Professor of Economics Job Description [Updated for 2025]

In today’s globalized economy, the significance of a Professor of Economics has become increasingly apparent.

As economies evolve and financial landscapes shift, there is a growing demand for astute minds who can analyze, interpret and guide our economic structures.

But let’s delve deeper: What’s truly expected from a Professor of Economics?

Whether you are:

• A job seeker attempting to understand the scope of this role,
• A hiring manager formulating the ideal candidate profile,
• Or simply fascinated by the intricate world of economics,

You’re in the right place.

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

Let’s dive right in.

Professor of Economics Duties and Responsibilities

A Professor of Economics engages in a variety of teaching and research activities related to the field of economics.

They are expected to contribute to the knowledge and understanding of economic theories, principles, and real-world applications.

The duties and responsibilities of a Professor of Economics include:

• Developing and delivering lectures on economic theories, principles, and models to students
• Conducting and publishing original research in the field of economics
• Advising students on academic matters such as course selection, research projects, and career paths
• Reviewing and grading students’ assignments, papers, and exams
• Guiding and mentoring graduate students in their research activities
• Participating in departmental and university meetings, committees, and initiatives
• Providing services to the community and the profession, such as giving public talks, consulting for organizations, or reviewing academic articles
• Keeping up-to-date with the latest economic research and theories
• Developing new courses and updating existing courses to reflect current economic issues and developments

 

Professor of Economics Job Description Template

Job Brief

We are looking for an accomplished Professor of Economics to join our faculty.

The candidate will be responsible for developing curriculum plans, delivering lectures, conducting research in their field, and supervising students’ research.

The ideal candidate has a strong background in economics, with a track record of published research and effective teaching.

They should be able to inspire students, foster critical thinking, and contribute to the growth of our institution.

 

Responsibilities

• Develop and implement curriculum plans that fulfill the requirements of the university’s economics program
• Deliver lectures and facilitate discussions in the classroom
• Conduct research in their field of expertise and publish findings in reputable academic journals
• Supervise and guide students’ research work
• Participate in faculty and university meetings
• Engage in professional development activities
• Advise and mentor students
• Contribute to the development and improvement of the university’s economics program

 

Qualifications

• A Ph.D. in Economics or a related field
• Proven experience as a Professor of Economics or in a similar role
• A strong publication record in reputable academic journals
• Excellent teaching skills and ability to inspire students
• Proficiency in quantitative methods and economics software tools
• Strong organizational and communication skills
• Membership in professional associations and societies is a plus

 

Benefits

• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Opportunities for professional development and research grants

 

Additional Information

• Job Title: Professor of Economics
• Work Environment: This role will involve both classroom teaching and independent research. Some travel may be required for academic conferences and research.
• Reporting Structure: Reports to the Head of the Economics Department.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: Commensurate with experience and qualifications.
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our university. 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 resume, a cover letter outlining your qualifications and experience, and a list of your publications to [email address or application portal].

 

What Does a Professor of Economics Do?

A Professor of Economics primarily works in colleges, universities, and other higher education institutions.

Their primary role is to teach students the principles, theories, and applications of economics.

They develop course materials, create lesson plans, and deliver lectures on a wide range of economics topics such as macroeconomics, microeconomics, econometrics, international economics, and financial economics.

In addition to teaching, they conduct research in their field of expertise, publish findings in academic journals, and present at conferences.

They provide academic advising to students, guide them in their independent research projects, and often supervise theses and dissertinations.

Professors of Economics also contribute to their institutions by serving on academic or administrative committees, participating in curriculum development, and engaging in departmental planning.

They keep themselves updated with current economic trends, developments in economic theory, and changes in relevant teaching methodologies.

Their job also involves fostering critical thinking, promoting debate, and encouraging a deeper understanding of the complex economic issues that shape our world.

 

Professor of Economics Qualifications and Skills

A proficient Professor of Economics should have the skills and qualifications that align with your job description, such as:

• Advanced knowledge and understanding of economic theory, principles, and practices.
• Strong research skills to stay updated with the latest economic issues, trends, and developments.
• Excellent analytical skills to interpret complex economic data and make accurate predictions and forecasts.
• Exceptional communication skills to clearly explain complex economic concepts, theories, and models to students.
• Teaching skills, including lesson planning, curriculum development, and instructional strategies for diverse learning styles.
• Interpersonal skills to connect with students, colleagues, and the wider academic community.
• Strong organizational skills to manage teaching schedules, research deadlines, and administrative tasks effectively.
• Mentoring and coaching abilities to guide students in their academic journey and career goals.
• Experience in publishing academic papers or articles in respected economics journals.
• A PhD in Economics or a closely related field from an accredited institution.

 

Professor of Economics Experience Requirements

To become a Professor of Economics, substantial experience in the field of economics is required.

This typically starts with earning a bachelor’s degree in economics, followed by a master’s degree, and ultimately a Ph.D. in economics.

