Economics lecturer

Description

Economics lecturers are subject professors, assistant professors, teachers, lectures, assistant lecturers, mentors who instruct students in their own specialised field of study, economics. They develop curriculum, prepare classes (lectures, practical classes, seminars, trainings etc.), monitor learning outcomes, supervise student study path. They conduct academic research in their field of economics and present their findings at the conferences and in publications. They are involved in some university management functions.

Other titles

The following job titles also refer to economics lecturer:

economics teacher
university economics lecturer
lecturer in economics
university lecturer in economics
professor of economics
senior lecturer in economics
economics lector
economics professor
higher education economics teacher
university economics teacher
lecturer of economics
economics instructor
economics docent

Minimum qualifications

Master’s degree is generally required to work as economics lecturer. However, this requirement may differ in some countries.

ISCO skill level

ISCO skill level is defined as a function of the complexity and range of tasks and duties to be performed in an occupation. It is measured on a scale from 1 to 4, with 1 the lowest level and 4 the highest, by considering:

  • the nature of the work performed in an occupation in relation to the characteristic tasks and duties
  • the level of formal education required for competent performance of the tasks and duties involved and
  • the amount of informal on-the-job training and/or previous experience in a related occupation required for competent performance of these tasks and duties.

Economics lecturer is a Skill level 4 occupation.

Economics lecturer career path

Similar occupations

These occupations, although different, require a lot of knowledge and skills similar to economics lecturer.

mathematics lecturer
education studies lecturer
higher education lecturer
law lecturer
modern languages lecturer

Long term prospects

These occupations require some skills and knowledge of economics lecturer. They also require other skills and knowledge, but at a higher ISCO skill level, meaning these occupations are accessible from a position of economics lecturer with a significant experience and/or extensive training.

Essential knowledge and skills

Essential knowledge

This knowledge should be acquired through learning to fulfill the role of economics lecturer.

Economics: Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.
Financial jurisdiction: Financial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction
Curriculum objectives: The goals identified in curricula and defined learning outcomes.

Essential skills and competences

These skills are necessary for the role of economics lecturer.

Guarantee students’ safety: Ensure all students falling under an instructor or other person’s supervision are safe and accounted for. Follow safety precautions in the learning situation.
Prepare lesson content: Prepare content to be taught in class in accordance with curriculum objectives by drafting exercises, researching up-to-date examples etc.
Monitor developments in field of expertise: Keep up with new research, regulations, and other significant changes, labour market related or otherwise, occurring within the field of specialisation.
Compile course material: Write, select or recommend a syllabus of learning material for the students enrolled in the course.
Liaise with educational support staff: Communicate with education management, such as the school principal and board members, and with the education support team such as the teaching assistant, school counsellor or academic advisor on issues relating the students’ well-being.
Apply teaching strategies: Employ various approaches, learning styles, and channels to instruct students, such as communicating content in terms they can understand, organising talking points for clarity, and repeating arguments when necessary. Use a wide range of teaching devices and methodologies appropriate to the class content, the learners’ level, goals, and priorities.
Assess students: Evaluate the students’ (academic) progress, achievements, course knowledge and skills through assignments, tests, and examinations. Diagnose their needs and track their progress, strengths, and weaknesses. Formulate a summative statement of the goals the student achieved.
Write work-related reports: Compose work-related reports that support effective relationship management and a high standard of documentation and record keeping. Write and present results and conclusions in a clear and intelligible way so they are comprehensible to a non-expert audience.
Demonstrate when teaching: Present to others examples of your experience, skills, and competences that are appropriate to specific learning content to help students in their learning.
Give constructive feedback: Provide founded feedback through both criticism and praise in a respectful, clear, and consistent manner. Highlight achievements as well as mistakes and set up methods of formative assessment to evaluate work.
Perform classroom management: Maintain discipline and engage students during instruction.
Apply intercultural teaching strategies: Ensure that the content, methods, materials and the general learning experience is inclusive for all students and takes into account the expectations and experiences of learners from diverse cultural backgrounds. Explore individual and social stereotypes and develop cross-cultural teaching strategies.
Teach economic principles: Instruct students in the theory and practice of economics and economic research, and more specifically in topics such as production, distribution, financial markets, economic models, macroeconomics, and microeconomics.
Liaise with educational staff: Communicate with the school staff such as teachers, teaching assistants, academic advisors, and the principal on issues relating to students’ well-being. In the context of a university, liaise with the technical and research staff to discuss research projects and courses-related matters.
Develop course outline: Research and establish an outline of the course to be taught and calculate a time frame for the instructional plan in accordance with school regulations and curriculum objectives.

Optional knowledge and skills

Optional knowledge

This knowledge is sometimes, but not always, required for the role of economics lecturer. However, mastering this knowledge allows you to have more opportunities for career development.

