American University, The Copperbelt University, Tom Mboya University College, Trinity University, Triumphant College, Uganda Martyrs University, Uganda Technology and Management University, University for Development Studies, University of Africa, University of Botswana, University of Cape Coast, University of Cape Town, University of Eldoret, University of Ghana, University of Johannesburg, University of Kabianga, University of Kigali, University of Kisubi, University of Lusaka, University of Malawi (Chancellor College), University of Mauritius, University of Mpumalanga, University of Nairobi, University of Namibia, University of Pretoria, University of Rwanda, University of South Africa, University of Stellenbosch, University of Swaziland, University of Technology and Arts of Byumba, University of the Free State, University of the Western Cape, University of Zambia, Valley University of Science and Technology, Valley View University, Zambia Catholic University, Zambian Open University