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Public Administration & LegalISCO 2631

Economic policy officer

An economic policy officer is a person who develops economic strategies and advises on public policy that bears on the economy.

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Rate 5 of the 15 essential skills of this occupation (European ESCO data). No account needed.

create solutions to problems

maintain relations with local representatives

advise legislators

advise on economic development

maintain relationships with government agencies

About economic policy officer

The officer monitors the state of the economy: competitiveness, innovation, trade, employment and prices. Economic trends are analysed and their further course forecast, working from statistical data rather than from single reports. The officer draws on economics, for example to tell a seasonal movement from a lasting one.

An economic policy advisor also develops policy in the field of economics, prepares economic projects and programmes, and manages the implementation of public policy: seeing that a line in a document turns into an instrument, a call for applications and a payment. Research into public policy problems is carried out, the problems are assessed and action recommended, with economic criteria weighed in every recommendation — cost, effect on the market, impact on competition.

The work is advisory and written: the officer prepares analyses, opinions and position papers for superiors and for other institutions. The officer works in institutions that develop and implement public policy, and formal requirements are set by the employer.

Key Work Functions

Core areas of responsibility for a economic policy officer.

1

Economic Analysis and Research

  • Analyze economic trends including GDP growth, inflation, employment and trade data
  • Conduct research on specific economic policy problems and assess their impact
  • Forecast future economic trends and scenarios to inform policy planning
  • Monitor national and international economic developments and competitiveness metrics
2

Policy Development and Recommendation

  • Develop evidence-based economic policies and strategic frameworks for government approval
  • Create solutions to complex economic problems based on data analysis and best practices
  • Advise legislators and government agencies on economic implications of proposed legislation
  • Provide recommendations on economic development strategies and innovation initiatives
3

Government Relations and Coordination

  • Maintain relationships and coordinate with government agencies on policy implementation
  • Liaise with local government representatives to understand regional economic needs
  • Implement government policy decisions and monitor their effectiveness
  • Advise on legislative acts and regulatory frameworks from an economic perspective
4

Policy Assessment and Evaluation

  • Assess public policy problems and their root causes through economic analysis
  • Evaluate economic criteria and impacts when making policy recommendations
  • Monitor the implementation and outcomes of economic policies over time
  • Identify areas for policy improvement based on economic data and performance indicators

European Skills Framework

Skills and knowledge areas required for this occupation based on European classification.

Essential (15)

government policy implementationgovernment policy implementationThe procedures related to the application of government policies at all levels of public administration.economicseconomicsEconomic principles and practices, financial and commodity markets, banking and the analysis of financial data.political economypolitical economyThe field that combines political and economic factors in the analysis of modern societies. It focuses on factors such as production and trade and their relations with the law and the government.create solutions to problemscreate solutions to problemsSolve problems which arise in planning, prioritising, organising, directing/facilitating action and evaluating performance. Use systematic processes of collecting, analysing, and synthesising informat...maintain relations with local representativesmaintain relations with local representativesMaintain good relations with representatives of the local scientific, economic and civil society.advise legislatorsadvise legislatorsGive advice on various government and legislative duties, such as policy creation and the inner workings of a governmental department, to government officials in legislative positions, such as members...advise on economic developmentadvise on economic developmentAdvise organisations and institutions on the factors and steps they could take which would promote and ensure economic stability and growth.maintain relationships with government agenciesmaintain relationships with government agenciesEstablish and maintain cordial working relationships with peers in different governmental agencies.analyse economic trendsanalyse economic trendsAnalyse developments in national or international trade, business relations, banking, and developments in public finance and how these factors interact with one another in a given economic context.develop economic policiesdevelop economic policiesDevelop strategies for economic stability and growth in an organisation, nation, or internationally, and for the improvement of trade practices and financial procedures.monitor national economymonitor national economySupervise the economy of a country and their financial institutions such as banks and other credit institutions.consider economic criteria in decision makingconsider economic criteria in decision makingDevelop proposals and take appropriate decisions taking into account economic criteria.advise on legislative actsadvise on legislative actsAdvise officials in a legislature on the propositioning of new bills and the consideration of items of legislation.forecast economic trendsforecast economic trendsGather and analyse economic data in order to predict economic trends and events.manage government policy implementationmanage government policy implementationManage the operations of the implementation of new government policies or changes in existing policies on a national or regional level as well as the staff involved in the implementation procedure.
Optional (12) — show
project management principlesproject management principlesDifferent elements and phases of project management.international commercial transactions rulesinternational commercial transactions rulesPre-defined commercial terms used in international commercial transactions which stipulate clear tasks, costs and risks associated with the delivery of goods and services.project managementproject managementThe discipline of project management, the activities which comprise this area and the variables implied in it, such as time, resources, requirements, deadlines, and responding to unexpected events.international businessinternational businessThe processes related to production or distribution of goods and services across borders.policy analysispolicy analysisUnderstanding of the basic tenets of policymaking in a specific sector, its implementation processes and its consequences.scientific research methodologyscientific research methodologyThe theoretical methodology used in scientific research involving doing background research, constructing an hypothesis, testing it, analysing data and concluding the results.carry out strategic researchcarry out strategic researchResearch long term possibilities for improvements and plan steps to achieve them.establish collaborative relationsestablish collaborative relationsEstablish a connection between organisations or individuals which may benefit from communicating with one another in order to facilitate an enduring positive collaborative relationship between both pa...advise on drafting policiesadvise on drafting policiesProvide specific knowledge and relevant considerations (e.g. financial, legal, strategic) on matters which should be considered when drafting policies.perform project managementperform project managementManage and plan various resources, such as human resources, budget, deadline, results, and quality necessary for a specific project, and monitor the project's progress in order to achieve a specific g...liaise with politiciansliaise with politiciansLiaise with officials fulfilling important political and legislative roles in governments in order to ensure productive communication and build relations.international tariffsinternational tariffsThe international tariffs, taxes, or duties that must be paid on a particular class of import or export materials.

Related Occupations

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Frequently asked questions

What does an economic policy officer do?

Economic policy officers develop economic strategies. They monitor aspects of economics such as competitiveness, innovation and trade. Economic policy officers contribute to the development of economic policies, projects and programs. They research, analyse and assess public policy problems and recommend appropriate actions.

What skills does an economic policy officer need?

An economic policy officer needs 15 essential skills, including government policy implementation, economics, political economy, create solutions to problems, maintain relations with local representatives.

Will AI replace economic policy officer jobs?

The AI disruption score for economic policy officer is 20/100 (low risk). Skills most exposed to automation: international tariffs, international commercial transactions rules, monitor national economy. Most resilient: maintain relationships with government agencies, liaise with politicians, maintain relations with local representatives.

Quick Facts

SectorPublic Administration & Legal
ISCO GroupLegal, social and cultural professionals
Essential Skills15

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