Assessment processes: Various evaluation techniques, theories, and tools applicable in the assessment of students, participants in a programme, and employees. Different assessment strategies such as initial, formative, summative and self- assessment are used for varying purposes.
Funding methods: The financial possibilities for funding projects such as the traditional ones, namely loans, venture capital, public or private grants up to alternative methods such as crowdfunding.
Mathematics: Mathematics is the study of topics such as quantity, structure, space, and change. It involves the identification of patterns and formulating new conjectures based on them. Mathematicians strive to prove the truth or falsity of these conjectures. There are many fields of mathematics, some of which are widely used for practical applications.
Learning difficulties: The learning disorders some students face in an academic context, especially Specific Learning Difficulties such as dyslexia, dyscalculia, and concentration deficit disorders.
Statistics: The study of statistical theory, methods and practices such as collection, organisation, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments in order to forecast and plan work-related activities.
Financial markets: The financial infrastructure which permits trading securities offered by companies and individuals govern by regulatory financial frameworks.
Market analysis: The field of market analysis and research and its particular research methods.
University procedures: The inner workings of a university, such as the structure of the relevant education support and management, the policies, and the regulations.
Commercial law: The legal regulations that govern a specific commercial activity.
Scientific research methodology: The theoretical methodology used in scientific research involving doing background research, constructing an hypothesis, testing it, analysing data and concluding the results.

Optional skills and competences

These skills and competences are sometimes, but not always, required for the role of economics lecturer. However, mastering these skills and competences allows you to have more opportunities for career development.

Assist in the organisation of school events: Provide assistance in the planning and organisation of school events, such as the school’s open house day, a sports game or a talent show.
Supervise educational staff: Monitor and evaluate the actions of the educational staff such as teaching or research assistants and teachers and their methods. Mentor, train, and give advice to them if necessary.
Serve on academic committee: Contribute to university or college managerial decisions, such as budgetary issues, school policy reviews and recommendations, department promotions, and hiring of new staff members. This may also include participation in discussions around educational policy reforms.
Facilitate teamwork between students: Encourage students to cooperate with others in their learning by working in teams, for example through group activities.
Establish collaborative relations: Establish 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 parties.
Conduct scholarly research: Plan scholarly research by formulating the research question and conducting empirical or literature research in order to investigate the truth of the research question.
Discuss research proposals: Discuss proposals and projects with researchers, decide on resources to allocate and whether to move forward with the study.
Monitor educational developments: Monitor the changes in educational policies, methodologies and research by reviewing relevant literature and liaising with education officials and institutions.
Analyse economic trends: Analyse 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.
Participate in scientific colloquia: Take part in symposia, international experts’ conferences, and congresses to present research projects, methods, and results and to gather information on developments in academic research.
Assist students with equipment: Provide assistance to students when working with (technical) equipment used in practice-based lessons and solve operational problems when necessary.
Develop curriculum: Develop and plan the learning goals and outcomes for education institutions, as well as the required teaching methods and potential education resources.
Conduct quantitative research: Execute a systematic empirical investigation of observable phenomena via statistical, mathematical or computational techniques.
Manage resources for educational purposes: Identify the necessary resources needed for learning purposes, such as materials in class or arranged transportation for a field trip. Apply for the corresponding budget and follow up on the orders.
Assist students with their dissertation: Support university students with the writing of their paper or theses. Advise on research methods or additions to certain parts of their dissertations. Report different types of errors, such as research or methodological errors, to the student.
Publish academic research: Conduct academic research, at a university or college or on a personal account, publish it in books or academic journals with the aim of contributing to a field of expertise and achieving personal academic accreditation.
Keep records of attendance: Keep track of the pupils who are absent by recording their names on a list of absentees.
Work with virtual learning environments: Incorporate the use of online learning environments and platforms into the process of instruction.
Provide technical expertise: Provide expert knowledge in a particular field, especially concerning mechanical or scientific subjects, to decision makers, engineers, technical staff or journalists.
Present reports: Display results, statistics and conclusions to an audience in a transparent and straightforward way.
Monitor national economy: Supervise the economy of a country and their financial institutions such as banks and other credit institutions.
Provide lesson materials: Ensure that the necessary materials for teaching a class, such as visual aids, are prepared, up-to-date, and present in the instruction space.
Assist students in their learning: Support and coach students in their work, give learners practical support and encouragement.
Supervise doctoral students: Assist students working on a doctorate in specifying their research question and deciding on a methodology. Monitor their progress and conduct quality reviews of their work.
Conduct qualitative research: Gather relevant information by applying systematic methods, such as interviews, focus groups, text analysis, observations and case studies.
Provide career counselling: Advise beneficiaries on future career options through counselling and, potentially, through career testing and evaluation.

ISCO group and title

2310 – University and higher education teachers

 

 


 

 

References
  1. Economics lecturer – ESCO
Last updated on August 8, 2022