Industrial Economist

Economists study the ways societies use resources such as land, labour, raw material and machinery to produce goods and services. Industrial economists focus on the effect of factors such as government policy, international trade regulations and labour relations on the sectors in which businesses operate.

Industrial economists consider all social, political and other factors (locally and abroad) that have an effect on the economy. At least four different types of industrial economists can be identified:

Those employed at large corporations on a full-time basis gather information, assess the impact of industrial economic factors on the organisation and advise top management accordingly.

Those at educational institutions conduct ongoing research and deliver lectures. Their approach to the subject should be creative and they may develop original economic theories based on research. Large corporations sometimes seek the professional advice of these economists.

Techno-economists are research-orientated and are normally employed by research institutions such as the CSIR. They usually have additional qualifications in a technical or scientific field.
Business economists are employed by corporations in the private sector as financial, marketing, production or general managers. Their responsibility is to identify areas of potential benefit or disaster and make recommendations to senior management.


  • universities and universities of technology

  • research organisations

  • large companies

  • manufacturing firms

  • mines

  • agricultural firms

  • financial institutions

  • marketing firms

  • consulting firms

  • government departments

  • self-employment, with enough experience, can open own business and work as a consultant

Getting Started

  • arrange to speak to an industrial economist about this type of career and the possibility of vacation work

  • take a course in economics and read a leading financial newspaper daily and if possible, overseas publications


Alliance International University, Bindura University of Science Education, Catholic Institute of Kabgayi, Catholic University College of Ghana, Catholic University of Eastern African, Cavendish University, College of Intergrated Healthcare, Daystar University, Egerton University, Embu University College, Garden City University College, Ghana Technology University College, Gideon Roberts University, Great Zimbabwe University, Institute of Development Management, Kampala Institute of Vocational Training and Business Studies, Karatina University, Kenneth Kaunda Metropolitan University, Kenya Methodist University, Kibabii University, Kigali Independent University, Kisii University, Kwame Nkrumah University of Science & Technology, Kyambogo University, Laikipia University, Maasai Mara University, Machakos University College, Mega Size College, Meritorious Biz Tech College, Meru University of Science and Technology, Methodist University College Ghana, Middlesex University Mauritius, Moi University, Mount Kenya University, Mzumbe University, National University of Lesotho, North-West University, Open University of Tanzania, Soroti University, South Eastern Kenya University, St. Augustine University of Tanzania, Texila American University, The Copperbelt University, Tom Mboya University College, Trinity University, Uganda Martyrs University, Uganda Technology and Management University, University of Africa, University of Botswana, University of Cape Coast, University of Cape Town, University of Eldoret, University of Ghana, University of Kabianga, University of Kigali, University of Kisubi, University of Lusaka, University of Malawi (Chancellor College), University of Mauritius, University of Nairobi, University of Namibia, University of Rwanda, University of Stellenbosch, University of Swaziland, University of the Free State, Valley University of Science and Technology, Valley View University, Varsity College, Zambia Catholic University

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