Economics Professor Job Description [Updated for 2025]

In the ever-evolving academic world, the demand for Economics Professors has never been higher.

As global economic landscapes shift and transform, there is a growing need for proficient educators who can dissect, elucidate, and shape our understanding of complex economic principles and theories.

But what exactly does the role of an Economics Professor entail?

Whether you are:

• A job seeker trying to understand the core requirements of this role,
• A hiring manager seeking to outline the perfect candidate,
• Or simply fascinated by the intricate world of economics education,

You’ve come to the right place.

Today, we present a customizable Economics Professor job description template, designed for effortless posting on job boards or career sites.

Let’s delve right into it.

Economics Professor Duties and Responsibilities

Economics Professors primarily focus on teaching and research in the field of economics.

They utilize their knowledge of economic theory and applied economics to educate students and contribute to the advancement of knowledge in their field.

Their duties and responsibilities include:

• Preparing and delivering lectures to undergraduate and/or graduate students on topics such as macroeconomics, microeconomics, and econometrics
• Designing, administering and grading exams and assignments to evaluate students’ understanding of the course material
• Supervising students’ independent or group projects, research, and thesis
• Conducting research in the field of economics to advance knowledge and understanding
• Publishing original research and analysis in academic journals and books
• Providing academic guidance and career advice to students
• Staying updated on latest trends and developments in the field of economics
• Participating in departmental meetings, college activities, and committee work
• Applying for and managing research grants
• Attending and presenting at academic conferences

 

Economics Professor Job Description Template

Job Brief

We are seeking a dedicated and knowledgeable Economics Professor to join our faculty.

The Economics Professor will be responsible for teaching a range of economics courses, conducting and publishing scholarly research, and advising students on their academics.

Our ideal candidate has a strong understanding of micro and macro-economic principles, a background in teaching at a post-secondary level, and a history of research in the field.

 

Responsibilities

• Teach undergraduate and graduate level economics courses
• Prepare course materials and lectures
• Engage in scholarly research and publish findings in reputable journals
• Guide and mentor students, and provide academic advice
• Participate in faculty and college committees
• Stay current on developments in the field of economics
• Work with students on independent study and research projects
• Supervise teaching assistants

 

Qualifications

• Ph.D. in Economics or a related field
• Previous teaching experience at a post-secondary level
• Extensive knowledge of economics principles and theories
• A track record of research and publication in the field of economics
• Strong interpersonal and communication skills
• Ability to engage and inspire students
• Experience with online teaching platforms is a plus

 

Benefits

• Retirement plan
• Health insurance
• Dental insurance
• Paid time off
• Professional development assistance
• Tuition reimbursement

 

Additional Information

• Job Title: Economics Professor
• Work Environment: University campus with potential for remote teaching
• Reporting Structure: Reports to the Department Chair of Economics
• Salary: Salary is commensurate with experience, qualifications and university’s pay scale
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time, Tenure-track
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our institution. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your curriculum vitae, a cover letter outlining your qualifications and teaching philosophy, and three references to [email address or application portal].

 

What Does an Economics Professor Do?

Economics Professors typically work in higher education institutions such as universities and colleges.

They may also work as researchers in think tanks or consulting firms, and some are self-employed as private tutors or consultants.

Their main role is to teach courses in economics to undergraduate or graduate students.

This includes preparing course materials, delivering lectures, conducting seminars and workshops, and providing individualized instruction.

Economics Professors also assess students’ performance through examinations, assignments, and class participation.

They guide students in their academic pursuits, mentor them in their career goals, and advise them on their research projects or theses.

In addition to teaching, Economics Professors engage in scholarly research in their field.

They study economic phenomena, create theoretical models, analyze data, and publish their findings in academic journals or books.

Their research may focus on various aspects of economics, such as macroeconomics, microeconomics, labor economics, international economics, or economic development.

Furthermore, Economics Professors often participate in faculty meetings, serve on academic committees, and contribute to the development of curriculum and academic policies.

They may also be invited to speak at conferences, give public lectures, and provide expert opinion on economic issues to the media or government agencies.

 

Economics Professor Qualifications and Skills

Economics Professors should have a mix of educational qualifications, subject matter expertise, and soft skills to effectively teach and inspire students, such as:

• PhD or similar advanced degree in Economics or a related field to demonstrate subject mastery and research capability.
• Experience in teaching Economics at a college or university level to provide effective and efficient instruction.
• Deep understanding of economic theories, principles, and real-world applications to provide students with a comprehensive understanding of the subject.
• Exceptional communication skills to articulate complex economic concepts in a way that is easy to understand for students of varying skill levels.
• Strong interpersonal skills to connect with students, colleagues, and industry professionals, fostering a positive and collaborative learning environment.
• Ability to develop and implement innovative teaching methods and curriculum to engage students and enhance learning outcomes.
• Excellent organizational skills to manage grading, course planning, and other administrative tasks efficiently.
• Research skills to contribute to the field of Economics, staying current with the latest trends, theories, and developments.