The process of earning these degrees will provide a significant amount of theoretical and practical experience.

During their graduate studies, individuals often have the opportunity to teach undergraduate courses as a Graduate Teaching Assistant, which is an excellent opportunity to gain teaching experience.

This role allows individuals to develop and enhance their teaching skills under the supervision of experienced faculty members.

Upon completion of their Ph.D., individuals often undertake postdoctoral research positions.

These roles provide additional research experience and an opportunity to publish research findings in economic journals, which is a crucial component of building a career as a Professor of Economics.

After gaining experience in a postdoctoral role, individuals may begin their career as an Assistant Professor of Economics.

This position involves a combination of teaching, researching, and publishing scholarly articles.

With several years of experience in this role, individuals may be eligible to move up to an Associate Professor position, and eventually, a full Professor of Economics.

Some universities may require candidates to have specific experience in teaching courses at the undergraduate or graduate level, designing and conducting original research, and a track record of published work.

Those with more than 10 years of experience may be ready for leadership roles within the university, such as Department Chair or Dean.

In addition, having practical experience in the field of economics outside academia – such as in government, business, or consulting roles – can also be beneficial and may be required for some positions.

 

Professor of Economics Education and Training Requirements

Professors of Economics are required to have a doctoral degree (Ph.D.) in Economics.

This is typically preceded by a bachelor’s and master’s degree in a related field, such as economics, finance, or business.

The path to becoming a Professor of Economics usually starts with an undergraduate degree in economics or a related field, which provides a foundational understanding of economic principles and theories.

Graduate studies typically focus on more advanced economic theory, research methods, econometrics, and specialized courses in areas like macroeconomics, microeconomics, or international economics.

After obtaining a master’s degree, aspiring economics professors should pursue a Ph.D. program, which usually takes four to five years to complete.

During this period, candidates are expected to conduct original research in their area of interest, leading to a dissertation, which contributes new knowledge to the field of economics.

Postdoctoral experience or research work may also be required or preferred for some positions, especially those at prestigious institutions.

This gives scholars the opportunity to further refine their research skills and deepen their knowledge in their specialty area.

Continued professional development and research in the field of economics are essential for career advancement.

Professors are typically expected to regularly publish research papers in academic journals.

Teaching experience is also a vital component of the qualifications for a Professor of Economics.

This can be obtained through teaching assistantships during graduate studies or through adjunct professor roles.

In addition to these qualifications, Professors of Economics need to have excellent communication skills, as they are required to effectively teach complex economic concepts to students.

They should also have strong analytical abilities to conduct rigorous research.

 

Professor of Economics Salary Expectations

The average salary for a Professor of Economics is $120,880 (USD) per year.

The actual earnings may vary based on factors such as years of experience, academic qualifications, type of institution, and geographical location.

 

Professor of Economics Job Description FAQs

What qualifications does a Professor of Economics need?

Typically, a Professor of Economics must have a Ph.D. in Economics or a closely related field.

Prior teaching experience at the university level can be advantageous.

Professors of Economics should be well-versed in various economic theories and models, and should also be familiar with statistical software packages used for economic research.

 

What are the daily duties of a Professor of Economics?

On a typical day, a Professor of Economics might spend time preparing for lectures, conducting classes, grading assignments, and advising students.

They might also spend time on their own research, publishing papers, and attending or speaking at conferences or other academic events.

They often serve on various academic committees and participate in departmental meetings.

 

What qualities make a good Professor of Economics?

A good Professor of Economics has a deep understanding of the field and a passion for teaching.

They should have excellent communication skills to convey complex economic concepts in a way that students can understand.

They should also be patient, approachable, and committed to the success of their students.

A good professor stays up-to-date with new developments in the field and incorporates them into their teaching.

 

What should you look for in a Professor of Economics resume?

Look for a strong educational background with a Ph.D. in Economics or a related field.

Check for teaching experience and any specialized areas of economics they’ve studied or taught.

Published research, conference presentations, and any awards or honors they’ve received are also positive indicators of a strong candidate.

 

Is it difficult to hire a Professor of Economics?

Hiring a Professor of Economics can be challenging due to the specialized nature of the role.

It requires finding a candidate with the right mix of educational qualifications, teaching experience, and research credentials.

The competition for experienced and accomplished professors can be intense, especially in prestigious institutions.

 

Conclusion

And there you have it.

Today, we’ve dissected the complex role of an economics professor.

Guess what?

It’s not just about teaching economics.

It’s about shaping the economic thinkers of tomorrow, one lecture at a time.

With our comprehensive professor of economics job description template and real-world examples, you’re well-equipped to take the next step.

But why not go further?

Delve deeper with our job description generator. It’s your ultimate tool for crafting laser-sharp listings or honing your resume to perfection.

Remember:

Every lecture you deliver contributes to a larger narrative.

Let’s shape the future of economics. Together.