 

Economics Professor Experience Requirements

Entry-level candidates for an Economics Professor role typically hold a PhD in Economics and have a record of teaching or research experience during their doctoral studies.

This experience may be as a Graduate Teaching Assistant or as a Research Fellow, which allows them to develop their theoretical knowledge and practical teaching skills.

Candidates with 2 to 5 years of experience usually have held postdoctoral research positions, or may have worked as an Adjunct or Assistant Professor in Economics.

This stage helps them sharpen their expertise in specialized areas of economics, and further develops their teaching and research skills.

Candidates with more than 5 years of experience are usually seasoned Professors or Associate Professors of Economics, with a strong track record in teaching, research, and publication in recognized economic journals.

These candidates may have also served in administrative capacities in their respective academic institutions, or have received significant recognition and awards in their field.

Additionally, these experienced candidates may have guided doctoral students in their dissertation work, adding to their leadership experience.

This experience may prepare them for senior roles such as Department Chair or Dean.

 

Economics Professor Education and Training Requirements

Economics Professors typically require a doctoral degree in Economics or a related field.

The path to this role often begins with a bachelor’s degree in economics, finance, business, or mathematics.

This is followed by a master’s degree in economics or a related discipline.

While studying for their master’s and doctoral degrees, aspiring Economics Professors usually specialize in a specific area of economics such as macroeconomics, microeconomics, econometrics, international economics, or labor economics.

To further enhance their qualifications, individuals may also choose to complete postdoctoral research or fellowships in their area of interest.

This experience can significantly boost an individual’s understanding of complex economic theories and models.

In addition to academic qualifications, Economics Professors must have an in-depth understanding of economic principles and theories, excellent teaching skills, and the ability to conduct and publish high-quality research.

Having published work in reputable economics journals can also contribute to an individual’s qualifications and credibility as an Economics Professor.

Practical experience in the field of economics, such as working in an economic research institution, can also be beneficial.

Finally, while not a requirement, membership in professional associations such as the American Economic Association can help demonstrate a commitment to the field and provide opportunities for professional development and networking.

 

Economics Professor Salary Expectations

An Economics Professor can expect to earn an average salary of $105,000 (USD) per year.

However, the salary can significantly vary depending on factors such as level of education, years of experience, research publications, and the prestige of the employing university or institution.

Geographic location can also greatly impact the salary of an Economics Professor.

 

Economics Professor Job Description FAQs

What is the typical educational requirement for an Economics Professor?

Most universities require Economics Professors to hold a Ph.D. in economics or a related field.

Some institutions, particularly community colleges, may hire individuals with a master’s degree.

Prior teaching experience or published research in the field of economics can also be beneficial.

 

What skills are essential for an Economics Professor?

An Economics Professor should have excellent teaching skills, including the ability to explain complex economic theories in a way that students can understand.

They should also have strong research skills, including the ability to analyze data and publish findings in academic journals.

Interpersonal skills are also crucial as they need to interact with students, faculty, and other professionals.

 

What does a typical day look like for an Economics Professor?

Economics Professors usually divide their time between teaching, research, and administrative tasks.

They may start their day by preparing for lectures, grading assignments, or meeting with students during office hours.

Research tasks can include reading academic journals, writing papers, and gathering data.

Administrative tasks can vary but may involve attending faculty meetings, serving on committees, or developing curriculum.

 

What makes a successful Economics Professor?

A successful Economics Professor is one who can effectively communicate complex economic theories and concepts to a broad range of students.

They also consistently contribute to the field of economics through original research and publications.

A successful professor also demonstrates commitment to their students’ success, both acadically and professionally.

 

Is the job market competitive for Economics Professors?

Yes, the job market for Economics Professors can be highly competitive.

This is because the number of Ph.D. graduates often exceeds the number of available university positions.

However, those with exceptional teaching skills, strong research records, and specialization in a high-demand area of economics may have more job opportunities.

 

Conclusion

So there you have it.

Today, we’ve unveiled the profound responsibilities and challenges of being an economics professor.

And guess what?

It’s not just about delivering lectures.

It’s about shaping the economic leaders of tomorrow, one lesson at a time.

With our comprehensive economics professor job description template and real-world examples, you’re all set to embark on this noble profession.

But why stop there?

Delve further with our job description generator. It’s your go-to resource for creating precision-tailored job listings or refining your CV to perfection.

Remember:

Every lecture you deliver, every student you inspire is part of the larger economic fabric.

Let’s shape that future. Together.

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